The concessions shown in direct tax and consumer goods has been nullified by the rising cost of living. Unless and until the Government maintains the value of money or the purchasing power till the next Budget, it is futile to feel happy about the tax concessions.
It should be the endeavour of the Government to ensure the stability of the rupee and not allow its value to diminish disproportionate to the rise in income. With the increase in the petrol prices, transport costs will go up, with a concomitant rise in the price of consumable goods, even before the budget proposals come into effect.
All efforts must be taken to ensure that the cost of living is maintained at least over a period of time.
T. S. Nagarajan
Chennai
Why roll back
stimulus?
The Budget has nothing to offer the corporate sector.
While it is true that the Centre's stimulus has helped the sector weather the economic crisis better, the Finance Minister has a challenging task before him. He must roll back stimulus packages gradually while, at the same time, maintain the GDP and raise it to 8.75-9 per cent.
The trouble-free FDI regime has brought a steady inflow of foreign investment, and there is need to further simplify the FDI regime to attract more investments to the infrastructure sector.
The Centre should stay firm in its decision to disinvest in PSUs, especially sick units and those with a low CAGR yield.
S. Lakshmi Narayanan
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