What do you think about Indian budget 2009-10 ?

I think the Budget should have given more incentive to infrastructure sector.The kind of fillip that the market was expecting is missing.No policy announcement on divestment was dampener for the stock market.

Even the raised exemption limit of Rs.10,000 in personal income tax is hardly any relief given the high prices in the markets, though the abolition of fringe benefit tax is a good step.
The finance minister should have initiated bold measures to boost economic revival given the current circumstances and especially since the economy is on a comeback trail.

And check for the latest news on Budget 2010 here....What are the expectations of budget 2010-11?

There was lack of clarity in the budget speech of Pranabda. The disinvestment of PSU's was not made clear which PSU's to be divested. He tried to woo the investors by extending the tax exemptions limit by Rs.10000 and waived of the 10% surcharge on the tax by seems it didnt had a deep effect on the investors. A taxpayer merely saves 1030 on tax if his income is under 10lakh rupees

As well he should more focus on implementation of the policies declared rather than only declaring policies as "actions speaks better than words". So the govt. needs to have a clarity on the implemtations of the policies by streamlining the process and monitoring the progress in all the plans and policies declared by setting a deadline for the working committee to submit their reports on the progress of the work

This budget was just a formality by our FM. As Jyoti rightly said, nothing much is been announced, this seems as a vote of account.

The government did not gave any concerete measures for revival of the economy, not much in the infra space too, 10k incerese in IT limit was like people are demanding to incerease so it is incereased, it is not even 1000/ month, the FBT was scraped but the MAT was incereased by 5% to 15%.

Even the most awaited was the scrap of SST , that too did not happen, what was scraped was Comodity Tax, which does not affect us at all.

So i believe that the FM has given the budget just for the sake of giving it, and the markets have reacted sharply to that...

This time finance ministry has not given sufficient time for the Budget. It is quick launch like T -20 cricket and T-20 News. Fm also covered 20 aspects in the budget.Homework is not enough on Budget 2009-10, it shows that this year Govt is taking very lightly of public expectation because of good result in this election. FM was not willing to take more pain to work on Budget.

Still I feel that whatever is been presented now FM & Govt should concentrate their time on real execution of Budget and control. Govt make lot of schemes and plans but didn`t reach up to the end user or beneficiaries.

Lets hope for proper execution.

The reason is that we were expecting the budget to be like an instant noodle packet instant relif from very thing,that not possible because of the previous finincial crises,which we have almost forgorten I guess,this budget is a foundation layer to the future development of india and its citizens,there is no aam admi and khas admi when the indian economy will do well all will benifite from it as its a chain shared benifit as we all know about it.

A LITTLE ATTENTION HAS BEEN GIVEN BY THE FINANCE MINISTER TOWARDS THE INCOME TAX REVISION,AS THEY WERE EXPECTING FOR,PRESS HAS ALSO POINTED OUT THIS AFTER BUDGET,I POINTED OUT THIS DURING BUDGET DEBATE WAS IN PROGRESS

A VERY LITTLE CARE HAS BEEN GIVEN TO MIDDLE INCOME GROUP PEOPLE THAN THEY WERE THINKING,IT HAS BEEN HIGHLIGHTED BY PRESS ALSO.

The budget has no growth prospect. It has given some little for everyone. It has taken away 10% cess on Hight networth individual personal taxes. It has raised the minimum tax level to 190000 for middle class. It has given 3 ruppe rice to the poor. For the Begars nothing no shelter or food, just begging for till next year. Hopefuly this culture will some day learn to take care of the Widows and Orphans.

In my opinion budget was not so good not so bad…perhaps it was expected. as govt has to take care of the huge expenses made during the elections. Now the matter of 10000 debate on IT as many of raised this point here…I just say if you multiply this amount by the number of tax payer in India ..can you calculate the overall tax rebate or loss at national fund.

Although there should be some measurement take care by government to stop the price hike that is rapidly increasing now a days.

And as Sandesh well said that “finance ministers can only draw a road map,and manage the taxes collected and expenditure to be done” , only we have to see how effectively government is implementing their plans. Now they are on prime focus and their task will decide their future.

