Welcome, Guest. Please login or register.

Login with username, password and session length




June 24, 2018, 08:32:11 PM
Funfani.com - Spreading Fun All Over!INFORMATION CLUBInformative ZoneFinancial LiteracyBudget: What's cheaper, what's costlier
Pages: [1] 2   Go Down
Print
Author Topic: Budget: What's cheaper, what's costlier  (Read 5511 times)
0 Members and 1 Guest are viewing this topic.
Ryan Martis
FF Hero
*****

Karma: 86
Offline Offline

Gender: Male
Posts: 38649



« on: July 11, 2009, 04:21:13 AM »


The Budget has been tabled in the Parliament. What effect it's going to have on your daily budget? Take a look at this slide show to find out how what's cheaper and what's costlier.

Are you a chain smoker? If so, seriously think about kicking the habit.

For, apart from affecting your health, smoking is going to burn a hole in your pocket as well with the finance minister proposing to raise duty on non-filter cigarettes during his Budget speech in the Lok Sabha on Friday.

Non-filter cigarettes, which were enjoying favourable tax regime, will now be brought on par with filter cigarettes which attract higher taxes.

For the smaller non-filter cigarettes not exceeding 60 mm length, the excise duty has been increased nearly five times to Rs 819 per 1,000 cigarettes from prevailing Rs 168.

But for the longer cigarettes, the excise duty has been increased by over two and half times to Rs 1,323 from Rs 546 for every 1,000 sticks.

An Indian man smokes a cigarette in Mumbai.

Report to moderator   Logged
Ryan Martis
FF Hero
*****

Karma: 86
Offline Offline

Gender: Male
Posts: 38649



« Reply #1 on: July 11, 2009, 04:22:13 AM »


If you are happy with Budget proposals placed in the Lok Sabha on Friday and want to throw a party, go on.

With Finance Minister P Chidambaram's proposal not mentioning anything about the liquor prices, there's no need to think about the price tag of your favourite drink.

A prospective buyer looks at the prices of high-end Indian made liquor at a retail outlet in New Delhi.
Report to moderator   Logged
Ryan Martis
FF Hero
*****

Karma: 86
Offline Offline

Gender: Male
Posts: 38649



« Reply #2 on: July 11, 2009, 04:23:00 AM »


Were you planning to get yourself a new car? Well, wait till April 1.

For, Finance Minister P Chidambaram has proposed a reduction in the customs duty on small and hybrid cars during his Budget speech in the Lok Sabha on Friday.

Chidambaram has provided relief to auto manufacturers of hybrid cars by reducing the excise duty on them from 24 per cent to 14 per cent.

These cars are currently not on sale in India, and use a combination of electric motors with gasoline/diesel engines to enhance efficiency and reduce pollution.

Effective April 1, the move paves the way for manufacturers such as Honda Siel, Toyota India and Mahindra & Mahindra to immediately launch their vehicles that were on display at the Auto Expo in January.

These include the Honda Civic hybrid and the Mahindra Scorpio hybrid, while Toyota have displayed the technologies surrounding the Prius in past years.

Both the Prius and the Civic will enter through the import route, while the hybrid Scorpio will be developed and locally manufactured.

The Budget 2008-2009 proposal makes Tata's small car Nano more affordable.
Report to moderator   Logged
Ryan Martis
FF Hero
*****

Karma: 86
Offline Offline

Gender: Male
Posts: 38649



« Reply #3 on: July 11, 2009, 04:23:42 AM »


Have you been eyeing that glossy two-wheeler at the roadside showroom?

Instead of window shopping, you can actually buy it now with Finance Minister P Chidambaram reducing the excise duty on two wheelers while presenting his Budget proposal in the Lok Sabha on Friday.

Indian visitors walk past a modified Royal Enfield motorcycle displayed at the Bikex India 2007, an expo of two-wheelers in New Delhi.
Report to moderator   Logged
Ryan Martis
FF Hero
*****

Karma: 86
Offline Offline

Gender: Male
Posts: 38649



« Reply #4 on: July 11, 2009, 04:24:27 AM »


Have you been postponing the purchase of a new washing machine? Is your purse not permitting you to get hold of a frost free refrigerator?

Well, thanks to Finance Minister P Chidambaram, you can now fulfil your wish.

"The manufacturing sector is the backbone of any economy. It is consumption that drives production and it is production that drives investment . . . I believe there is a need to give a stimulus to the manufacturing sector," Chidambaram said while presenting the General Budget for 2008-09 in Parliament on Friday.

He announced a 2 per cent general cut in excise duty on all consumer goods.

Finance Minister P Chidambaram has proposed a 2 per cent general cut in excise duty on all consumer goods.
Report to moderator   Logged
Ryan Martis
FF Hero
*****

Karma: 86
Offline Offline

Gender: Male
Posts: 38649



« Reply #5 on: July 11, 2009, 06:43:49 AM »


The Budget spelt good news for manufacturers of sports goods and exports of gems and jewellery, helicopter simulators, domestic fertiliser production.

Finance Minister P Chidambaram proposed varied customs duty sops for makers of these items.

Shoppers walk past a sport good retail outlet in New Delhi.
Report to moderator   Logged
Pages: [1] 2   Go Up
Print

Jump to: