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Celebudget: wow & ouch

Deepika Padukone

• Average annual income (say last five years): Not to be revealed
• Average annual tax paid (say last five years): Not to be revealed
• What’s the wow factor in the budget? I think the best thing is the reduction in prices of small cars. A lot of people can now switch from two-wheelers to cars
• What’s the ouch factor in the budget? Nothing really. I think it’s a more or less neutral budget
• Anything you’d have liked the finance minister to do and he did or didn’t: Nothing to say
• Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds, bank deposits, bonds. And why? Real estate. There’s a boom and it makes sense to invest now
Do you rely on professional advisers or decide yourself? Mix of both. I take advice but go for something I am convinced about
Any business investments? Perhaps movie business, restaurant, commercial property, a stud farm or horses? No
Any wild idea or place you simply would love to invest in? Property on the French Riviera
Advice for amateur investor: Think property and stocks. And watch your money and know where you are putting it

Alyque Padamsee

Average annual income (say last five years): No comments
Average annual tax paid (say last five years): I pay whatever tax my taxman says I have to pay
What’s the wow factor in the budget? I’ll give some wah factors and woe factors:
Wah — More small cars on the roads
Woe — More traffic jams
Wah — Active smokers weep
Woe — Passive smokers smile
(I myself am one, so I don’t have to bother about cigarette prices going up)
Wah — Foreign air travel cheaper
Woe — More businessmen travel to Bangkok
Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds,
bank deposits, bonds. And why? Property and stocks, in that order. And maybe small cars
Do you rely on professional advisers or decide yourself? Yes, I have a professional investment adviser. Otherwise, it’s too risky
Any wild idea or place you simply would love to invest in: Dance bars all across the country except in Maharashtra
Advice for amateur investor: Follow the business news on TV and invest accordingly

Nafisa Ali

Average annual income (say last five years): I have no fixed income. I don’t earn much. Whatever I do, I give away to charity
Average annual tax paid (say last five years): I pay according to what I earn from a film or campaign
What’s the wow factor in the budget? There is no wow factor in the sense of India Shining. It’s a budget for the people. Focus has been on healthcare and social reform. The prices of drugs for HIV have been cut
What’s the ouch factor in the budget? I’m not a technical expert on the budget
Anything you’d have liked the finance minister to do and he did or didn’t: If the FM has not done it already, he should allow HIV drugs to be available for free in all government hospitals across the states
Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds, bank deposits, bonds. And why? I don’t have much income. My only investment is a flat
Any wild idea or place you simply would love to invest in: Not really. I invest in my AIDS patients

Suhel Seth

Average annual tax paid (say last five years): I pay a huge amount in tax. And 104% duty on my imported cars
What’s the wow factor in the budget? It’s most insipid and uninspiring
What’s the ouch factor in the budget? I don’t understand why newspapers should not pay service tax while TV channels have to pay it, and why ad agencies should
Anything you’d have liked the finance minister to do and he did or didn’t: Fringe benefit tax should have been abolished
Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds, bank deposits, bonds. And why? I only invest in fixed deposits
Do you rely on professional advisers or decide yourself? I rely on myself
Any business investments? Perhaps movie business, restaurant, commercial
property, a stud farm or horses? I only run an ad agency
Advice for amateur investor: Don’t follow what I do. Do what you want and face the
consequences

Shobhaa De

Average annual income (say last five years): No comments
Average annual tax paid (say last five years): No comments
What’s the wow factor in the budget? Frankly, it’s a budget that is totally lacking in “oomph” — we expected more from Mr Chidambaram. There is no wow factor either, unless you’re dying to buy a small car
What’s the ouch factor in the budget? The ouch factor is missing, so we can breathe easy. I only hope that donations to religious institutions being exempt from tax
won’t encourage tax-dodgers to become pious overnight. A 2% hike in service tax is bound to raise hackles. On the whole, a cautious, lacklustre, insipid budget, which brings neither smiles nor snarls to our faces
Anything you’d have liked the finance minister to do and he did or didn’t: I was hoping for a Viagra-driven budget — this one has taken a sleeping pill
Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds, bank deposits, bonds. And why? No comments