In my opinion Govt should have concentrate on infrastructure developemnt in the rural areas which will help in repid growth of the country in initial few years but later will support in excellent growth. This budget is missing that. Another area of focus on alternate of fuel. I was expecting from this Govt some hard steps since it has better majority. Steps towards development of development in rural areas so that burden on the metros can be minimise and people will have the same infrastructre far from metros with fresh environment. 

disappointment comes when there is great expectation.budgets are a non events like most of the committee meetings which achieve very little.budgets by itself cannot achieve anything.it is what is done to implement the intend.(what is th eintend of the people in government) unless there is a intend to improve the finances you cannot have great budgetary papers.they are good selling point for media,press..and coverage for some industrialist and economic experts.

when you have such a huge cost structure to do business how can you expect economic growth.business shold have profits left after they pay rents,salaries,taxes,fees,depreciation,unsold stock,outdated stocks.bank interest.mamuls to the government officials,high cost of electricity.cost of modernisation,cost of change in technology and so many other cost.

what happens after the budget have you ever analysis after the budget how much of the intend has been achieved.how many jobs created.how much development achieved.were did we fail to deliver,why and what has to be done to make the delivery of th eintend effective.

when it is a fact that only a few paise of the intended funds reached the poor what have we done to correct that.

what have we done to correct the incometax laws which are determinet to growth.

what have we done to the thinking in the government officials people making huge money are wrong,profits are bad words.the person making profits only will be in a position to pay tax and provide employment.and create demand.we tend to stiffle enterprenuers and treat thme with utmost disrespect.burden them with 110 ways of taxes and a need to follow 1000 rules.someone who is sitting the whole day in th e shop just to see that you would get what you need in your homes and offices.is treated with a way which makes him a rougue.he has to follow so many laws..so many taxes to follow that means so many rules.poor guy should do his business or become a lawyer.at times he is suppose to know more them what our lawyers and chartered accountants them self do not know.

profession tax,tds,income tax,sales tax,cenvat,excerise duty,vat,sur charges,labour laws,mch laws,stt,stamp duty,turnover tax.muncipal taxes,it is not just provide and paying this taxes he is suppose to know the rules too.

finance ministers can only draw a road map,and manage the taxes collected and expenditure to be done.it is a statement of intend.and our past budgets have gone away from the intends so many times.

so it does not matter anyways,they are not serious about anything.

it brings them in front of cameras and implementation is were the most important thing is ,which lies in the hands of public as beurocrates,as tax payers.as demand creators,as savers.budget can only give you estimates and intends .what is done after thebudget that counts.

when the world is ssuffering from liquidity crisis this the time for governments to infuse liquidity in the system. India budget 2009-10 was a step towards it. by deficit fiscal policy we can infuse more money. but this great deficit should not be monetised more than 20 percent if government wants to do it. all other moves have been taken to lead india towards a better business and society tomorrow.

normally in all budgets we see that poor people have been always marginalized but this budget have incorporatd all individuals of india. i think in the budgets to come government can do a lot for the people who are still not in main stream like minorities, and tribes.

when the world is ssuffering from liquidity crisis this the time for governments to infuse liquidity in the system. India budget 2009-10 was a step towards it. by deficit fiscal policy we can infuse more money. but this great deficit should not be monetised more than 20 percent if government wants to do it. all other moves have been taken to lead india towards a better business and society tomorrow.

normally in all budgets we see that poor people have been always marginalized but this budget have incorporatd all individuals of india. i think in the budgets to come government can do a lot for the people who are still not in main stream like minorities, and tribes.

when the world is suffering from liquidity crisis this the time for governments to infuse liquidity in the system. India budget 2009-10 was a step towards it. by deficit fiscal policy we can infuse more money. but this great deficit should not be monetised more than 20 percent if government wants to do it. all other moves have been taken to lead india towards a better business and society tomorrow.

normally in all budgets we see that poor people have been always marginalized but this budget have incorporatd all individuals of india. i think in the budgets to come government can do a lot for the people who are still not in main stream like minorities, and tribes.

I belive its a good budget  for the future They had given lot for the rurla sectors of india  which is very much needed in the current situation .