Much ado about...
Budget 2006 is just two days away. And news channels are falling over each other in debating what the Finance Minister is going to say.
Personally, I couldn't care less. Yeah, I would be happy if he brings down tax rates, lowers excise on imported goods etc. That can and should be covered in a couple of hours of programming. However every news channel has been inviting people from the higher echelons of industry, who would only say "Well, last year we expected some decisions from the Government. Our industry badly needs this to compete globally. We hope the FM listens." Yeah, as if...
My uncle, a trained economist himself, wants to reserve his comment on the budget. All that he told me was "The FM will say what he is going to say. These news channels have nothing better to do, so you get deluged by people who think they can go one up on him."
Jessica Lal...
This is something for which I will salute the media. They have done a fantastic job in terms of bringing it to the viewer, and making his voice heard. Given the kind of response from the public (the NDTV count had crossed 110,000 as of last evening), the case might be reopened. How different the end result will be, we don't know. Nevertheless, this signals a great beginning.
Pudhiya Dhinakaran
Sun Network's newest offering is the new Dhinakaran newspaper, which hits newsstands today. In usual Sun style, there is so much advertising, both in TV channels and on radio. "Super ma!" is the tag line. As I don't read Tamil newspapers, I won't comments. However, I found one particular line in the ad funny. "Dhinakaran irundha andhasthu!" Which means "Dhinakaran is a status symbol!" At one rupee...
Personally, I couldn't care less. Yeah, I would be happy if he brings down tax rates, lowers excise on imported goods etc. That can and should be covered in a couple of hours of programming. However every news channel has been inviting people from the higher echelons of industry, who would only say "Well, last year we expected some decisions from the Government. Our industry badly needs this to compete globally. We hope the FM listens." Yeah, as if...
My uncle, a trained economist himself, wants to reserve his comment on the budget. All that he told me was "The FM will say what he is going to say. These news channels have nothing better to do, so you get deluged by people who think they can go one up on him."
Jessica Lal...
This is something for which I will salute the media. They have done a fantastic job in terms of bringing it to the viewer, and making his voice heard. Given the kind of response from the public (the NDTV count had crossed 110,000 as of last evening), the case might be reopened. How different the end result will be, we don't know. Nevertheless, this signals a great beginning.
Pudhiya Dhinakaran
Sun Network's newest offering is the new Dhinakaran newspaper, which hits newsstands today. In usual Sun style, there is so much advertising, both in TV channels and on radio. "Super ma!" is the tag line. As I don't read Tamil newspapers, I won't comments. However, I found one particular line in the ad funny. "Dhinakaran irundha andhasthu!" Which means "Dhinakaran is a status symbol!" At one rupee...
posted by Vijay Krishna Narayanan | 2/25/2006 05:52:00 PM
4 Comments:
It is customs duty on imports and excise duty on manufactured goods in the country
Adding to what Mr. VV said abt Budget 2006, look at the inefficiency of government in not able to bring down the tax rates especially the excise on manufactured goods even after the companies are producing more volumes in the last two years. In some cases, volume of businesses have grown by more than 50%.
Surely, the popular media is not doing its bit in educating the common people about these simple economics.
I am anxiously waiting for the Budget, not that I am a budget analyst, but I want to see how "Shining" or "reformist" this budget is as projected by the FM and expected by the Media!
Budget is given a lot of unnecessary importance and exposure in India. You are right about Jessica- Times of India has started a special blog for the purpose - Unity is strength
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