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Budget 2010 & me......
Posted by Ashish Kr. Chaudhary
on
6:31 AM
Its march & Mukherjee babu is back with his magic suitcase.An advocate & teacher some time, Mr. Pranab mukherjee has his roots in bangla congress , a communist ideology political party so a populistic budget is something we indian always expect from pranan da.
This time, star of the budget for service class is tax slab revision. it actually affects the money i am going to get in hand but should i enjoy ? well lets see a holistic picture .we are just over with 6th pay commission (ofcouz we "Non sarkari" people dont have much to cheer in that case) so govt already pumped so much liquidity in market through vast pool of govt . employees now this tax slab revision add to that effect but thing is commodities are limited so more money less item to buy result in more inflation .story does not end like this more inflation more illegal stocking of items like food grain , commodities etc. result more inflation.
but pranab da is intelligent man he know that in india a finance minister is like a magician who know how to play "one hand give , one hand take" & best part of game we clap on this coz this is our annual budget so finance minister played with his magic wand and added some new tricks like fuel oil price rise ,excise duty rise on auto sector. other money taking trick are still in background those can be implemented in stages ("sau saunar ki " seem to be less painful than "ek lohar ki") & we should be ready for that.
money moves like this & we call this game " economy ".
namaste!
This time, star of the budget for service class is tax slab revision. it actually affects the money i am going to get in hand but should i enjoy ? well lets see a holistic picture .we are just over with 6th pay commission (ofcouz we "Non sarkari" people dont have much to cheer in that case) so govt already pumped so much liquidity in market through vast pool of govt . employees now this tax slab revision add to that effect but thing is commodities are limited so more money less item to buy result in more inflation .story does not end like this more inflation more illegal stocking of items like food grain , commodities etc. result more inflation.
but pranab da is intelligent man he know that in india a finance minister is like a magician who know how to play "one hand give , one hand take" & best part of game we clap on this coz this is our annual budget so finance minister played with his magic wand and added some new tricks like fuel oil price rise ,excise duty rise on auto sector. other money taking trick are still in background those can be implemented in stages ("sau saunar ki " seem to be less painful than "ek lohar ki") & we should be ready for that.
money moves like this & we call this game " economy ".
namaste!