The Hindu Business Line : Mechanism to cut oil subsidy burden

Create a mechanism to reduce the oil subsidy burden without issuing oil bonds to PSUs. A balanced economical measure may be taken by adjusting tax structure both Central and State Government taxes and partly by raising fuel prices. The prices to be raised to such a level so that PSUs can go ahead with their long-term plans and make nominal net profit.A fixed subsidy on diesel may be given to state-run transport corporations so that people prefer to travel in buses thus sav ing consumption of fuel and reduce burden.

V.V.Rao, Guntur

Retain personal direct taxation level

I wish the personal direct taxation (i.e. chiefly the income-tax and the wealth tax) be retained at the present level or expanding the minimum exemption relief. I wish the Finance Minister does not fall for reducing the personal direct taxation just in anticipation of delivering an election Budget.

Milap Dholkia, MBA,

(MBL) National Law University, Jodhpur

Unveil your dream Budget 2008
Business Line invites you to tell the Finance Minister your Budget expectations. Send in your Budget wishlist (in about 200 words) to BudgetWishlist2008@gmail.com, along with reasoning. Attach your digital photograph (as a high resolution `jpg' file) and your brief profile. Blog: http://BudgetWishlist2008.blogspot.com

More Stories on : Budget | SSI

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Mandatory health cover for unorganised sector soon

Workers in small firms may be brought under social security plans

Disparity in tax rates is main concern

Mechanism to cut oil subsidy burden

Depreciation on intangibles in M&A - a case to re-look

Textile industry: Tied up in knots

Plexconcil to prepare study for plastic park

Customs duty on ferro alloys may be raised

Regaliaa Realty plans serviced apartments chain

EU says market access strategy a success