Given the diverse set of constraints being faced by the economy and the government, the present budget meets most of the challenges. But if you analyse this budget on the basis of loss/gain to you, your state, your product, your business sector, your industry etc, you can't be staisfied-In other terms, no budget can satisfy all the stakeholders. But looking at a broader perspective, i believe, this budget meets most of the challenges.
By
Amit Kumar, Program Manager, EduMark Realty Education Services
| 03 05 2011 19:16:12 +0000
i think it mostly meets all chalenges what ever in India at present and in futher
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KARUNAKAR SHUKLKA, CFA
| 03 05 2011 09:11:47 +0000
Inclusive growth will happen only when our politicians spend time with their constituents understanding all their plights, ensuring all the schemes reach the downtrodden without demur! However, populist budget one declares, if the enforcement and implementation fails as per the purport and intent, major chunk will fill only the coffers of the mighty people not the poor!
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S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner
| 03 03 2011 04:21:47 +0000
In every budget, govt makes tall claims of development, now presenting budget is just a routine custom, and aims only to strengthen vote bank rather than development. See how crime, corruption, terrorism, population, poverty and host of other issues have surged but recede over the years. Why? There is no accountability and responsibility in the system, custodians of people are plundering public coffers, there are examples galore, like Raja, Kalmadi, Bhanot, Verma, Kapoor, Lali and many more. PM, Manmohan Singh, Sonia and others are mere mute spectator.
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Rajiv Azad (Common Man with Uncommon dreams), Manager, Communications, Branding and Content Development at Leading Hyderabad based Organization, Leading Hyderabad based organization
| 03 02 2011 12:12:52 +0000
I think under the circumstances this is the best budget presentation. One cannot make 1 billion plus population happy at any given time. With little knowledge i feel this is the best. Yes if crude pricing would have been in India Govt hands the budget would have been different.
By
Rathin Deb, Freelance Retail Consultant
| 03 01 2011 12:49:10 +0000
Points I liked are, - Low interest loans to Agriculture, subsidy in Agri equipments,infrastructures to preserve fresh vegetables/ food grains.
- Tax reduction to cell phone, laptop etc indirect push to IT
- Low interest rate loans for Housing upto 25 lac & 1% subsidy to 15 lac loans on interest.
- Cement prices to come down easing the Housing people to go for construction.
- Taxable income limit rise for employees.
- Salary rise to Ankanwadi employees / Mahalir kuloo(self help women).
- 5 point program for Blackmoney
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KALIYAMOORTHY , Oil & Gas Area Coordinator, Undisclosed
| 03 01 2011 08:54:02 +0000
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Krishna Sir There is different data available from different sources. i was talking about word bank. you can check this. http://en.wikipedia.org/wiki/Poverty_in_India http://www.nationmaster.com/graph/eco_pop_bel_pov_lin-economy-population-below-poverty-line
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Nitin Mehra, Software Developer, ROBOMAN MICROSYSTEMS
| 03 29 2011 06:55:37 +0000
The finance minister is supposed to present a budget which addresses the needs of all the sections of society. The economy is growing so is the inflation.The govt. has failed to rope in inflation and the most adverse impact is on the tax payers. The meagre increase of Rs.20000 in the income tax exemption limit, that too only for males is actually a decrease in the exemption limit compared with the inflation the common man is facing. The Honourable PM's remarks are political. I am a great fan of Dr. Manmohan Singh as the erstwhile Finance Minister, but not as the P.M. India is on the growth track just because of the policies he had framed as a Finance Minister.
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SANJAY PANDOH, Accounts Manager, GOVT OF JAMMU & KASHMIR
| 03 06 2011 14:54:21 +0000
"PM always think every budget is balanced,they allocating fund for welfare,but the increase of rates of basic essential commodities will effect the middle class people,backbone of India is middle class only,Nobody is interested or identifies or sort these issues,they submitting a mere number in budget"
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VIMALAN , Construction-Construction Management, PARSVNATH DEVELOPERS LTD
| 03 06 2011 14:38:56 +0000
if the objective of a government is considered to be governing the state with the resources that are mobbed from its citizens and that too if its character if defined as that of welfare, than not only this budget but every other budget of this great nation could very well be likened to the manifestations of the group of blind men venturing to describe the morphology of and elephant.
By
Manimaran Duraisamy, Account Services Executive, Department of Treasuries and Accounts.
| 03 03 2011 18:47:06 +0000
It is never possible in whole world to submit/propose a 'BUDGET' which is highly accapted by the people.If our PM thinks like this, it is just a political accaptance only.
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R N Bhattacharyya, Freelancer, Freelancer
| 03 02 2011 06:35:55 +0000
I always said that out fourty percent of population lives under the poverty line and most of the rest belong to lower middle class. the persons below poverty line dont understand what is budget and i think the most from lower middle class too. They are just struggling for their life, for food for clothes. few line of things in AC room will never provide the true things for country. if they want to produce the right budget. it should be in the sand of the villege. i.e. in reality
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Nitin Mehra, Software Developer, ROBOMAN MICROSYSTEMS
| 03 01 2011 20:50:58 +0000
Dear Disha, Where is fiscal consolidation? The revenue of 3-G spectrum is used for reducing the deficit from 5.4 to 4.6%. However, there is reduction in subsidy and there is no talk about taming inflation. The talk of fiscal consolidation is myth and to bring down inflation to 5% level in one year is not only imaginary but also jugglery and rhetoric with no substance.
By
Krishnamurthy Prabhakar, Professor, Velammal Engineering College
| 03 01 2011 11:24:14 +0000
Current PM is more political man and less finance man. This budget has nothing for common man. If we judge from giving and taking 2011-12 budget is giving less and taking more from common man.We can say this budget as blood-sucker budget.
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Abdul Moyeen Khan, Chief Accountant, Obeikan Glass company
| 03 01 2011 05:56:54 +0000
As the prime minister said " it does not please all". He is right. It pleases crony capitalists, corrupt politicians, income tax evaders, Swiss Bank account holders. For his 'they' are 'people', if they are satisfied it is fine others need not. The budget has not addressed the issue of current account deficit, spiraling of inflation, likely impact of petroleum product prices increase. What is has addressed nothing. As Koushik Basu has given a certificate that the budget is similar to advanced economy budget. Yes that is what is expected out of a paid employee of Government and not words of true economist. Please read comments by P.Sainath, and The Hindu editorial.
By
Krishnamurthy Prabhakar, Professor, Velammal Engineering College
| 03 01 2011 05:53:03 +0000
Sorry , Ms. Disha I totally disagree with your views. This budget have most of the things for businessmen/ business houses/ industries etc etc....... But they fail to satisfy the real Indian people / 'AAM AADMI". Congress ka hath, ab nahi aam aadmi ke saath.
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SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd
| 03 01 2011 05:25:36 +0000
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