What was the theme of the Budget 2007-08?
“If ploughmen keep their hands folded, even sages claiming renunciation cannot find salvation” could well summarise the theme of today’s budget, which included a lot of talk on the ploughman, the farmer.
Increased allocations were announced for providing him with greater access to primary and secondary education and basic healthcare. Proposals also flooded for improving the rural infrastructure in terms of greater allocations to rural electrification, road construction and mobile telephony.
As for corporate India, the FM raised the rate of dividend distribution tax from 12.5% to 15% on dividends distributed by companies. Also, to reduce the huge arbitrage opportunities available to money market mutual funds and liquid mutual funds that enjoy concessional tax rates, he has raised the dividend distribution tax on dividends to 25% for all investors.
“If ploughmen keep their hands folded, even sages claiming renunciation cannot find salvation” could well summarise the theme of today’s budget, which included a lot of talk on the ploughman, the farmer.
Increased allocations were announced for providing him with greater access to primary and secondary education and basic healthcare. Proposals also flooded for improving the rural infrastructure in terms of greater allocations to rural electrification, road construction and mobile telephony.
As for corporate India, the FM raised the rate of dividend distribution tax from 12.5% to 15% on dividends distributed by companies. Also, to reduce the huge arbitrage opportunities available to money market mutual funds and liquid mutual funds that enjoy concessional tax rates, he has raised the dividend distribution tax on dividends to 25% for all investors.