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ET Explains: The state of the fiscal in first six months

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These are THE TIME for the Indian Industrialists HONEST Promoters to do Business with Honesty and NOT hide CASH behind under the Cushion and show and PAY all duties and TAXES NATION First be the VERY AIM in LIFE and every Business person and PEOPLE be Honest to PAY their dues on Time will Change the way these RATING Companies LOOK at India Jai Hind Jai Jawan

only money which is in the market is what government circulate, apart from that half of that might be in swiss bank or some where else, reaming will be used by defaulters, now think who can help us out

we knew it even before moody or fitch or WB or IMF.I personally visited industrial areas in ankleshwar-vapi and saw thousands of small companies shut down forever.In mumbai,I saw construction activities abruptly stopped for a year and then picked up.I have also seen small clothing shops,groceries,dairies,mobile shops shut down due to high rents and no customers.

Kelvin King (Here) replies to realdeshbhakt

I used to work in Vapi/Daman for sometime and many factories like Batliboi which were running in full form somewhere in early 2000s are now seen catching rust. Completely dead.

The negative fiscal revenue represents the Modi government''s contribution to corporate tax cuts. Thanks to Modi.

srinivas

Pls wait till 2024....

Sumit

Reduce price of petrol and diesel so that everyone is left with some savings. When they spend, the country will move

Ramesh

FUNDAMENTALLY THE DEMON OF THE DEMO HAS THE AFTERMATHS EFFECTS.... AS THIS HAPPENS AFTER EVERY EARTH QUACKS...... THE RBI IS BEING LOOTED THE ROBIN HOOD METHODS N NOW PSUBANKS N SECTORS ON CARDS......... THEN WHY DO WE NEED THE GOVERNMENT ITSELF..... FOR FAILURES ONLY..... !??

is it that difficult to write in small caps.I mean ,every computer keyboard or mobile have clear option to change from all caps to small caps.

The bottom line is that Feku must not miss the fiscal deficit target yet again.

The author has ended the article hoping that the private companies who enjoy the benefits of recently announced corporate tax cut can pass on the excess income as dividends to boost consumption. However, I believe, that retail participation in India''s stock market is still so low that generous disbursal of dividends would only help the wealthy investors and would not have any effect on the income of masses.

author conclusions is "Deficits are not entirely bad." yes it is true.. actually it is completly very bad

K Dave (MUMBAI)

Dear NARENDRA MODIJI,STILL THERE IS A TIME. PLEASE DO FOLLOWING THINGS:1. INCREASE THE INTEREST ON FIXED DEPOSITD FOR SENIOR CITIZENS TO AT LEAST 10% P.A.compounded monthly WITHOUT ANY UPPER LIMIT OF INVESTMENT 2.REDUCE PERSONAL RATES OF INCOME TAX OF ALL SLABS AND CATEGORY OF INDIVIDUAL TAX PAYERS BY ATLEAST 10% 3.REMOVE DIVIDENT TAX4.REMOVE CAPITAL GAIN TAX YOU WILL SEE THE GROWTH IN CONSUMPTION IN 6 MONTHS AND THAT IS WHAT INDIAN ECONOMY NEEDSBY REDUCING CORPORATE TAX NOTHING IS GOING TO HELP NORMAL INDIVIDUALS IN THIS COUNTRYCOMPANIES CAN INCREASE THE PRODUCTION ONLY WHEN DEMAND GOES UP.

Ramaswami

who knows? is the answer for your heading!

Ramesh Pathak (New Delhi)

things dint get grimmer after Moodys changed its outlook. Things have been grimmer for a while now. Now that credit rating agencies i.e. (Moody''s owned ICRA) is suffering credibility deficit, all of sudden rating agencies have become proactive!

Spaceman

Mahesh hi....messages dont fill stomachs.

STOP LISTENING TO IDIOTS. BEST IS TO THINK FOR OURSELVES. LOSE THE STUPIDITY.

LETS PARTNER UP ALL ENGINEERING AND PROFESSIONAL COLLEGES WITH PRIVATE COMPAN IES AND TOP PSU''S IN INDIA. LETS SHARE ALL OUR RESOURCES AND KNOWLEDGE AND OUT INNOVATE ANYONE IN WORLD. DO START UPS AND PROFIT MASSIVELY. MAKE MILLIONS AND BILLIONS AND TRILLIONS. LETS WORK TOGETHER WIN TOGETHER & GET RICH TOGETHER. ONLY WAY TO WIN BIG IS COLLABORATE WELL. JAI HIND

The Other Angle (Mumbai(Bombay)) replies to Shri Mahesh

Arey ho, unchi unchi baaton se kisi ka pet bharta nahi, arey ho, Ram ke bharose kabhi koi bhooka marta nai

Private companies in india want to steal intellectual property and want it for free.I worked with few of them and know their mentality very well.Those companies who actually spend,they work with premier institutions but never use their research in production.India has serious lack of tool ,dies and machine makers.We also lack trained mechanics-fitters etc.

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