At first glance, the finance minister appears to have done enough to enjoy the support of India’s burgeoning urban middle class. The long awaited change in the IT slab with the kind of boldness last displayed in 1997, needs to be commended. This will clearly lead to substantial tax relief for an income tax payer […]

After three years of a good run, 2008 has proved to be a tough period for the Rs. 25,000 crore consumer durable industry. Consumer durable prices across segments are its lowest in the country since the past five years. Despite the recent hike in input prices, companies were not able to pass on the hike […]