The New FM in Office – YES MINISTER
Legal Corner Icon — the image was hosted by the publisher and was not captured.THE new Finance Minister, Pranab Mukherjee has taken over. DDT welcomes the new FM, who has a really tough task ahead. He is seen with his core team. But what are all those sharp pencils for?
Pranab Babu though looks so serious is not without his tinge of humour.
While exempting khandasari Sugar, Mr. Pranab Mukherjee said in one of his budget speeches, “I am told khanadasari sugar is good for health and if this improves the health of the nation, the credit should come to me and not to my colleague, the honourable Minister for Health” PranabMukherjee, while exempting pressure cookers from excise duty, said, “Housewives in India, as elsewhere, have been complaining for some time about the rise in their expenses. As a measure of economising on their fuel bills without affecting the nutritional and, hopefully, the gastronomic value of what they cook, I propose to exempt totally pressure cookers from excise duties. They would now find someone else in their kitchens letting off steam.”
ORIGINAL return was field by the assessee on 31 st August, 1992 at an income Rs. 74,190 /- and the same was assessed on 27.1.93 on the returned income. Thereafter notice u/s 148 was issued on 30 May, 2001 against which assessee filed return of income on 6.6.2001 declaring same income. The name of the assessee is Shri . Pranab Mukherjee - please see -
Unfortunately Economics and Finance of 2009 are vastly different from what they were in the early 80s. And so is politics! Will the senior most Member in the Cabinet be able to deal with the political economy? And this Budget has to be a thanksgiving budget.