WHATS BAD ABOUT THE BUDGET 2010

BUDGET 2010 by VS Subramaniam

THE SENIOR CITIZENS ABOVE 65 YEARS ARE COMPLETELY NEGLECTED. WHEN THE TAX LIMIT WAS INCREASED TO 160000/- , FOR SENIOR CITIZENS
ABOVE 65, THEIR TAX LIMIT SHOULD ALSO BE INCREASED FROM 2,25000/- TO 250000- AT LEAST
IT IS A GREAT INJUSTICE SHOWN TO THEM

Not addressing national issues by Dipak Srivastava

The FM has ignored the 3 most emergencies overshadowing the country:
1. Under development of tribal/ backward areas that have become a hotbed for Maoists.
three National Issues. Even though our Railway min did give token recognition, our FM has blissfully ignored the problem.
2. National defence : anybody's guess as to when war with China and Pakistan may flare up. We shall be caught highly unprepared discussing growth rates and Sensex, while the vital statistics go for a toss. FM has not spared a thought for National Security.
3. Inflation: Any body's guess when India can go the Mexico/ Malaysia way as far as sky rocketing inflation is going. It is virtually accepted by every other minister that it cannot be controlled in the short term. What are we waiting for? for inflation to touch 60% before we start acting. All eyes are on whether stimulus will go or not, any guess as to the extent of counterfeit currency notes in circulation. Rs. 1,14,000 crores last estimate by RBI. Any surprise why inflation is going up without control?

Aristocratic Budget by VIJAYAKUMAR

It seems traditional Old man (Pranab) has faith in creamy layers only those will give support to India both financially and morally. Others have only to vote but not to taste the cake (benefits) from the Govt.

What about educated youth employment ?
What about Landless laborers ?
What about Infrastructure development ?
What about Urbanologist ?

Still 70% of Rural People seeking employment in nearby Urban areas by which transportation is wasted (using different mode of travels like bus/car/two wheelers etc. by which petrol/diesel & man hour&man powers are wasted). More over pollution increases alarmingly. If Govt plan to start suitable industry in the nativity of rural / urban areas then there will be sufficient saving of health & wealth of these people.

Again Govt is paving path to way warding youth.

God only has to save our youth/nation.

Budget 2010-11 by Rajagopalan Krishnan

The budget as usual has the intricate deception. On one hand Mukherjee is giving Income-tax benefits to the salaried class, on the other he has increased the price of gold, automobiles, diesel,petrol, MAT etc. which will definitely have a cascading effect on the common man. When I say common man I am talking about the poor people and people whose income is lower than 1.6 lacs. Government babus are comparatively richer and the unscrupulous staff in excise and income tax department will definitely make a hay while the sun shines! There is no drastic measure on the teeming population nor there are any measures to tackle the skyrocketing food prices. This budget again favours the builders and not the home seekers as the racket involved in the housing and black money churned out in the deal is still untackled. It is common knowledge in each deal minimum 10 to 50 lacs are made in black by the builders and the buyers have no hesitation in shelling out the money in black. It is very difficult to either eradicate poverty or corruption in India with the present government machinery. I am sorry the budget is totally a far-fetched and impracticable one which superficially looks good at a glance. If India has to catch up with the west they have to arrest the teeming population and give enough space for people to breath fresh air as the cities are becoming concrete jungles. In fact the houses are not bought by the needy but people who want to double their income in short span of time.

Not for common Man by chanchal chakrabarti

This budget will please all those, who are paying taxes and in organized sector. what about those who do not fall in any tax bracket. Increase in diesel and petro products will have cascading effect on prices of all commodities. It is the common man who has to bear the burnt for that. common is already reeling under 17% inflation in food and vegetables and I feel it will now go up to 20%. That is the Common Man's budget, my foot.

Given one hand snatched with other hand pankaj ruparel

Given a little tax concession it will only benefit who's income is more than 3Lakhs. Other hand increase the rate of Petro and Diesel and Coal. Within the month the electricity, transportation will increase. Automatic cost increase rate increase. Service tax introduce in Health related service from Hospital. No. tax will be paid by insurance co. If they pay they certainly increase the premium.


Not a Cheering Budget. by Rahul Singh

Pranab babu has once again proved that today's budget goes all out to support the rich investors and the relatively comfortable economic strata of the country. In any case the rich or the higher middle class is hardly bothered by hike in Petroleum products and the inflation, but the middle class and AAM AADMI is certainly hit by the hike in Diesel and Petrol prices as this will have cascading effect on the inflation of all most all the commodities. As such the common man is hard pressed with the high inflation of food items. This will only add fuel to the fire and make the middle class life miserable. The opposition walkout from the Parliament is justified and the government needs to push back the inflation as an immediate priority lest the have nots start looting the haves leading to lawlessness all over.