Friday, February 26, 2010

Budget Mayajaal (BUMPER BUDGET)

Today we have seen Finance Minster Mr Pranab Mukerjee presenting inaway bumper budget to common man alias AAM AADMI by revising the tax slabs. This is an excellent and inarguable a very bold decision to take given FRBM (Fiscal Responsibility and budget management) act, which says to cut down fiscal deficit.

This decision basically leaves citizen with more disposable income, which means more money to spend, better life style and living standards.

In a negative way this may also lead to higher inflation which is already above the roof.
High inflation means lower growth according to keynesian economics, and thats what we have seen at the end of 2008.

lets see whats going to happen.

Hope you guys will put down your valuable comments.

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2 comments:

  1. BUNTYFebruary 26, 2010 at 9:59 AM

    No comments

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  2. Manoj ChoudhuryFebruary 27, 2010 at 11:08 AM

    I think this budget will be labeled as one of the cleverest budgets that any finance minister of any country can present. Great thinking Pranabda..
    Give with one hand, smile and take a bow to all the praise coming your way, then quietly like a ninja come in and take it all away...
    The budget does have some positives but it has again proved to be a populist budget...we are sitting on a debt time-bomb for god sake..

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