01 March 2005
Budget
In those days a budget had normally meant a rise in some of the items...it might mean a hike in the bus fare or a hike in gas or something similar. That is what it had meant to us most of our childhood years. It would mean that our parents would be discussing the price hikes and how it would affect us. Then, it grew to the point were we discussed issues on investment and returns. But never had the budget got us wondering and talking about the influence of it in the building of the nation, the future, etc. It is only recently that we have we started analyzing the budget on the basis of its implications on the nation at large (mainly due to P.Chidambaram, since we started watching the budget with interest only when he became the Financial Minister the first time). This years budget seems to have had a good reception at all levels. Check out the ratings at rediff in Budget 2005
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6 comments:
Chidambaram has indeed done a good job but for the Withdrawal tax. I blogged about it the day before.
A balanced budget. But budget often happens to be a hyped up activity in India. No one bothers to compare the actuals vs the target in the previous year's budget. But, it is good that more & more ppl have started talking in terms of GDP, macro-economy etc.
yes IV, the Withdrawal tax is something that is going to touch the very nerve of honest tax paying individuals.
Chakra, comparing the actuals vs the target in the previous year's budget is something that would take years to come in India. Dont foresee it in anytime in the near future.
Hi PVS,
Well said. Since people have come to look at budget as a nation building effort, may be in due course we will also learn to make look deeper whether the nation is really benefitted by the budget.
Hey, you have a cool blog out there and let me say the title is most appropriate to variety subjects that you are touching upon.
Thanks Hari, do keep visiting
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