Saturday, February 28, 2015

India - Union Budget 2015

For the first time it felt like its not a populist budget and is strongly based on nationalist interests. Riding on full majority Mr. Modi led BJP Governmnet doesn't need it too. Hence they made a Budget which is forward looking and socially uplifting. But while doing so they completely forgot the tax reforms which they should have brought as promised. As a sincere taxpayer (corporate employee with all white money) I dont see it soothes me. Hopes were riding high on Mr. Arun Jaitley to present budget which takes care of this strata of society who contributes to Indian economy without hiding even a single rupee of their income. 

On the positive side, this budget has done well to build an insured, pentioned and thus financially secure society. I would have been much happier if they had shown same empathy towards poor farmers. Their livelihood is not insured. There should be a mininum crop insurance which aids poor farmers during bad seasons or natural calamities.

Overall I rate it 6/10. 


-ciao

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