FM after FM are moving in to the parliament year after year on Budget Day with Briefcase in hand. They even do a photo op for the waiting journalists and photographers. While the security defending the parliament are worried about the terrorists from across the border, they do not know how lethal the briefcase and the budget papers carried inside are, as far as the common man is concerned.
There was this bomb to raise the petrol price by Rs.3/- even when the crude prices are falling in international markets. It is supposed to provide 22,000 crores while the exemptions for corporate called "incentives" were 5.7 lakh crores. The formal sector have generated only a couple of million jobs in the last 20 years, while gobbling 54 lac crores.
The Budget Day is practically Diwali day for the rich and corporate. Heads they win and tails we lose. They even hire 'consultants' to snoop and know decisions before hand and make money on the same.
The ordinary people know nothing when is the Budget Day or its significance. They have decided to and fend for themselves like the flower seller or vegetable vendor selling their goods door to door. It is this sector which generates 12.8 crore jobs with practically no funding from government or PSU banks.
There is this interesting article in The Hindu dated 02.03.15 by economist S.Gurumurthy titled "Game Changers in the Budget".
Like UPA, BJP too are pro-corporate and rich. Therefore like UPA, BJP too will be flushed down like the earlier group of MMS/Chidambaram by the corporate themselves when the brand images of their counterparts like Modi/Jaitley takes a severe beating. But the lives of people would have seen no change and even be worse.
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Location: God's own country
Posted on: 03-03-15 01:38:04
Whatever may be, this budget is the only one in 4 years when the stock market did not turn negetive after it was announced.
In India, no one is praising this budget nor is anyone condemning it.
People are saying that it has nothing for faremers, nothing for the common man etc.. but no one is complaining
Industry is loving the budget.
Murali
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I am a Gents and not a Ladies.
Quote:
Originally posted by tamilkuravan
Whatever may be, this budget is the only one in 4 years when the stock market did not turn negetive after it was announced.
In India, no one is praising this budget nor is anyone condemning it.
People are saying that it has nothing for faremers, nothing for the common man etc.. but no one is complaining
Industry is loving the budget.
Murali
Out of India's 125 Crore population , I wouldn't be surprised if 70 % or 2 in 3 , Indians DON'T even know what a budget is & have NO idea it was just released.
They HAVE no clue what it is or how it affects them . Budget is just for the classes NOT the masses, Its for the people who got to a MULTI SCREEN to watch a movie NOT to a SINGLE SCREEN to watch a movie.
So its NOT for people who watch a GOVINDA movie in stalls/balcony ..Thank You.
Quote:
Originally posted by tamilkuravan
Whatever may be, this budget is the only one in 4 years when the stock market did not turn negetive after it was announced.
In India, no one is praising this budget nor is anyone condemning it.
People are saying that it has nothing for faremers, nothing for the common man etc.. but no one is complaining
Industry is loving the budget.
Murali
That the stock market represents the growth or fall of the Indian economy is a myth created by MMS/PC combine. Hardly a few % of Indians invest in shares. With instruments like participatory notes there is only a flood in and out of black money. Jaitley has conveniently looked the other way on this even though his party man Swamy is shouting from the roof top. The latter calls PN "a perfidious financial derivative", refer his article again in The Hindu dated March 2, 2015, "A Framework for Recovery and Growth". When a senior leader like Swamy has such strong views on PN, the BJP should have addressed the issue in the Budget. Either Jaitley should be thrown out or if he is right as per Modi, Swamy should be removed from the party. Soon that will be only Swamy, because of the handicap of money bag weights that Jaitley carries.
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