The Super Budget for 2015 -16

I feel there are no popular measures but the budget is well balanced and growth oriented. People always create so much hype before budget the extra ordinary proposals look disappointing. Look at the positive sides, you will see the difference. I will go with experts, 8.4 out of 10

I am a sufferer of bifurcation of the state. The then central govt. assured a special status to the newly formed AP state. Before the budget, Jaitley  assured  that there will be special status for AP and that will be announced in the budget. The budget did not raise the issue at all. Instead, AP will be given a special financial package. This will not serve the purpose of the AP. then Jaitley has to look the interests of other states too. 

All in all,  a better budget in so many years. I like it that the items that are considered indulgence and luxury are going to be priced more than the daily necessities. I only hope that they find a way somehow to control the ever fluctuating prices of onions.

I was too busy today.It would require a detailed study to give informed comments.Surely I shall do so later.

Usha, source of this information please?

If this rating is given by some corporate house or the people who have interest in any of corporate houses, I feel the 5% reduction in corporate tax is the result of this rating.

It is obvious that those people who gets the benefit will give the better rating. So unless the rating is given unbiased, we can't judge the budget on such rating. Personally I feel the budget is good but not so much hyped. I was expecting some more measures to give boost to the economy and growth. I feel the budget is more or less the same one as last year except the mentions of 3 schemes introduced by PM.

All things considered luxury or things that will still be used and opted for have been highly priced. Even though people know these items to be expensive, they will still go for it. Not really happy with the budget :(.

Maverick wrote:

Usha, source of this information please?

If this rating is given by some corporate house or the people who have interest in any of corporate houses, I feel the 5% reduction in corporate tax is the result of this rating.

It is obvious that those people who gets the benefit will give the better rating. So unless the rating is given unbiased, we can't judge the budget on such rating. Personally I feel the budget is good but not so much hyped. I was expecting some more measures to give boost to the economy and growth. I feel the budget is more or less the same one as last year except the mentions of 3 schemes introduced by PM.

I can give you the source of rating and all of these are not from corporate sector- here for your information admin

http://www.financialexpress.com/article/economy/live-budget-2015-reactions-arun-jaitley-all-set-for-speech-in-parliament/48768/

So what I thought is correct. We need not care for such ratings. If the budget is good enough and the government implement what they promised, we can see the results in next one year.

Maverick, I was watching the Times Now newshour debate and there were various economists and other financial experts who gave various ratings right upto 9.2. The channel displayed the rating taking an average I guess. However, I agree that whatever the rating may, it comes down to implementation and how well they are able to manage the budget that is on paper. Let us wait and see..

usha manohar wrote:

Maverick, I was watching the Times Now newshour debate and there were various economists and other financial experts who gave various ratings right upto 9.2. The channel displayed the rating taking an average I guess. However, I agree that whatever the rating may, it comes down to implementation and how well they are able to manage the budget that is on paper. Let us wait and see..

Exactly. I see so many budgets with lots of promised but only few became reality. So I believe the same in this case as well, I hope for the best.

Maverick wrote:

usha manohar wrote:

Maverick, I was watching the Times Now newshour debate and there were various economists and other financial experts who gave various ratings right upto 9.2. The channel displayed the rating taking an average I guess. However, I agree that whatever the rating may, it comes down to implementation and how well they are able to manage the budget that is on paper. Let us wait and see..

Exactly. I see so many budgets with lots of promised but only few became reality. So I believe the same in this case as well, I hope for the best.

 

No hope for you Maverick .  See the budget. You cannot miss the glaring resemblances with any other budgets of the past. After division of AP, the people of AP expected the implementation  of '  AP division agreement of Special status to AP,promised by the previous govt.  the new govt. has shown empty hands.

The budget is inflationary. Hike in Diesel will make almost everything costly. Service Tax rate is enhanced by 2% though Ed. cess is abolished. This tax enters cost of all commodities as manufacturing sector also pays service tax on input services used in manufacture. Only corporate sector is benefited. Ironically, the Finance Minister has commented that middle class can take care of itself. How?  Middle class consists of employees and petty shop keepers. Is this a hint that the employees  increase bribe rate and shop keepers weigh less and adulterate more. 

Gulshan Kumar Ajmani wrote:

The budget is inflationary. Hike in Diesel will make almost everything costly. Service Tax rate is enhanced by 2% though Ed. cess is abolished. This tax enters cost of all commodities as manufacturing sector also pays service tax on input services used in manufacture. Only corporate sector is benefited. Ironically, the Finance Minister has commented that middle class can take care of itself. How?  Middle class consists of employees and petty shop keepers. Is this a hint that the employees  increase bribe rate and shop keepers weigh less and adulterate more. 

 

The biggest flaw in the budget is, income tax slabs were untouched. Salaried people are the sufferers.

Karnataka too has not received any of the promised benefits, we cannot think of what benefits each state gets, there are many more budgets to come.. we have to see the overall impact which according to almost all financial experts is good and thats what counts.

AP's case is different. It has no capital nor offices to administer. Right now, it hasnt got any revenue to introduce it's first budget next week. Additionally, AP didn't demand anything extra. AP wanted to see that the the Special status assured by the previous govt. is implemented. Pity, Jaitley's budget did not even mention about Special Status in his Budget.

rambabu wrote:

AP's case is different. It has no capital nor offices to administer. Right now, it hasnt got any revenue to introduce it's first budget next week. Additionally, AP didn't demand anything extra. AP wanted to see that the the Special status assured by the previous govt. is implemented. Pity, Jaitley's budget did not even mention about Special Status in his Budget.

Forget the special status. None of other promises even mentioned. For example, the national status issued to Polavaram project and it needs 16k crores. Now released only 100cr, probably sufficient to run daily expenses.

Maverick wrote:

rambabu wrote:

AP's case is different. It has no capital nor offices to administer. Right now, it hasnt got any revenue to introduce it's first budget next week. Additionally, AP didn't demand anything extra. AP wanted to see that the the Special status assured by the previous govt. is implemented. Pity, Jaitley's budget did not even mention about Special Status in his Budget.

Forget the special status. None of other promises even mentioned. For example, the national status issued to Polavaram project and it needs 16k crores. Now released only 100cr, probably sufficient to run daily expenses.

Well said. The released money for Polavaram is nothing but heckling AP.  And this ruling party was well supported by the TDP.