Arun Jaitleys’s Budget has created new hope for Indian across the globe and has given a relief to individual and corporate here in India in a NAMO way. I am not a regular blogger but I took it an opportunity to start my first blog with Budget as an content. Only fear factor that comes to my mind is the execution part, on paper India planning is great and no nation can match with us, be its Nehru’s 5 years planning or National policy framework but when times comes for execution it’s loose its momentum. But 2014 is a remarkable year for Indian politics as after a long time India has given a clear mandate to BJP and next 5 years can change the face of India. Two important person on whom the entire nation is eying right now is our honorable PM Mr. Modi and our honorable FM Mr. Arun Jaitley, one is Arjun with correct vision to brand India and the other is Krishna our guide for economic stability and growth. I can correctly say now India is on right hands. Few important area which has attracted me in this budget, and I think that opposition will also not get a scope to criticize it, but no one can predicts Indian opposition, like you can not predict Rain In London since India opposition has only one agenda to oppose and slow down our growth process.
Few important facts and figure of Budget 2014;
1] start ups/enterprise: No one can argue that if we want to see India on growth and development flight than we have to give importance to starts up /enterprise , which this budget has already given start up will revive the economy and will boost up all sectors.
2]Real estate : Allowing Real estate investment trust[ REIT] is a good move at least for the sector which has not seen good news for few years now.
3] Personal Tax: It has given relief to few section of the society who counts their Penney but not for those to whom dollars matters.
4]Structural adjustments: The budget keeps fiscal deficit at 4.1% which was put forth in interim budget is commendable but now the big question is how he is going to achieve it. The only way he can achieve it is betting on growth. He has to keep GDP growth at 6 % this year and 7 % next year to achieve this mission impossible target which I think he will manage if less opposition comes his way.
5] infrastructure: The most important area where India should focus now onwards before its too late and am happy to see the focus has been rightly given on road,transport ,port ,airlines and energy etc. Moreover relaxing CRR and SLR norm will give infrastructure financing a little bit relaxation.
Putting my finger cross I am optimist that this budget will change the dimension of India Kyuki Achhe Din Ane Wala hai. Willing to write more on this but have to rush to doctor for my daughter.
Have a nice day ahead
Abhishake De Sarkar
Overseas Educational Consultant; Human Rights Activist, founder Director of Advent Education pvt ltd and Founder Trustee of Candid School Of communication.
There is no change in the Rs 5 lakh tax exemption for very senior citizens above 80. The budget has also enhanced the annual deduct ..
There is no change in the Rs 5 lakh tax exemption for very senior citizens above 80. The budget has also enhanced the annual deduct ..
There is no change in the Rs 5 lakh tax exemption for very senior citizens above 80. The budget has also enhanced the annual deduct ..
There is no change in the Rs 5 lakh tax exemption for very senior citizens above 80. The budget has also enhanced the annual deduct ..
desarkarabhishake 