Indian Desk Newsalert

9 July 2009

Welcome to our fifth PricewaterhouseCoopers Indian Desk Newsalert.

The Indian Union Budget was presented by the Finance Minister on 6 July. This Budget is the first important step reflecting the Government's commitment to deliver on their electoral promises. Given the state of the current domestic and international economic climate, the Budget is a good balancing act between economic reality and political compulsions. It received a mixed reaction from the corporate world and the markets.

If you want to have a quick overview of the key highlights on direct and indirect tax fronts, download our ‘Indian Budget Flash’.

More detailed information on the Budget is available explaining the key proposals on direct and indirect taxes. It contains sections on recent policy measures, the Budget financials and policies in the pipeline. Download our 'Budget Booklet'

Furthermore, we are pleased to announce that we are also hosting a video webcast on this topic. Watch the webcast.

We trust that you find the above information useful. Please feel free to contact us should you have further queries.

Best regards,

Did you know?

India has a population of over 1.1 billion people amongst which 700 million are eligible to vote. The polls are conducted in 5 phases and last an entire month; it is indeed the largest and most complex expression of democracy in the world. The UPA coalition led by the Congress party has been voted in for a second term with a strong, decisive mandate.
Unconstrained by its previous alliance with leftist parties, Manmohan Singh’s new government has a free hand to implement economic liberalisation measures to drive expansion and growth in the country.

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