With Union Finance Minister Arun Jaitley is all set to present the Union Budget today.
Entrepreneur
Name: Manoj P Kudtharkar
Age: 33
Profession: Founder of 1000 Petals,
Omkar Printers Pvt Ltd
Annual Income: Rs 5 crore
Household: Owns a house in Jayanagar. Has 2 kids
Entrepreneurship is the buzzword, when it comes to ‘Make in India’ and other projects of the Centre. Though the business community has welcomed the initiatives, they seek clarity in the programmes implemented. With intense competition, incentives should be provided to small and medium enterprises, they feel.
5 expectations for myself
Scrap tax bill on goods and services. It is not profitable for anyone
Create awareness about Central government schemes, don't just announce them
Train business houses and entrepreneurs about new taxation norms
Reduce housing loan rates to 6-7 per cent from the existing 12-13 per cent
Ensure uniform registration and taxation for all firms, including ones registered as Hindu Undivided Family
5 expectations for the nation
Provide sufficient funds for infrastructure development, mainly in cities
Reduce taxes levied under various names
Find a permanent solution to the power crisis, which affects the manufacturing sector
Encourage organic agriculture and ensure enough funds for the same
Extend the same facilities provided to billion dollar firms to small and medium enterprises
Real estate
Name: Shrinivas Rao
Age: 45
Profession: CEO-Asia Pacific, Vestian, workplace solutions firm
Annual Income: Rs 1 crore-plus
Household: Owns a flat in HSR Layout
Though the real estate and housing sectors have witnessed a considerable boom in the past decade, firms have faced several issues owing to low occupancy rates of completed projects. While several firms are facing a crisis, they expect that announcements made during the Union budget will bring cheer.
5 expectations for myself
Give more clarity on Dividend Distribution Tax (DDT) or revoke it
Uniform tax structure for e-commerce industry — the biggest consumer of commercial real estate across the country
Make provisions for infrastructure development on the outskirts of metros
Provide clarity on implementation of GST
Allocate funds or allow easy financing options to developers planning projects in this residential category
5 expectations for the nation
The government must make available healthy tax saving on housing loans
Tax exemption limit should be increased and the tax benefits on schemes encouraging end user to insure their homes could be encouraged
Offer financial protection from project delays to home buyers
Encourage property insurance premiums
Government should pay heed to scaling up the tax deduction limit on housing loans
Home Maker
Name: Shanthala Ravishankar
Age: 40
Annual Income: NA
Household: Stays with husband and two children in a house they own in Nagarbhavi
Rising prices of groceries is one of the primary concerns for homemakers, and they hope that this year's budget would have something to offer on this front. They also urge the Centre to reduce fuel prices and fix a cap on school fees, which has become a burden for parents.
5 expectations for myself
Petrol price should be reduced
Power tariff should be reasonable
Reduce service tax in restaurants
Lower prices for dal and edible oil
Place a cap on school fees
5 expectations for the nation
There should be ample budget allocation for road laying
Focus on agriculture to ensure better price for produces of farmers
Invest in higher education institutions so that students would not have to look for institutions abroad
Focus on clean cities
Build public toilets
Health and Medicine
Name: Dr Anand Subramanyam
Age: 46
Annual Income: Rs 36 to Rs 48 lakh
Profession: Senior cardiac surgeon, Apollo Hospital, Seshadripuram
Household: Stays with wife, two children and his mother in Jayanagar
The health sector is among the most promising, as medical tourism is attracting patients from around the world for affordable healthcare. Demands are now being made to ensure healthcare for each of its citizens.
5 expectations for myself
There should be accountability for taxes paid
Set up a mechanism to know how tax money is being used
The government should knock off or relax luxury tax on medical care
Ensure that benefits reach the actual beneficiaries
The Budget should provide insurance for rare diseases
5 expectations for the nation
Focus on health and family welfare
Allocate more funds for education
Relax luxury tax on food and entertainment
There should be improved healthcare at the grassroots level
Make super-speciality hospitals address high-risk pregnancies
Business
Name: Maqsood Abdul Khader
Age: 60
Profession: Retail store owner on Ibrahim Sahib Street
Annual Income: Rs 2.4 lakh
Household: Stays with wife and son in Frazer Town
While e-commerce boom has swelled the profits of a few start-ups, small traders have suffered considerable losses as people have shifted to online market. At such a juncture, such traders demand security and a mechanism to ensure that their businesses are saved.
5 Expectations for myself
Reduce taxes and other factors, which increase commodity rates
Earmark funds to give special financial assistance to small traders
Spend more on the welfare of armed personnel guarding our borders
Government should help small businessmen
Oil prices should be reduced in tune with international prices
5 Expectations for myself
Improve educational status of minority communities in thecountry
Provide more funds to government schools and other government-run institutes
Allot funds to teach self-defence to women under the Nirbhaya Scheme
Put better law in place to prevent communal clashes
Give subsidy to educational institutes that cater to the economically weak