Saturday, February 27, 2010

Cool and Uncool things in India Budget 2010

Mobile phones, books & toys = cool; Fuel, SUVs = uncool

Friday February 26, 2010 11:18 pm PST
As always, every budget has its highs and lows, FM Pranab Mukherjee's budget 2010 presented today is no different. From a consumer's point of view, here's a look at the goods and services that are cool and uncool -

Cool - Mobiles phones to get cheaper - To encourage manufacture of accessories such as battery chargers and hands-free sets, tax concessions will be extended to the mobile phone sector.

Uncool - Large cars, SUVs to get dearer - Large cars, SUVs excise up to 22% from 20%

Uncool - Jewellery to become expensive - Customs duty on gold and platinum imports has been raised.

Cool - medical equipment will cost less - Tax concessions announced for equipment used in the medical industry.

Uncool - air-conditioners to get costly - Hike in excise duty for ACs.

Cool - set top boxes to be cheaper - Tax concessions announced for set-top boxes.

Uncool - Fuel hike could be on the cards - Excise duty of Re 1 per litre on petrol and diesel.

Uncool - TVs to get dearer - Hike in excise duty for TVs.

Cool - Solar panels to get cheaper - Govt to waive excise duty on solar panels.

Cool - real-estate, housing-projects to get more affordable - Sops for real estate, housing projects extended by a year.

Cool - New tax slabs to increase savings - Tax slabs: Broadening 1.6 lakh - Nil, above 1.6 lakh upto 5 lakh 10%, 5-8 lakh - 20%, above 8 lakh- 30%

Cool - Textile quality to get better - Rs 200 cr for textiles; Skill development programme for textile and garment sector.

Uncool - Fertilizers to get dearer - Fertiliser subsidy to be reduced.

Cool - Books & toys to get more affordable - Tax concessions announced.

Yahoo India News

If you are a Salaried Employee Just Look Below, what government is giving u.........

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