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PC leaves commodities tax untouched

Safeguarding the interests of common households expenditures in the Budget FM for sure have won many hearts.

india Updated: Feb 28, 2006 18:40 IST

Safeguarding the interests of common households expenditures in the Union Budget by not increasing tax and duties on commodities, Union Finance Minister P Chidambaram for sure have won many hearts.

"Thankfully the Budget did not have a shock element embedded as prices of commodities largely remain unchanged. I would say the Finance Minister has prepared an overall good budget," Ranjana Kumar, a housewife from Safdarjung Development area, said.

When asked about the `no rebate' provision on jewellery and gold ornaments in the Budget, she said, "it will not destabilise most of the houses as you do not buy them on a daily basis."

Duty cuts on food items, footwears and more so on small cars too were a welcome, technical writer with a Noida-based software firm Niharika Chaudhary said.

"The Finance Minister has definitely become a hero for many middle class families for all the generosity he showed by not taxing items that are used on a regular basis," she said.

We feared increase in LPG prices and its absence in his presentation came as a huge relief, she said.

Though the budget talks about raise in duty on cigarette, Vivek Sharma associated with a brand building firm remains unperturbed saying, "I am not for reducing the number of smokes per day as per smoke would fetch more tax for my government".

Not everybody is as generous as Sharma, "why this discrimination for cigarette smoking citizens... People who enjoy other tobacco products such as Gutka and Khaini should have been put under the same tax net," Mahin Agarwal, an executive working for a leading textile firm said.

A lawyer practicing at High Court in the national capital Triza Preetam Barua was upbeat with decreasing duty structure on food items and small cars saying, "the fun of going out with friends will now be less expensive."

"I am particularly happy for the duty cut that resulted in reducing car prices as I am thinking of buying one this year," she said.

Vikas Tiwari another was also a happy man praising Finance Minister for not bringing lawyers under services net.

"Few people feel that we (lawyers) should not come under service net as we do not render service for the nation," Tiwari reproduced Chidambaram's remarks though pitched in a lighter vein.

Not everybody is as generous as Sharma, "why this discrimination for cigarette smoking citizens... People who enjoy other tobacco products such as Gutka and Khaini should have been put under the same tax net," Mahin Agarwal, an executive working for a leading textile firm said.

A lawyer practicing at High Court in the national capital Triza Preetam Barua was upbeat with decreasing duty structure on food items and small cars saying, "the fun of going out with friends will now be less expensive."

"I am particularly happy for the duty cut that resulted in reducing car prices as I am thinking of buying one this year," she said.

Vikas Tiwari another was also a happy man praising Finance Minister for not bringing lawyers under services net.

"Few people feel that we (lawyers) should not come under service net as we do not render service for the nation," Tiwari reproduced Chidambaram's remarks though pitched in a lighter vein.

First Published: Feb 28, 2006 18:40 IST