Indian Budget 2005, India Union Budget , Union Budget of India, Union Budget 2005-2006, Budget expectations, Run up to budget 2005-06, Agricultural income, tax structure, Wish List, Tax reform

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EXPECTATIONS OF VARIOUS GROUPS FROM THE BUDGET 2005-06

Left Parties Demand Taxes on the Rich and Corporate
With respect to interest rates, the main concern is whether the liberal policies initiated in the past will be continued or will they be reversed.
Expectations from the budget in relation to the housing sector include the trend of the interest rates.
In the sphere of Tax and stamp duty, the big question is whether or not the tax concessions will continue
Another expectation from the coming budget is that it will include measures to boost rural housing
India's military has its own long wish list, which they feel is necessary to modernize country's armed forces
India-Inc hopes the following from the budget 2005-06
It is expected that the Budget 2005-2006 will be substantially different from the budget 2004-2005, especially in tax arena. The tax structure in India has to be substantially given a face-lift, making it more simple and stable
Tax savings and other small deposits schemes are likely to get a new orientation in this budget
In the IT Sector, there is a need to unveil a clear roadmap for boosting the creaky infrastructure in the national budget to help the sector achieve sustainable and robust growth in the years ahead
The budget is expected to bring out wide ranging reforms in the agriculture sector
Industrialists are expected to pitch for long awaited labour reforms, but the trade unions are likely to speak against them, particularly when employment opportunities are shrinking in the organised sector
The economists are expressing their concerns on the burgeoning fiscal and revenue deficits
Further easing in FDI norms are expected
The government may launch a Rs 10,000-crore employment guarantee programme for urban areas in the Budget
The budget is expected to take steps to push savings rate by 2-3 per cent from the present 24 per cent of GDP to mobilise additional resources for pushing up investment
The Indian chemical industry would like investment made to set up power plants to be treated as infrastructure investments.