Indian Finance Minister Pranab Mukherjee will
present the Budget 2012 on Friday against a backdrop of slowing economic growth.
The government will have to do a balancing act, by raising taxes on some items
and give incentives to boost industries confidence.
The government may look at increasing its
revenue by way of rolling back stimulus provided during the 2008-09 crises, by
increasing excise duty on certain items and service tax net could be broadened and
also may increase customs duty on selected import items to boost local
industry. The finance ministry may also announce incentives to encourage higher
spending on research and development.
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lot more in the latest issue of Rubber4U
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