The CAPITAL
BULLET Initiative Of The Prime Minister For The “ BUDGET – 2024-2025 ”
This article comes a bit late however this
though being very late comes in as a handy as it deals with the INDIAN
BUDGET 2024 – 2025 and as
this concversn the nation, it becomes important to atleast discuss the budget
and trace out whether it is a AVERAGE BUDGET MEANT for THE MIDDLE CLASS , of the people of India or whether it
incorporates the entire class and category of the people.
The middle class – It Is
Considered To Be A Lamb To The Slaughter
All over the year and for all the time uptil
now, the middle class always has been treated the LAMBS TO THE SLAUGHTER .It has been the middle class, who
are mostly the working class of the people who have been sincerely paying the
taxes to the Government , but in return , they have never been given any scope
for them to flower and prosper by the Government in terms of them receiving the
facilities
and amenities from the respective Government.
There has been nothing in terms of the cuts or
discount by the Government in terms of the fees, the aids that can give some
respite in terms of the medical facilities, the returns in terms of the
investment the middle class does and provides to the Government etc, to cite as
an example, that ought to be considered and discussed here, however let us
first cite as an EXAMPLE about WHAT DOES THIS GOVERNMENT BRINGS ABOUT
ON THE TABLE in terms of the
budget.
THE
“ SOLID ” BULLET POINTS
First – the solid bullet points, may be considered and taken as an
example for the budget to be decided and the HIGHLIGHTS may be decided and spoken all about.
Let us take the HIGHLIGHTS of the BUDGET AND FIRST SPEAK ABOUT THE SAME
IN TERMS OF THE SOLID POINTS - ::
INDIA’S INFLATION CONTINUES TO BE LOW, STABLE
AND MOVING TOWARDS THE 4 PER CENT TARGET
PM’S PACKAGE OF 5 SCHEMES AND
INITIATIVES WITH AN OUTLAY OF ₹ 2 LAKH CRORE TO FACILITATE
EMPLOYMENT, SKILLING AND OTHER OPPORTUNITIES FOR 4.1 CRORE YOUTH IN 5
YEARS
FOR PURSUIT OF ‘ VIKSIT BHARAT ’,
THE BUDGET ENVISAGES SUSTAINED EFFORTS ON 9 PRIORITIES FOR GENERATING
AMPLE OPPORTUNITIES FOR ALL
BUDGET 2024-25 FOCUSES ON EMPLOYMENT,
SKILLING, MSME’s AND MIDDLE CLASS
As we spoke about it earlier, the Prime Minister gives us a sence
and some belief to believe that this budget is primarily for the middle class
of the people beside that the industries that falls under the small and the
medium scale in terms of denoting or calling it as industry, to encash this
budget and make the maximum use of the same to derive the best of the benefit from the budget. The other high points of this
budget is as follow-:
NEW 109 HIGH-YIELDING
AND CLIMATE-RESILIENT VARIETIES OF 32 FIELD AND HORTICULTURE CROPS WILL BE
RELEASED FOR CULTIVATION BY FARMERS
IN THE NEXT TWO YEARS, 1 CRORE FARMERS ACROSS THE COUNTRY WILL BE INITIATED INTO
NATURAL FARMING
A PROVISION OF ₹ 1.52 LAKH CRORE FOR AGRICULTURE AND ALLIED SECTOR
ANNOUNCED FOR THIS YEAR.
1,000 INDUSTRIAL
TRAINING INSTITUTES WILL BE UPGRADED
GOVERNMENT WILL FORMULATE A PLAN, PURVODAYA,
FOR THE ALL-ROUND DEVELOPMENT OF THE EASTERN REGION COVERING BIHAR, JHARKHAND,
WEST BENGAL, ODISHA AND ANDHRA PRADESH
FOR PROMOTING WOMEN-LED DEVELOPMENT, THE
BUDGET CARRIES AN ALLOCATION OF MORE THAN ` 3 LAKH CRORE FOR SCHEMES
BENEFITTING WOMEN AND GIRLS
A PROVISION OF ₹ 2.66 LAKH CRORE FOR
RURAL DEVELOPMENT INCLUDING RURAL INFRASTRUCTURE MADE THIS YEAR
THE LIMIT OF MUDRA LOANS WILL BE ENHANCED TO ₹
20 LAKH FROM THE CURRENT ₹ 10 LAKH
GOVERNMENT TO LAUNCH A COMPREHENSIVE SCHEME
FOR PROVIDING INTERNSHIP OPPORTUNITIES IN 500 TOP COMPANIES TO 1 CRORE YOUTH IN
5 YEARS
UNDER PM AWAS YOJANA URBAN 2.0, HOUSING NEEDS
OF 1 CRORE URBAN POOR AND MIDDLE-CLASS FAMILIES WILL BE ADDRESSED WITH AN
INVESTMENT OF ₹ 10 LAKH CRORE
PHASE IV OF PMGSY WILL BE LAUNCHED TO PROVIDE
ALL-WEATHER CONNECTIVITY TO 25,000 RURAL HABITATIONS
EMPHASIS ON EXPANDING THE SPACE ECONOMY BY 5
TIMES IN THE NEXT 10 YEARS WITH A VENTURE CAPITAL FUND OF ₹ 1,000
CRORE
MAJOR RELIEF TO 4 CRORE SALARIED INDIVIDUALS
AND PENSIONERS IN INCOME TAX
STANDARD DEDUCTION INCREASED FROM ₹
50,000 TO ₹ 75,000/- FOR THOSE IN NEW TAX REGIME
DEDUCTION ON FAMILY PENSION INCREASED FROM
₹ 15,000/- TO ₹ 25,000/-
OVER 58 PER CENT CORPORATE TAX RECEIPTS
COLLECTED UNDER THE NEW REGIME
TWO THIRD OF INDIVIDUAL INCOME TAX PAYERS SWITCHED OVER TO NEW INCOME TAX