Rituparna Sengupta

Average annual income (say last five years): No comments
Average annual tax paid (say last five years): No comments
What’s the wow factor in the budget? I’ve been shooting non-stop and I don’t really know anything about it
Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds, bank
deposits, bonds. And why? I go by what my husband suggests as I am not clued in to all these schemes. We would go for stocks and bonds
Do you rely on professional advisers or decide yourself? My chartered accountant looks into all the details. That apart, I take my husband’s advice
Any business investments? Perhaps movie business, restaurant, commercial property, a stud farm or horses? Yes. My film and TV production company — Bhavna Aaj O Kaal
Any wild idea or place you simply would love to invest in? Nothing to say
Advice for amateur investor: Nothing

Prahlad Kakkar

Average annual income (say last five years): No idea
Average annual tax paid (say last five years): I pay a huge amount of tax — about Rs 8 lakh a year
What’s the wow factor in the budget? Reduced excise duty on idli mixes smells of nepotism, but increasing the limit of FIIs in corporate debts from $0.5 billion to $1.5 billion will make a huge difference. If the government has the will, it may translate to improving infrastructure
What’s the ouch factor in the budget? None. It’s a safe and “soppy” budget because there are sops for everyone
Anything you’d have liked the finance minister to do and he did or didn’t: Cut down government expenditure. That money should go into improving infrastructure
Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds, bank deposits, bonds. And why? I’m not an investor. My money is my pleasure
Do you rely on professional advisers or decide yourself? They’ve stopped giving me
professional advice
Any business investments? Perhaps movie business, restaurant, commercial property, a stud farm or horses? I cook slow food, not fast food. I’m looking at a large place for a base kitchen that would supply several of my restaurants
Any wild idea or place you simply would love to invest in: I want to buy an island
Advice for amateur investor: Buy land in cities and sit on it

Bipasha Basu

Average annual income (say last five years): Off the cuff, I cannot reply
What’s the wow factor in the budget? Removal of fringe benefit tax on the amount companies pay brand ambassadors. I’m also happy that cigarettes will cost more
What’s the ouch factor in the budget? The 12% service tax. It will hurt everyone, including ad agencies
Anything you’d have liked the finance minister to do and he did or didn’t?
He has not given any tax breaks to the common man
Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds, bank deposits, bonds. And why? Real estate. Also mutual funds, jewellery, stocks and LIC policies
Do you rely on professional advisers or decide yourself? Yes, but the final call is mine
Any business investments? Perhaps movie business, restaurant, commercial property, a stud farm or horses? I plan to look at a restaurant option
Any wild idea or place you simply would love to invest in? A farmhouse for my parents in interior Goa
Advice for amateur investor: Go for mutual funds or tax-free government bonds

Dia Mirza

What’s the wow factor in the budget? I didn’t like the budget at all, what with increased service tax and business class foreign travel getting costlier. There’s nothing wow for me
What’s the ouch factor in the budget? For actors like us, service tax is a big thing. Whatever we earn, 30% goes as income-tax, then you have service tax and we even pay 10% to our managers. So it’s like 50% is gone just like that. It’s like two of us have gone for a meal at a five-star hotel and the government is eating the meal
with us.
Anything you’d have liked the finance minister to do and he did or didn’t: By bringing down the price of small cars, more people would be buying cars. That would mean more traffic, which in turn would mean increased pollution. So that’s something I didn’t expect
Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds, bank deposits, bonds. And why? I primarily invest in mutual funds. Although I have started trying out the stock market, I’m not so much into shares because I find it very scary
Do you rely on professional advisers or decide yourself? I decide myself with a little help from here and there
Advice for amateur investor: No comments

Cyrus Broacha

Average annual income (say last five years): Cannot be disclosed. Company pays me so little that it wouldn’t be polite to do so
Average annual tax paid (say last five years): Same thing
What’s the wow factor in the budget? Petrol price hasn’t gone up. But it’s conditional happiness, like being with a girl who is about to break up. The rest I will read in the papers tomorrow
What’s the ouch factor in the budget? Service tax. Perhaps, Chidambaram didn’t take the right medication, or it was the heat. But otherwise, things that affect me, which usually affect a five-year-old, like sweets, are unaffected
Prefer to invest in: real estate, gold and jewellery, stock market, mutual funds, bank deposits, bonds. And why? My father handles them. He’s older
Any wild idea or place you simply would love to invest in? An adult magazine. Gambling should be legalised
Advice for amateur investor: Stop buying unnecessary stuff. Or, invest in me

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