India Budget 2007 - initial comments

Some initial reactions on India’s Union Budget 2007, presented by Finance Minister P. Chidambaram today.

Suryamurthy lists some of the key measures announced and some quotes such as these

Agriculture must top the agenda of policymakers. “There is no dearth of schemes, there is no dearth of funds, what needs to be done is to deliver the intended outcomes,” he said.

Dheeraj takes us through the impact of some of these measures, for example -

Education cess has been hiked from 2% to 3%. This move is distinctly unpopular. It leads to a cascade increase in all taxes.

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