Calculating Budget

FM has gone the rural road to bring the economy on track. Very promising moves on the paper but will allocating more money on every turf achieve anything. Nothing was said on the primary education. Our kissan will have more options for product selection but no education.

If for the rural it was the heart but for the urban it was the mind. Tax benefits dominated but look closely the most talked about, FBT is now an additional burden on every tax payer; the govt. will anyway get what it was getting earlier. The slabs have been a minor adjustment.

Funding of the rapidly increasing deficit is going to be half from borrowings and money printing. Bringing 3.4% of GDP in the market will rocket the already high CPI of which the budget did not speak it only brought WPI in its key features. And the fact remains that the common is more concerned with CPI and not WPI.

FM and his delegates have made some very firm assumptions while writing our kharcha pani. Global oil prices will not rise, why I don’t understand. 3G auction will raise a huge amount well this is fairly a good one. Disinvestment will be a money raiser and he still covers a meager 1200cr and given the way every disinvestment gets halted it should not be a major pillar to back on.

There was one very funny tax exemption for petrol trucks, how many trucks did he see running on petrol in the country. Clearly an act only to benefit maruti’s, omni cargo. Also, tax exemption done for gas(don’t remem exactly) but looked more for RIL.

Anyways students like me have only one way of calculating budget, whom to repay more this month. And for MBAs passing out next year there are clear signs of “amdani aathani kharcha rupayiaa”.