[QODLink]
Asia

India's wealthy voice concerns on economy

The country faces an economic slowdown and it is thought tax rises may be on the budget agenda.
Last Modified: 28 Feb 2013 01:50

India's finance minister is due to announce a new budget, and the country's wealthy businessmen are worried they may lose out.

Many of the affluent are watching closely whether the government increases taxes on the rich in the budget due on Thursday.

India's finance minister P. Chidumbrum says he plans to focus on economic revival by motivating business and industry.

The budget is being prepared against a backdrop of grim economic indicators.

Al Jazeera's Sohail Rahman reports from New Dehli.

80

Source:
Al Jazeera
Topics in this article
People
Country
Featured on Al Jazeera
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
3D printers can cheaply construct homes and could soon be deployed to help victims of catastrophe rebuild their lives.
Featured
Pro-Russia leaders' election in Ukraine's east shows bloody conflict is far from a peaceful resolution.
Critics challenge Canberra's move to refuse visas for West Africans in Ebola-besieged countries.
A key issue for Hispanics is the estimated 11.3 million immigrants in the US without papers who face deportation.
In 1970, only two mosques existed in the country, but now more than 200 offer sanctuary to Japan's Muslims.
Hundreds of the country's reporters eke out a living by finding news - then burying it for a price.