sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Budget Extravaganza »
 How Union Budget 2018 impacts individual taxpayers
  How Budget 2018 will be different due to GST
 This is how Budget 2018 announcements may help you save tax
 Here's why the government advanced the Budget date
 Will Budget 2018 Reduce Your Income Tax? 10 Expectations
 How Budget 2018 will be different due to GST
 Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds?
 Startup eco-system looks forward to the budget for addressing tax dilemma
 High time to prioritise non-tax revenue in the Budget
 Govt may abolish dividend distribution tax in budget
 Budget making in the GST era: paradigm shift

Budget'09 is a disappointment
July, 10th 2009

The All India Bank Employees Association (AIBEA), representing more than 7.5 lakh bank employees across the country, has demanded increase in the interest rates for savings banks deposits and improvement in the Bonus and Gratuity Act.

"The Budget presented in the Parliament by Union Finance Minister Pranab Mukherjee talks of reducing the interest rates on loans. The Budget has proved to be a disappointment," C H Venkatachalam, General Secretary, AIBEA said.

The Budget is totally silent on the issue of fifty lakh workers losing their jobs, he said.

"No budgetary allocation has been provided for real employment generation and also no outlay has been proposed for increasing the public investment so as to spur the demand," Venkatachalam said.

Even though the Budget does not spell out the details of the reform agenda, the government is all set to implement the reforms. In PSUs, encouragement of people's participation in disinvestment is nothing but an open door for privatisation, he said.

"For public sector banks, though promises have been made for capital infusion, the Budget did not provide any allocation outlay," Venkatachalam added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions