Are you pleased with Pranab Mukherjee's India Budget 2010?

Does not matter if a single person is happy with the Budget'10 or not. Question is : may the common man be happy ?

When we study the Budget in depth, we see that interests of common man has been harmed more than has benefited them :-

Common man benefited : Increase in Incometax ceilings and decrease of rate ( most of the population is not salary earners though ). Extension of repayment of Farm Loans, Indirect benefits : Some more allocations for social sectors, Service Tax on Transportation waived, reduction of Market Borrowings by Govt., attempts for Financial consolidation, increased allocation for Social Sectors, incentives for inhouse R & D

Common man harmed : Rise of Diesel, Petrol and Coal prises. May have wide ranging effect on prices of all commodities and electric bills. Further, increase of Excise on all other items may bring further inflation.

Look  ... deliberately these items were chosen to tax the common man, all and sundry, through out the entire country, the have-nots and lower middle class who are to pay every time and every day, to gurner money for Govt. exchequer. Even they have no 'forums' to protest, no interest lobby to speak for them. Its completely unfair as these section of people are the end users of lots of items sold in our country. Thus these may "harm" the industry and service providers too.

---  Gold import excise duty - may increase prices of jewellery.

---   Service Tax on restaurants and on tutorial homes, in house properties transactions.

It will be not a helpful budget,

I think they feared of forthcoming election, so they are in hurry to imply forthcoming prices too. Thats how a futureustic foresighted govt should works. by implementing future prices in present. I think, they are few step ( not one) ahead at least in this matter.

It has been only said before, But now, They proved that "they are Elitist" in this years budget. This so called economist PM destroyed all the hopes of common people to get relief from price hike. In this budget, in accordance with the international market, its clearly shown that petroleum price hike is only in good will of benefits of some petroleum co.'s. 

Dear Nakul,

Criticism does not and is never meant to be in the word to convey ENTIRETY. The appropriate word meant when to mean in entirety is, Condemnation, which is certainly not the case here since we are discussing.

Now, let's question "What are limitations in curbing Government's wasteful expenses? or would you say there are NONE.

Dear Abhishek,

And we all thought a coin would loose weight by circulation.

So the budget is for middle class at the cost of poor. Right and the Poor Man lacks voice so he should not be heard. Would you say "The Poor anyway does not have the need or right to travel. Thus Only the third point mentioned may find appreciation from majority that going by statistics that it is more than 85percent that is missing benefits. 

What requires to take due note of is:  Has the government shown any inclination to check corrupt practices by creating some planned mechanism or machinery? or has the Government shown an incline to reduce their own expenses before going ahead to sermonize the citizens that "Cost of progress have to be paid." Now let us ask and analyse if this progress is for the country or SELF, through another raise in salaries and perks.

A lot of dynamic changes were expected like uniform tax code and abolition of GST but nothing came out. Just a dressing up and increasing the petrol price and excise duties on some products adding to inflation and misery of common man.

The AAM AADMI needs more, this budjet doesnot satisfy his needs

This budget is not for common man in India. Hike in price of petroleum products and construction goods like cement etc are directly increase the cost of all the consumer goods. The price increase a commodity at same chance for excess import of same material, this will affect rupee rate. 

i am impressed with pranabs one statement ...

i left ciggarrettes .. so you leave this habbit .. and i am making them costlier ..

if i feel the urge again ITC will gift me free cartons ..

 but you all buggers will have to pay more to the joint wala ..

bhalo bhachey ..tuk muk luke ..

Whatever the honble finance minister may have achieved with the budget was undone by the fuel price hike. He declared that he has not put new taxes on fuel. He has only removed an incentive that was given during bad times.

That does not helop the common man who has to fill his tank and make it last. An increased flow of funds out of your purse is an increased expenditure no matter what the reason.

It is a sensible budget. but the price hike is not good. it will only add to the 17% inflation.

Finance Bill 2010 is contradictory to national Housing policy in as much as it sought to impose Service tax @10.20% on Construction of Residential complex. This will make Houses dearer. The benefit extended u/s 80IB is more than confiscated by imposing service tax. Housing is already burdened with VAT, Development charges, stamp duty, registration charges. House property are sold through registered sale deed and Builders don't issue Invoice to buyers of newly constructed property on first sale. Babumosai created a fiction of inserting service tax in a transaction which is predominantly sale. Recently, Fiscal mishandling of Real Estate Market in Greece has resulted in economic catastrophe. Make Houses cheap and when you give with one hand don't take back with other hand.

I agree with Sonam

i dnt think it is a aam admi budget because increase in petrol prices will adversely affect the budget for common man

we cannot assess the whole budget through the income tax rate of Individual. The FM make a good step in the individual class by extending slab levels 5 lakhs and 8 lakhs. But FM not increased the deduction eligibility under section 80 to Insurance, this will affect the insurance based business. In the case of price increase in petrol, cement etc will leads to price increase in all the commodities and it will affect whole persons in India. The price increase of automobile, cigar etc will leads to excess import same goods, this will leads the excess payment

Tax rate increases and decreases and their are a hell lot of options of saving it.Hard to predict how will  this affect the common man  .What made me sad was a mere 300cr allocation for the agriculture impetus !!!

every year we face scanty rainfall, harvest isn't as expected ,this somehow later adds up to the price . These days we talk about  endangered species like ( Tiger , rinocherous etc..) imagine  a day when we get to hear when some fruits become so scare (in terms of their output , planting , time to market etc..) that  the govt declares then endangered !!!Serious mesuares need to be taken in the agrcultural industry. Also water havesting projects on a massive scale and renewable energy usage is something needed at this point of time .ALl in al this budget fine but gave peanuts where water melons were required !!

Yes Not a Common Man's Budget.

If you look in totality, I dont think the budget is "pro poor".  Many sops for rich and richer and major strata of society is left high and dry.

Signal to licence new banks is not to be welcomed.  We have good number of banks (including Nationalised Banks) who are competitive enough both in terms of service and technology.  Addition of new banks may increase unholy competition amongst banks, which may become futile for the industry.

I think we must study over all aspects of budget then we can say that Pranab da is right or wrong

absolutely i am disagree with this budget.just increase the exempltion limit should not the only goal of govt. what a common people will gain from this budget?it is just showing achievement but it will not lead to the solution of the aam aadmi's problem.further rise in price increases the problem of a person.the government is not focusing on the main issues like price rises.so i am not supporting it.

pranab did not support for the I.T industries. The very famous Congress slogan " CONGRESS KI LAAT, AAM AADMI K SAATH" ......... oh SO sorry " CONGRESS KA HAATH, AAM AADMI K SAATH..."

it quite relaxable for  high earners, but not for common people.

This is Not Pranab's Budget, this is Sonia's budget. Congress can never even think of giving a common man's budget. They know their business well. and common man is never in their cards. Ever...