Comments on: Indian Union Budget 2009: Highlights & Report

By: Direct Tax Code Bill: Highlights & Full Report

Direct Tax Code Bill: Highlights & Full Report — Thu, 13 Aug 2009 09:35:48 +0000

[...] Party seems to have played a masterstroke here. After not so impressive budget, they have announced something that will make the common man scream with [...]

By: varin a patel

varin a patel — Thu, 09 Jul 2009 10:42:45 +0000

hi can please send me the toatsal expenditure incomes figures of the budget 2009
thank you

By: Arun Prabhudesai

Arun Prabhudesai — Tue, 07 Jul 2009 16:54:08 +0000

Aditya, Like I have been talking on Twitter as well as through comments here, Budget is good for some bad for some. It all depends on the Budget is going to affect his life. Although I have rated budget at around 3.5/10, majority of (rural) Indians will love this budget…
Its all about perspectives you see :)

By: Arun Prabhudesai

Arun Prabhudesai — Tue, 07 Jul 2009 16:52:07 +0000

Madhav, I do understand where you are coming from and completely empathize with your comment.
To be honest, there are so many complexities in the whole process, there is no simple right or wrong answer. Sometimes my head spins when I am writing stuff :)
Keep your intense comments coming, we at trak.in enjoy them a lot :)

By: Aditya

Aditya — Tue, 07 Jul 2009 10:02:52 +0000

According to Kamesh Goyal, CEO, Bajaj Allianz Life Insurance, the insurance industry had a lot of expectations like exemptions and benefits for insurance premiums or separate section in Section 80 C, so that it could have provided a boost for long term investments like life insurance. However, scrapping of the FBT, and an unchanged tax structure are in the right direction. So, budget 2009 is a mix of good and bad.

By: Madhav Shivpuri

Madhav Shivpuri — Tue, 07 Jul 2009 06:03:54 +0000

Arun, I think the frustration from my work just spilled over in to my comments :-)

I just picked on the games as an example of the priorities of our governments. I don’t have anything against games. I would rather have an entrepreneurial approach to it and incentivise the process of sponsoring sporting events, sports training, sports as a career etc. so that more people took to sports in a natural way.

Subsidies for IIT or other education institutions should be support the poor students and not the institute itself. Its just my bad-luck of coming across less than humble people from this particular institute that I is the root of some acrimony.

Hey why I am talking like a patient on his doctor’s couch!

By: Arun Prabhudesai

Arun Prabhudesai — Tue, 07 Jul 2009 05:04:55 +0000

Madhav, you may be partially correct, but for me I like that first time in history, India is taking sports seriously, which was never so till date. Again from IITians land cushy jobs, but more IIts means more avenues for talented young people. Many of the poor students who want to go to IITs are not able to even after securing excellent marks because of there are not many institutes of IIT calibre.
Now they will get chance to be part of elite institutions as well.

We can see both sides of the coin, it all depends on each individuals perspective.

By: Arun Prabhudesai

Arun Prabhudesai — Tue, 07 Jul 2009 05:01:07 +0000

My Bad Dhananjay…you are right. Thanks for the correction and letting me know..

By: Madhav Shivpuri

Madhav Shivpuri — Tue, 07 Jul 2009 04:50:16 +0000

Spending “Rs 3472 cr for Commonwealth Games” !!! Got to be the biggest f***ing joke. The government won’t fix the banks of Ganga and Brahmaputra and in the monsoon the people from villages living on the banks of these great rivers get washed out. On the other hand, people in west India die of drought. And they spend money on “Commonwealth Games”!!! Talk about a budget for the “aam admi”.

Take this- IITian’s education is subsidized by the tax payers. The IITians can land cushy jobs and lead a great lifestyle. What does the taxman get in return? May be another “babu” in the govt. who create more subsidy for IIT in return? All the IITians talk about is how they are superior to the others, how to fill the world with IIT’s so that their blueblood tribe can grow further. IIT’s were required when the educational institutes in India were languishing. There is no need for them to be supported by the govt. anymore. Why not make them into universities?

By: Dhananjay Nene

Dhananjay Nene — Mon, 06 Jul 2009 15:11:54 +0000

To the best of my knowledge the fiscal deficit went up from 6.2% to 6.8% (not from 2.7%)