Monday, March 14, 2011

India Budget 2011-2012 - 9% for rich, misery for poor

India Budget - The Road To No Where

If we look at the budget, which Mr. Prime Minister says for people. But even after hard work, I could not find anything for Aam Aadmi. The government which came to power saying they will serve Aam Aadmi, there is no Aam Aadmi in the Budget.

The allocation for Agriculture and Rural Sector are minimum. This will not, and can not change India's Aam Aadmi.

Yes this can definitely add to the wealth of wealthy people. 9% growth can be achieved and will be achieved but where is Aam Aadmi in it. The common man is no where.

I thought Pranab Babu will give old thought of common masses some weight but unfortunately the budget looks like it of P Chidambaram, and Montek Singh Ahluwalia has worked on it rather than Pranab Mukharji the Finance Minister.

If we look at it see what people's saying.

No Green Revolution, only the lip service. ( Mr. M S Swaminathan, member of NAC)

If we look at the India's hungry they are getting more hungry.

Super growth didn't help hungry kids

And yes inflation, what it is doing to the misery of poor. Everything is unaffordable.

'Misery index' clearly up: Guessing what this could mean

India need solution rather than patch up work as presently done by government.

1 comment:

  1. I completely agree that "India need solution rather than patch up work as presently done by government". If the finance minister really wants to do good for the people he can do some immediate actions.

    In the name of developments, even in village side there is mad rush to create concrete jungle. The people are in a foolish manner nvesting in real estate and another reason is cooruption. Small panchayat member to topmost minister wants to get kickback by awarding so called infra development contracts.

    One easy thing need to be done.
    To avail tax benefit on housing loan, the following decleration need to be made by individual,
    1. Should not own any other house or non-agricultural land. Only then one can avail a tax benefit.
    2. The second (or third house) must be charged very high welath tax. The tax should be in the range of 10% of property cost.

    And for real estate developers the below tax must be applicable:
    1. If the devloper holds the property without selling for more than 18 months from the date of start of construction, 10% of market value must be charged as tax.

    The above measures will be big blow to real estate developers. But it willdo overall good for all the people. Economy and common man will benefit. The real estate hoarding will get eliminated.

    Further any government allocated land must be used only for allocated purpose. If allocated purpose is changed by the part who got the land, the land must be taken back by the government.

    Warm Regards,
    Sudh Elan