Budget of Pranab Mukherjee

Budget is a Govt. document, if passed by Parliament, it is binding. Sometimes, ammendments are done before it is passed. We rely or not - it is the "statutory".

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 : Service Tax on Transportation waived, reduction of Market Borrowings by Govt., attepts 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.

---  Rise of prices of Cement may harm common man

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

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

So here if you see I do not think these rebated needs to be necessary I think it is the time when you can really get ahead of others. And I think he is doing the mistake once again as he has done before.