So it was formally announced today ‘Budget 2009’ presented by our finance minister Pranab Mukherjee, it was something that everyone was really waiting for, ok honestly not everyone, because that really reflected with all biggie news channels getting the who’s who of the corporate world to talk and discuss the allocations, deficits, subsidies, tax cuts or implementation etc, there were other opinions but they were for filler’s sake, but on second thought most of the above mentioned terminologies often sound as jargon to the aam aadmi and what he really and simply wants to know is, what during the financial year is going to cost him more and what’s going to cost him less and what is it that he will pay as tax from all that he earns. And no I ain’t a financial expert who’s going to spell out all our esteemed minister has presented, I am here to simply put forth my opinion in blogophere about what I felt about Budget 09.
For starters each year the budget gets bigger and bigger and this bigger is apart from the actual amount, which this year surpasses 10Lakh crores, it get bigger in terms of expectations and hype that surrounds it, and that is all market triggered, as the so called trades at our indices are looking for news at almost every micro sec I’ll bet. In continuation the markets reacted in the negative as they didn’t seem to get ‘news bit’ that they were really looking for, so the mood seem damp everywhere as the market seem to simply have a ripple effect on the country when its suppose to be the other way round.
While the experts figure out the fine print, and come out with their various interpretations, about how this budget is going to pan out and be implemented, I for one believe that the budget 09 was an inclusive one, and for starters, it’s a roadmap for what we should look for in the next 5 years, something that leaders with a vision foresee for you and me, given that we have given them the mandate in the electoral and you can’t really please all the people all the time, and when you’re talking a 100 Crore plus people, its simply not going to happen.
So in the lay man terms, the LCD TV, bigger cars, some imp basic medication drugs are going to be cheaper, while gold, silver and set top boxes are going to hurt your pocket. Women and senior citizens have something to cheer about as the exemption limits for income tax on them have been raised by 10k and 15k respectively.
I truly hope that this budget is actually implemented as presented and not simply be spoken as of, there is wide gap today in India, and this gap is so evident, that progress can only be achieved if it is inclusive. So as an aam aadmi and a citizen of this country I hope that the gap between Bharat and India narrows to the thinnest, thus catapulting our nation on the top of the world.
For starters each year the budget gets bigger and bigger and this bigger is apart from the actual amount, which this year surpasses 10Lakh crores, it get bigger in terms of expectations and hype that surrounds it, and that is all market triggered, as the so called trades at our indices are looking for news at almost every micro sec I’ll bet. In continuation the markets reacted in the negative as they didn’t seem to get ‘news bit’ that they were really looking for, so the mood seem damp everywhere as the market seem to simply have a ripple effect on the country when its suppose to be the other way round.
While the experts figure out the fine print, and come out with their various interpretations, about how this budget is going to pan out and be implemented, I for one believe that the budget 09 was an inclusive one, and for starters, it’s a roadmap for what we should look for in the next 5 years, something that leaders with a vision foresee for you and me, given that we have given them the mandate in the electoral and you can’t really please all the people all the time, and when you’re talking a 100 Crore plus people, its simply not going to happen.
So in the lay man terms, the LCD TV, bigger cars, some imp basic medication drugs are going to be cheaper, while gold, silver and set top boxes are going to hurt your pocket. Women and senior citizens have something to cheer about as the exemption limits for income tax on them have been raised by 10k and 15k respectively.
I truly hope that this budget is actually implemented as presented and not simply be spoken as of, there is wide gap today in India, and this gap is so evident, that progress can only be achieved if it is inclusive. So as an aam aadmi and a citizen of this country I hope that the gap between Bharat and India narrows to the thinnest, thus catapulting our nation on the top of the world.