India's businesses, already facing high interest rates and a global economic slowdown, worry that the finance ministry will ask them to shoulder a bigger tax burden in the budget set for release on Friday to trim the fiscal deficit.
After a drubbing in recent state elections, the government has little room to cut subsidies costing 2.5 per cent of GDP. But without fiscal consolidation, the Reserve Bank of India will have a harder time lowering interest rates without stoking inflation.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/indias-businesses-fear-more-taxes-budget-2012
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/asian-age-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/budget
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/finance
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/infrastructure-development
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-security
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/land-acquisition
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/environment
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/south-korea
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
