Name: Anand Madhav
Age: 27 years
Occupation: MBA Student, Goa Institute of Management
Annual income: Less than Rs 3 lakh
What was the biggest financial blow you had to endure in 2012?
Keeping in line with rising rates, the interest rate on credit card dues moved up to as high as 56% at present, which is quite a lot in today’s time.
Would you welcome a tax on the super rich?
Increasing the tax burden on super rich may prove to be a retrograde step. FM should rather focus on widening the tax base and reducing the non-plan public expenditure.
What would you most like the finance minister to do in his upcoming budget?
I expect more rationalization of the tax policies and implementation of Direct Tax Code (DTC). FM should aim for fiscal consolidation and bring down the subsidy burden while being sensitive towards the pockets of lower and middle income households.