REGIME
ANGEL TAX ABOLISHED FOR ALL CLASS OF INVESTORS
TO BOOST START-UPS AND INVESTMENTS
CORPORATE TAX ON FOREIGN COMPANIES REDUCED FROM
40 TO 35 PER CENT TO INVITE INVESTMENTS
5 PER CENT TDS ON MANY PAYMENTS MERGED TO 2
PER CENT TDS
CAPITAL GAIN EXEMPTION LIMIT INCREASED TO ₹
1.25 LAKH PER YEAR TO BENEFIT LOWER AND MIDDLE INCOME CLASSES
CUSTOM DUTY ON X-RAY PANELS, MOBILE PHONES
& PCBA REDUCED TO 15 PER CENT
PRECIOUS METALS INCLUDING GOLD AND SILVER TO
BECOME CHEAPER, CUSTOM DUTY REDUCED TO 6 PER CENT
The bullet points has been briefly discussed. THE ALL CAPS that has been used
here to describe the very IMPORTANCE
points of the same, and its highlights also are hereby explained in brief for
the readers to read and know everything about the same.
It also needs to be evaluated in PARTS and taking the MOST IMPORTANT elements that constitutues this budget, and
this is explained one – by – one here .These are mentioned as under-::
PART A
GLOBAL ECONOMY HURT REGRESSIVELY – YET THIS BUDGET PROVIDES
A BREATHER
Despite global economy
remaining under the grip of policy uncertainties, India’s economic growth
continues to be the shining which has
stunned many a purist of economy
, its exception and will remain so in the years ahead. Minister of Finance and
Corporate Affairs Smt Nirmala Sitharaman, while presenting the Union Budget
2024-25 in Parliament today said that India’s inflation continues to be
low, stable and moving towards the 4 per cent target.
This if works out to
be better and is maintained with the assistance of the Union Government, that
will provide much relief to the ones who are salaried and the middle class
employeesand the businessman. Core inflation (non-food, non-fuel)
currently is 3.1 per cent and steps are being taken to ensure supplies
of perishable goods reach market adequately.
Interim Budget
The Finance Minister
said that as mentioned in the interim budget, the focus is on 4 major castes,
namely ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth) and
‘Annadata’ (Farmer).
Budget Theme :: This
Budget Is A Totality Of Middle Class And The Middle Class Business Group
Dwelling on the Budget
theme, Smt Sitharaman said, turning attention to the full year and beyond, in
this budget, we particularly focus on employment,
skilling, MSMEs, and the middle class. She announced the Prime
Minister’s package of 5 schemes and initiatives to facilitate employment,
skilling and other opportunities for 4.1 crore youth over a 5-year period
with a central outlay of ₹2 lakh crore. This
year, ₹1.48 lakh crore has been allocated for education, employment
and skilling.
This budget mainly has
been prepared with the focus to incorporate one and sundry who live meagerly with
a little or less income but work hard to ensure that they contribute to the
nation’s development through their continues effort to enhance the productivity
to aid to the swelling of the G.D.P of India.
Budget Priorities
Priorities and much to say, the aids and the facilities makes the people to breathe easy after the budget is laid on the table. To choose the MOST BENIFICAL SCHEMES and to pass it to the public , so that the public at large is the beneficiary, there are certain elements that provides the necessary succour to the public at large, and some of them are illustrated here pointwise.This could provide the much necessary relief to the public at large.
The Finance Minister
said, for pursuit of ‘ Viksit Bharat ’, the budget envisages
sustained efforts on the following 9 priorities for generating ample
opportunities for all.
1. Productivity and resilience in Agriculture
2. Employment & Skilling
3. Inclusive Human Resource Development and
Social Justice
4. Manufacturing & Services
5. Urban Development
6. Energy Security
7. Infrastructure
8. Innovation, Research & Development and
9. Next Generation Reforms
Priority 1:
Productivity and resilience in Agriculture
The Finance Minister announced that the government will undertake a comprehensive review of the agriculture research setup to bring the focus on raising productivity. New 109 high-yielding and climate-resilient varieties of 32 field and horticulture crops will be released for cultivation by farmers
This could seta new revolution in the field of HIGHESTPRIORITIES in the set up of the Government to bring about a TOTAL NEW REVOLUTION, in the field of AGRICULTURE.
