Indian Budget 2008 – What to Expect? at FinGad.com

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Indian Budget 2008 – What to Expect?

Categorie: Emerging Markets
Submitted 9 months ago by

Narasimhan , Owner at Krish Systems

Savers Budget is the time when the savers are really stressed. Their savings are many a time wiped out as the Finance Minister goes about appropriating more of their income to balance the budget. Will 2008 be different? Yes it is likely. Remember this is the last budget prior to general election due in 2009. Many voices are rising that salaried class needs to be taxed less. One way of doing that is give them way to postpone their taxes. I do not foresee a great change in the tax rates. The exemption limits at best will be readjusted in pace with the inflation. But there can be a window for the infrastructure projects to tap the savings of the salaried class and the like. We can expect a downward revision of interest rates. The finance minister stands to gain as the macro indicator of bank deposits growth at over 29% and the slow down in the bank credit are good enough reasons to readjust the interest rates, look forward to cut down the budgetary deficit. Tax Payers We cannot expect deep cuts in tax rates or the taxation slab... More...

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