(These are my Instant reactions after the FM finished his speech)
Given the circumstances, I would say that it was a fair budget. What is not transparent is from where will the funds come from for all those expenditure?
It is not necessary that all policies need to be tabled only along with the Budget. Probably when the workings are over, one can expect certain policies to be introduced, especially with disinvestments.
A typical over-reaction by Investors. Hopefully sanity will prevail soon and they will start realizing that it was a fairly neutral budget.
Every Industry wants sops, every individual wants tax benefits. Has anyone thought from where these will be funded. India Debt is above reasonable levels. Look at the portion of the expenditure the Interests are eating up.
Corporates need to be more understanding instead of just demanding and demanding always. My advice to them is not to compare the Sops and other benefits given by other countries to their respective industries during this global economic slowdown. After all, Indian economic situation is better than many of them in the world. Every economic situation warrants suitable solution and not a one common solution for all.
I shall read the full text later and then express my opinion.
Given the circumstances, I would say that it was a fair budget. What is not transparent is from where will the funds come from for all those expenditure?
It is not necessary that all policies need to be tabled only along with the Budget. Probably when the workings are over, one can expect certain policies to be introduced, especially with disinvestments.
A typical over-reaction by Investors. Hopefully sanity will prevail soon and they will start realizing that it was a fairly neutral budget.
Every Industry wants sops, every individual wants tax benefits. Has anyone thought from where these will be funded. India Debt is above reasonable levels. Look at the portion of the expenditure the Interests are eating up.
Corporates need to be more understanding instead of just demanding and demanding always. My advice to them is not to compare the Sops and other benefits given by other countries to their respective industries during this global economic slowdown. After all, Indian economic situation is better than many of them in the world. Every economic situation warrants suitable solution and not a one common solution for all.
I shall read the full text later and then express my opinion.
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ReplyDeleteThis Govt has a full mandate for next 5 yrs..... So they obviously could take the risk wo worrying about polls in between etc....... and neednt have been so neutral
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