long last, a budget... - Prof. Arindam Chaudhuri
At long last, a budget that has clearly placed first the agendas of people who have no lobbies!
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Now let's take a look at the details of the budget. Of all the rank bad budgets by the previous Congress terms of course, with various kinds of external pressures the only scheme that can be clearly considered their pet project that had Sonia, Manmohan and Rahul's full support was the NREGA (National Rural Employment Guarantee Act) scheme. And the best part of even this budget has been the huge 140 percent increase in NREGA allocations; and of course, the food guarantee scheme. The plan for providing direct subsidy to farmers is a very good move coupled up with the concept of biometric unique identification cards. It's a positive step towards removal of corruption.
This budget also sees a sense of gradual move towards strong reforms through the formation of the integrated energy act, shift in the fertilizer subsidy and efforts towards making domestic fuel prices move in sync with global prices. Further, another positive and super step towards removal of corruption in politics is the move to make all donations to political parties tax free. This would curtail donations in cash and make the system more transparent! For direct tax payers, the only real good news is that the incredibly silly and bureaucracy inducing FBT (Fringe Benefit Tax) has gone. Planman Media has been a
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