The UPA's allies, DMK and TMC, have joined the Opposition in demanding a rollback of Finance Minister Pranab Mukherjee's decision to hike the excise duty on petrol and diesel in Budget 2010-11. Speaking to P Vaidyanathan Iyer and Gunjan Pradhan Sinha, Mukherjee says he hopes to sort out the issue.
The opposition benches emptied soon after the FM announced a Re 1/litre hike in the excise duty for petrol and diesel. Budget speeches have always been interrupted but I believe this is the first time there has been a walkout.
India's budget yet again demonstrates to NRIs that investing in their homeland is probably the best option right now. The West is still struggling to climb out of one of its deepest recessions and provides low returns, while India's growth story promises healthy returns.
The Budget tries to fix taxes and the deficit. But why not build on that? Asks Bibek Debroy Despite hype over the Union Budget, it is only one of several instruments the Central government possesses and many items are state (or even local body) subjects.
Kinks in the transition to the new tax regime must be worked out. Left to me to decide whether we should have a government without newspapers or newspapers without a government, I should not hesitate for a moment to prefer the latter.
The budget allocation for sports this year has gone down from last year's Rs 3706 crore to Rs 3565 crore, a major chunk of which has been earmarked for the Commonwealth Games scheduled for October 3 to 14.