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Journalism of Courage
Consumers will have to pay more for petrol,diesel,cars,TVs,cigarettes,tobacco,air-conditioner,gold and silver as the government announced hike in excise duty as part of a partial roll back of stimulus measures announced for reviving the economy.
On the other hand,mobile accessories,medical equipment energy efficient CFL lamps,set top boxes,compact disc,toys and books will be cheaper.
In a relief to individual tax payers,the government changed the slabs cutting the rate to 10 per cent for income up to Rs 5 lakh,while leaving the threshold limit for tax-free income unchanged at Rs 1.6 lakh.
Indian Express.com asks its readers to don the finance ministers cap and tell us what they would have done differently.
