Nothing Extraordinary in budget for salaried and middle class as expected in view of no changes in personal taxation even after 4 years during which inflation spiralled up on field( tho not on govt on paper).Income up to 3.5L should have been made tax free.Standard deduction should have been 1lakh.only good feature is obsolete Bankinterest of 10000( since decade) is enhanced to 40000 aat least( desirable is 80000 and should be raised by 10000 every year to be practical).single woman with girlchild to be given concessions in higher education fee/preference over others in granting Laxmi laadla and other social benefits and employment etc.Tax on equity profits without benefit of indexation is not justified and discourages genuine investors to hold shares for more than one and half years,and stock market may turn bearishwhich is not good for iindustrialization.instead phrase it intelligently that no tax if held for 3 years,10% if held for one year,and 5% if held for 2 years
Re: Budget-impressions
by sekhar on Feb 01, 2018 06:54 PM
If budget proposals are framed in consonance with the change in cost index and value of money and the spiraling prices of essential commodities needed for living,and slump in bank interest rates,it could have been very good budget,but this is framed to keep voters happy in those states where elections are due .
Re: Budget-impressions
by sekhar on Feb 01, 2018 06:55 PM
If budget proposals are framed in consonance with the change in cost index and value of money and the spiraling prices of essential commodities needed for living,and slump in bank interest rates,it could have been very good budget,but this is framed to keep voters happy in those states where elections are due .
Nothing Extraordinary in budget for salaried and middle class as expected in view of no changes in personal taxation even after 4 years during which inflation spiralled up on field( tho not on govt on paper).Income up to 3.5L should have been made tax free.Standard deduction should have been 1lakh.only good feature is obsolete Bankinterest of 10000( since decade) is enhanced to 40000 aat least( desirable is 80000 and should be raised by 10000 every year to be practical).single woman with girlchild to be given concessions in higher education fee/preference over others in granting Laxmi laadla and other social benefits and employment etc.Tax on equity profits without benefit of indexation is not justified and discourages genuine investors to hold shares for more than one and half years,and stock market may turn bearishwhich is not good for iindustrialization.instead phrase it intelligently that no tax if held for 3 years,10% if held for one year,and 5% if held for 2 years
What is done for the PESIONERS? Nothing.Some relief would have been better. With cost of things including medicines reaching sky high levels Standard deduction is nothing.Do something,pensioners have no Black Money.Will it reach up to finance minister?
Do BJP wants to remain in power in 2019? This Budget may be ok for poor. But what about middle service class of people and senior citizen? Are You not considering them for 2019
Do BJP wants to remain in power in 2019? This Budget may be ok for poor. But what about middle service class of people and senior citizen? Are You not considering them for 2019
Do BJP wants to remain in power in 2019? This Budget may be ok for poor. But what about middle service class of people and senior citizen? Are You not considering them for 2019
Do really BJP wants to remain power in 2019 ? For poor, this budget may be ok. What about Middle class service classes and senior citizen? Not fair for 2019.
Re: This is good for rural development
by balivada jaganmohanarao on Feb 02, 2018 08:01 AM
If it reaches to poor ur point is excellant.But fact is something diffrent.This rural development money can be again black money. Education sector did not touch.Unless 100 % litracy attains all the rural sector funds will be used by undeserving persons. Now take the case of Health which is major activity in the budget.The funds will be lapsed and poor man will not get the benefit out of it.
Re: This is good for rural development
by balivada jaganmohanarao on Feb 02, 2018 08:02 AM
If it reaches to poor ur point is excellant.But fact is something diffrent.This rural development money can be again black money. Education sector did not touch.Unless 100 % litracy attains all the rural sector funds will be used by undeserving persons. Now take the case of Health which is major activity in the budget.The funds will be lapsed and poor man will not get the benefit out of it.
