Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
In the absence of the over-arching 'Jaya charisma', EPS has to convince the AIADMK's traditional constituencies, including those in his western districts, that his leadership would stand up against the BJP-led Centre even in a post-poll scenario, a la Jayalalithaa, and would not yield as much as party founder MGR had done, says N Sathiya Moorthy.
'There is no question of diverting funds. This government is pro-poor, pro-worker and pro-progressive.'
When the Centre collects money through cess, it can retain the entire fund for the particular scheme.
There are a couple of proposals, however, whose goals are not easily achievable.
'We need to take steps towards ease of doing business.'
Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
'The Opposition has no option but to make it an 'All versus One' fight to even think about winning.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
The roots of the cancellation of 2G telecom spectrum licences and coal blocks lie in two non-profit organisations - Common Cause and CPIL.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
'People do not want a 'maha milavat' (highly adulterated) government of those who assembled in Kolkata.'
India's state banks are under pressure to improve profitability.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
She needs to find innovative ways to at least match the growth during Gehlot's rule.
The government has taken a number of steps to address the situation faced by farmers.
'Today, three areas give banks a big headache -- steel, power, infrastructure.' 'Three Cs are very critical in lending -- character, capacity and collateral of the borrower.'
Sanjeev Nayar offers some ideas on how Indians can help in improving the lives of those living in border areas and in the process help the Indian Army.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
'Having learnt her lesson in popular democracy, Jaya would become more populist than the DMK and more so than the imagery that mentor MGR had created in the Tamil voter's mind, both as an individual and as an elected ruler.'
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
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