Decoding Chidambaram's Budget proposals
March 14, 2013Sanjay Modi
President, Resurgent India
"There was a lot of thrust on creating employment by deploying resources and skillset improvement. If you achieve the targets, I think taxpayers numbers will go up, which will directly add to revenues"
"There was an urgent need for the government to address the women's sector. It should create a body to fi nd innovative ways to bring more women into employment"
"There was an urgent need for the government to address the women's sector. It should create a body to fi nd innovative ways to bring more women into employment" "He (Chidambaram) is bringing in measures due to which crop yields could go up. He is also supporting minimum support price for farmers. Both these can help push the supply side up, and if supply side is pushed up in one or two years, maybe that will have some impact on inflation"
"Super rich tax is manageable, especially when the FM is on record saying that it is a one year phenomenon"
"The revenue from the tax base will go up in view of increased compliance"
Assistant Professor, National Institute of Public Finance and Policy
"I have my apprehension about the continual use of the fi scal defi cit number. I think it has stopped serving a useful purpose. A better measure would be to move towards public sector borrowing requirement"
"I think the quality of the defi cit has deteriorated because revenue defi cit constitutes more than almost 70 per cent of the total defi cit, which is a sad thing to see"
Director, BMR Advisors
"I was surprised he has increased the excise duty rate on mobile phones. In today's world saying a mobile phone costing more than Rs 2,500 is a luxury may not be correct"
"I see a lot of positive developments on the GST (goods and services tax) front in the last few months, the FM's (fi nance minister) speech has added to that positivism. In the last three months, the CST (central sales tax) compensation issue has been resolved. The state FMs have met a number of times to resolve the issues. FM has given additional Rs 9,000 crore for CST compensation"