Mukherjee puts money in one pocket, takes out from others
In his seventh national budget presented in the Lok Sabha Friday, Mukherjee raised the income tax exemption limit for individuals to Rs.2,00,000 from Rs.1,80,000 and revised the tax slabs to bring relief to some 35 million people in the country.
But by bringing virtually all services under the tax net and by hiking the rate from 10 percent to 12 percent -- as also by raising the standard excise rate to 12 percent from 10 percent -- he also ensured you pay more indirect taxes than before.
This is why the net impact of his proposals is such that while direct tax measures will result in a net revenue loss of Rs.4,500 crore ($900 million), the indirect tax changes will fetch a net revenue gain of Rs.45,940 crore ($9.1 billion) -- over 10 times more.
That man was incredibly lucky to be able to walk away without any serious damage after a collision like this. It occurred at the Garebhavipa... More That man was incredibly lucky to be able to walk away without any serious damage after a collision like this. It occurred at the Garebhavipalya junction near Electronic City, Bangalore. Police are looking searching for the suspect.
Date 25-11-11, Duration 0:49, Views 354683