Comments on: Thoughts On Indian Union Budget 2009-10

By: mack

mack — Fri, 10 Jul 2009 04:41:40 +0000

According to me Fringe Benefit Tax has been abolished so it will help all companies and the luxury bus operators who transported passengers either interstate or intra state will now be tax free.

By: Shuvashis

Shuvashis — Tue, 07 Jul 2009 03:53:41 +0000

To me this budget is like the traditional Congress budget, the welfare state kinda.
On the whole its encouraging.

Its really heartening to see govt focussing on rural India, as we all know, rural India is really “the next big thing”.
Govt job is not to give stimulus to industries but to create the proper environment for better business. I kinda feel, this whole “meltdown” thing has brought many of our inabilities to front. And thanks to FM, for reminding us that the tough days are yet to over.
In the run up to budget the market was betting quite high since the poll result came forward. It had no real base, to me, the correction was inevitable.
Also, wonder why people are crying over stuff that are not budget related, its just a estimate of income and expenses.
Be it divestment, fuel policy, sale of spectrum, impetus to industries etc. are not direct budget issues. They are taken care by administrative measures.
In this neo-liberalisation age, I feel depending so much on govt shows our weakness, must be cured soon, coz, good times hides all these and next time it would be more complex.

By: Aditya M.

Aditya M. — Tue, 07 Jul 2009 02:03:31 +0000

I agree with you totally. The budget presented was more for long term reason than short of gains. And rightly pointed that Govt job is to create better environment for business to grow rather than providing economic stimulus.

By: Sampad Swain

Sampad Swain — Mon, 06 Jul 2009 11:44:26 +0000

Rightly pointed out that Mr. FM has tried for subtle populist measures but conjoining it with equitable growth and long term sustained development.

Appreciate your splitting down of Budget's key points into more in-depth pithy analysis.

Cheers!

—
@Sampad

By: Suvojit

Suvojit — Mon, 06 Jul 2009 11:38:34 +0000

The budget is definitely a trigger to our move ahead, but what i think is one should look at it in different prospects.So it can be like individual growth, poverty removal, relief for much troubled farmers, further strengthening our battalion etc etc..and ya a boost for the sectors trailing becoz of rupree depreciation and other such factors..
so lets try to categorize them in a more clear line….
1.IT exemption to 2.4Lakhs and 1.9 lakhs for seniors and womens respectively + 10% surcharge scrapped–clearly shows the encouragement by the govt towards personal lines and upliftment of the women category..
2.Commodities and FBT scrapped–Its been a long demand from the corporate sectors since its implementation.
3.Drugs of heart diseases to become cheaper–again a welfare move
4.Reduced price of branded jewellery–promoting the gold sector
5.Customs duty halved in LCD panels–promoting sales
6.Higher investment in infrastructure–this actually fuels the growth for a strong economy
7.one rank, one pension for ex servicemen(very essential)–inequality in this had led to tremendous opposition from all rank people in our security set-up
8.Promoting the concept of Unique identification number
9.Interest subsidy for home loans upto Rs 1 lakh :Helping in one's personal front
10.Interest subsidy on educational Loans:Better encouragement for all economic groups of people
11.Saral-II forms to simplify taxation process:Helping individuals from tax hassles
12.Bringing an equilibrium between the global and domestic crude prices
13.Allocation of Rashtriya Krishi Vikas Yojna stepped up by 30%
14.Hike infrastructure investment to over 9% of GDP by 2014
Now i think one can better think of it as an "Aam Admi ka kahani" as termed by the honourable FM.