FBT on ESOPs should have been repealed

ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Top Headlines

Top Videos

Most Popular

• I took calculated risks for higher growth: Pranab  

• Udayan's View: Budget 2009, a game of patience 

• A study in comparison: Education budget up Rs 7K cr 

• Face The Budget: Political response to Budget 09-10 

• The verdict: CNN-IBN panelists rate Pranab's Budget  

• Reform hopes dashed, market watchers feel let down  

• I-T exemption limit raised | FBT rolled back | Taxes and you 

• Pranab skips two paras of Budget speech, apologises 

• Bengal benefits, Mamata and Pranab budget for their state 

• Income tax limits raised; farmers, exporters get sops 

• Watch: Dalal Street reacts to the Budget 

• Budget: Pranab's chance to create his own legacy 

• FM has done a fairly good job: Narayana Murthy 

• Budget to focus on social spend, growth 

• Education reform will be for all Indians: Sibal 

• The Budget That Isn't: Cyrus gears up for Budget 

• EVMs are tamper proof, says Election Commission 

• Watch: Railway exams disrupted in Mysore, Banglaore 

• Watch: Maneka writes to PM over threat to Varun's life 

• One-upmanship: Sonia, Pawar in foodgrain politics 

• Life saving drugs, LCDs cheaper; Set-top-box costlier 

• Buy that big car: SUVs, petrol trucks to cost less 

• Defence budget unchanged; Army gets lion's share 

• Minimum Rs 30 lakh needed to be called wealthy 

• TAX BREAKS, WELFARE SCHEMES IN COMMON MAN'S BUDGET 

• Common man gets a treat, over 15 schemes 

• Health budget up by Rs 4,000 cr, 6 new AIIMS in cities 

• Bengal benefits, Mamata and Pranab budget for their state 

• Full text: Union Budget 2009 

• Software industry gets tax benefits for one more yr 

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

I applaud the Finance Minister's focus on education in the 2008-09 Budget. Also, the reduction in tax burden on aam aadmi gives more money to ordinary people where it will be spent quickly, helping the economy.

FBT on ESOPs is unnecessary and I am disappointed this has not been repealed. I am also disappointed by the lack of relief in corporate tax and an extension of STPI tax relief to small IT companies.

I am disappointed at the 16 pc growth in the Central Plan to almost 180,000 crores; the laudable focus on education and health will not be achieved as the money will only feed an inefficient and corrupt government system that has been tried, tested, and failed.

Overall, this is a disappointing Budget that focuses on re-election. It does little to strengthen the engine that is pulling millions out of poverty every year: the private sector. I hope the Government does not starve the hen that lays the golden egg.