99 thoughts on “Budget 2016- PM Modi gets 7.5 out of 10”
Prerna Shukla
Only the interest on EPF will attract tax and not the entire contribution so not much to fear about for the contributors. And this tax on interest will be after April 2016 not for before prior interest.
There is no hike in interest rate slab and no increase in tax free limits on investments and savings. Bit disappointing for lower middle class who even pays all indirect taxes no matter what.
Government says that only 2% population pays tax so they cannot take care of all government expenditure. Actually proper taxes are not even collected. IT and Excise inspectors take bribes.
The entire concept of this budgetary system is a big fail.In past 6 decades budget comes every year with same announcements for road and other things still nothing changes in India.
One of the most promising budgets after the liberalization budget. Populism has been shunned by finance minister and concrete steps taken to develop country on infrastructure and farm economy.
The analysis is appreciable. However, the stress should be on widening the base of Tax Payers which is lacking and there is no visibility of effort in this direction. There is a game going on amongst Political Parties to settle their score without caring for the poor.
Many questions arise from this budget. How will the legalization of aadhar work, how will the black money settlement policy work, what about ease of doing business for new start-ups? More clarity please.
No clear policy on retrospective taxation. This was the issue in last budget as well. One year on and the government has no clear idea on how to deal with the matter. Modi scored 0 here.
Biggest takeaway is for Indian farmer community and they actually deserved it too. They grow cereals for us to eat yet they remain dejected. Its time for their development.
I agree with the MGNRGEA analysis. It is not about giving that scheme more money but it is about making sure that money goes to people who are in need. Leakages are to be checked.
This will be the first budget on which even the opposition had to say some words of praise because this is inclined towards rural India. Thumbs up for PM and Jaitley.
Elections in many states have taken away the share of middle class and entrepreneurship community which is distributed to rural inhabitants. This is a pure election based budget.
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Only the interest on EPF will attract tax and not the entire contribution so not much to fear about for the contributors. And this tax on interest will be after April 2016 not for before prior interest.
Very well analysis done of Budget in the positive way. I support your views
There is no hike in interest rate slab and no increase in tax free limits on investments and savings. Bit disappointing for lower middle class who even pays all indirect taxes no matter what.
Government says that only 2% population pays tax so they cannot take care of all government expenditure. Actually proper taxes are not even collected. IT and Excise inspectors take bribes.
The entire concept of this budgetary system is a big fail.In past 6 decades budget comes every year with same announcements for road and other things still nothing changes in India.
This is a praiseworthy budget from all angles. It is not like budgets of Congress or rail budgets of Mamta and Lalu which were purely populist.
Pretty good article projecting towards bigger and shadowed area.
One of the most promising budgets after the liberalization budget. Populism has been shunned by finance minister and concrete steps taken to develop country on infrastructure and farm economy.
The analysis is appreciable. However, the stress should be on widening the base of Tax Payers which is lacking and there is no visibility of effort in this direction. There is a game going on amongst Political Parties to settle their score without caring for the poor.
Many questions arise from this budget. How will the legalization of aadhar work, how will the black money settlement policy work, what about ease of doing business for new start-ups? More clarity please.
No clear policy on retrospective taxation. This was the issue in last budget as well. One year on and the government has no clear idea on how to deal with the matter. Modi scored 0 here.
Biggest takeaway is for Indian farmer community and they actually deserved it too. They grow cereals for us to eat yet they remain dejected. Its time for their development.
I agree with the MGNRGEA analysis. It is not about giving that scheme more money but it is about making sure that money goes to people who are in need. Leakages are to be checked.
This will be the first budget on which even the opposition had to say some words of praise because this is inclined towards rural India. Thumbs up for PM and Jaitley.
Elections in many states have taken away the share of middle class and entrepreneurship community which is distributed to rural inhabitants. This is a pure election based budget.
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