India’s Budget 2013-14–Does it meet people’s expectations?


IMG_0001Obviously it does not, it is rather more confusing than being pragmatic. In fact, the public expected it and knew that they are not going to get what they aspired for. Nearly more than 2 dozens of Finance Ministers after the country’s independence in 1947, including the one presented by the then predecessor Interim Government in 1946 with the then Muslim League leader Liaqat Ali Khan (later Prime Minister of Pakistan) as the Finance Minister, have presented around 80 budgets with maximum being 10 by Morarji Desai. The budget presented by the then Finance Minister, Manmohan Singh, in 1991 based on a liberalised economy is considered to be the most significant budget, some say it was just a historical one that changed the very economic direction of the country. The current budget so presented by the Finance Minister, P. Chidambaram, looks to be a customary one without any major plus for the benefit of the people in the country. Levying a bigger doze of tax on the business sector is not in the interest of the developing economy of India and it may affect industrial development. There are of course a few instances which are satisfying to the people but they too are just an eye wash. It is welcome that a major emphasis is given to the women folk. Creation of Nirbhai Fund to the tune of  1,000 crores of rupees for the safety and empowerment of the women really serves the  purpose of paying rich tributes to the New Delhi gang rape victim, Nirbhai (a pseudonym given to the 23 years old girl who died as a result of the gang rape so perpetrated on her). Causing higher cost to the mobile phones has no justification as this is now an area concerning routine public need and no more any sort of a luxury item. Budget so presented is just so so, and the people can judge it well that but for the fear of the elections due the next year, the budget could have been much harsher.

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Author: neelkanth

Certainly not a celebrity but do have inquisitiveness to know things, realise them and live them to the extent possible. My interest in History, Art of Living and behavioural science is an element that inspires me.Am a poet,an author,a consultant, an advisor on computers and behavioural science.Served as Director in Central Board of State Bank of India.Remained associated with trade union activities and industrial relations as President,All India State Bank of India Staff Federation.Led a delegation on computers to several countries abroad number of times as from State Bank of India/ Banking Industry. Was twice accorded with NATIONAL AWARD FOR EXCELLENCE by All India Freelance Journalists Association, Chennai (India). My email address is: neelkanthshahi@gmail.com

16 thoughts on “India’s Budget 2013-14–Does it meet people’s expectations?”

  1. Ah yes, taxes! Like drugs to an addict, so are politicians addicted to taxes. They need more and more to satisfy.

    In my sixty plus years I’ve yet to see a budget, or anything else, that is balanced. Yet these people over and over, tell us they are the best at what they do. I feel sure You could pick ten honest people to run any country better; than the ones that already do.

    All wars are bankers wars …… a really good explanation and well worth the 45 mins. to view it. http://www.youtube.com/watch?v=5hfEBupAeo4

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    1. Many a thanks for your nice comment. Looks like I missed your meaningfully rich comments for quite some time. I know you are too busy a person otherwise quite engaged in your pursuits of academic nature. Thanks again.

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      1. Well yes, For a few days, I was busy with other things. …. Thanks for your concern. Also some of your blogs this last week were on issues, I have little comprehension of.

        As my Granny used to say to me, ” Empty vessels make the most noise”.

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      2. Well said ” Empty vessels make the most noise”, but yours is the vessel that is a treasure house of the wonderful feed backs. My sincere thanks.

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  2. THERE IS A GENERAL OPINION THAT THE UNION BUDGET FOR 2013-14 PRESENTED BY THE FINANCE MINISTER ON 28TH FEBRUARY 2013, IS “TOTALLY DISAPPOINTING”. THE BUDGET HAS BELIED THE EXPECTATIONS OF THE COMMON MAN. AT LEAST FOR THE COMMON MAN, THE BUDGET HAS TURNED OUT TO BE MORE OF A NON-EVENT. THERE WAS VERY LITTLE IF AT ALL ON HOW THE BUDGET IS GOING TO HELP ONE COMBAT RISING PRICES AND INFLATION, WHICH IS SERIOUSLY HURTING THE ‘AAM AADMI’. MEASURES THAT WILL PROVIDE DAY TO DAY RELIEF TO THE COMMON MAN HAVE BEEN COMPLETELY IGNORED BY SUCCESSIVE BUDGETS AND BUDGET 2013-14 WAS NO EXCEPTION. MIDDLE CLASS SERVING CLASS WAS EXPECTING SOME RELIEF ON INCOME TAX REBATE, WHICH HAS BEEN RAISED VERY MARGINALLY. SIR, YOU ARE VERY CORRECT IN YOUR OBSERVATION THAT BUT FOR THE ELECTIONS DUE NEXT YEAR, THE BUDGET COULD HAVE BEEN MUCH HARSHER.

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  3. Sir……. You have very correctly categorized the budget in so so category.. In fact the Finance Minister has failed to understand the need and spirit of the country… There are already so many so called public welfare schemes but all are the medium of siphoning the public money in the pockets of white collared dacoits.. The NIRBHYA scheme declared in the budget seems only to en cash the public sentiments and to be fool them.. We can only aspire for a better tomorrow which seems only a far dream……

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  4. during our 7th bipartite salary the present Finance Minister was the same and after a long strike in State Bank Of India ,there was a agreement in between the unions and I.B.A./Govt. and he made the speech the salary of the bank employees has increased and also there is a increase in pension also but lator on he backed out from his statement and the 7th bipartite pensioners are running in the courts , now in supreme court also he must have played some role, as he is a clever finance minister. .Will the people of the country demand the Income Tax from the M.P s and M.L.As.on their salary and perks. they are not super human beings. Law should be the same far every one in the country.then these super human will feel the agony of tax on the pensioners when they have very little income against inflation. now the prices of petrol have increased and our purchasing power has gone down.Pray to God for his remove from the finance ministry otherwise the congress will loos the credit ability

    Raj Kumar Negi

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  5. For a common man,its a give and take… budgets in recent years have never been welcomed. seems the budget makers do need a different approach and thought process now to deal with to enhance the national policies,balance the expenses, raise the values in their funds ..An age old policy doesnot work everytime..there is no freshness in the presentation,nor quick minds are creating any fresh intersting budget,where people wnt hesitate to pay and get deals as they feel worth of.

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