Priority 2: Employment
& Skilling
The Finance Minister said that the government will implement 3 schemes for ‘Employment Linked Incentive’, as part of the Prime Minister’s package. These will be based on enrolment in the EPFO, and focus on recognition of first-time employees, and support to employees and employers.
Referring to the Skilling
programme, the Finance Minister announced a new centrally sponsored scheme, as
the 4th scheme under the Prime Minister’s
package, for skilling in collaboration with state governments and Industry. 20
lakh youth will be skilled over a 5-year period and 1,000 Industrial Training
Institutes will be upgraded in hub and spoke arrangements with outcome
orientation.
She also announced
that the Model Skill Loan Scheme will be revised to facilitate loans up to
₹7.5 lakh with a guarantee from a government promoted Fund, which is
expected to help 25,000 students every year.
For helping the youth,
who have not been eligible for any benefit under government schemes and
policies, she announced a financial support for loans upto ₹10 lakh
for higher education in domestic institutions. E-vouchers for this purpose will
be given directly to 1 lakh students every year for annual interest subvention
of 3 per cent of the loan amount.
This element is the MOST REQUIRED AND THE MOST CONJURED in terms of the basic need of the nation.The skill set is so poor of those who come out especially from the weaker section of the society that finishes their studies that they falter and make a NUISANCE of almost the BEST offered to them.This would make the things come up to the mapping rewquired and this is one of the best that the budget provides and HATS - OFF to Madam Seetharaman for the same as well as to the team for the same.
Priority 3: Inclusive
Human Resource Development and Social Justice
Talking about the
Saturation approach, the Finance Minister emphasised that implementation of
schemes meant for supporting economic activities by craftsmen, artisans,
self-help groups, scheduled caste, schedule tribe and women entrepreneurs, and
street vendors, such as PM Vishwakarma, PM SVANidhi, National Livelihood
Missions, and Stand-Up India will be stepped up.
Purvodaya
Government will
formulate a plan, Purvodaya, for the all-round development of the eastern
region of the country covering Bihar, Jharkhand, West Bengal, Odisha and Andhra
Pradesh. This will cover human resource development, infrastructure, and
generation of economic opportunities to make the region an engine to attain
Viksit Bharat.
Pradhan Mantri
Janjatiya Unnat Gram Abhiyan
The Finance Minister
announced that for improving the socio-economic condition of tribal
communities, government will launch the Pradhan Mantri Janjatiya Unnat Gram
Abhiyan by adopting saturation coverage for tribal families in tribal-majority
villages and aspirational districts covering 63,000 villages and benefitting 5
crore tribal people.
More than 100 branches
of India Post Payment Bank will be set up in the North East region to expand
the banking services.
She said, a provision of ₹2.66 lakh crore for rural development including rural infrastructure was made this year.
FOOTNOTE- : This we are hearing every year, everytime inthe budget and every time after the budget is pit on the table. Yet NOTHING has conjured and nothing is seen on the table. that provides this as the resort. Hope the talks are NOT ON THE AIR BUT OFF IT ON THE GROUND.
Priority 4:
Manufacturing & Services
Support for promotion
of MSMEs
Smt Sitharaman said,
this budget provides special attention to MSMEs and manufacturing, particularly
labour-intensive manufacturing. A separately constituted self-financing
guarantee fund will provide, to each applicant, guarantee cover up to ₹100
crore, while the loan amount may be larger. Similarly, Public sector banks will
build their in-house capability to assess MSMEs for credit, instead of relying
on external assessment. She also announced a new mechanism for facilitating
continuation of bank credit to MSMEs during their stress period.
Mudra Loans
The limit of Mudra
loans will be enhanced to ₹ 20 lakh from the current ₹ 10 lakh for
those entrepreneurs who have availed and successfully repaid previous loans
under the ‘Tarun’ category.
MSME Units for Food
Irradiation, Quality & Safety Testing
Financial support for
setting up of 50 multi-product food irradiation units in the MSME sector will
be provided. Setting up of 100 food quality and safety testing labs with
NABL accreditation will also be facilitated. To enable MSMEs and traditional
artisans to sell their products in international markets, E-Commerce Export
Hubs will be set up in public-private-partnership (PPP) mode .
Internship in Top
Companies
The Finance Minister said that as the 5th scheme under the Prime Minister’s package, government will launch a comprehensive scheme for providing internship opportunities in 500 top companies to 1 crore youth in 5 years.
Priority 5: Urban
Development
Urban Housing
Under the PM
AwasYojana Urban 2.0, housing needs of 1 crore urban poor and middle-class
families will be addressed with an investment of ₹ 10 lakh crore. This
will include the central assistance of ₹ 2.2 lakh crore in the next 5 years.
Water Supply and
Sanitation
In partnership with
the State Governments and Multilateral Development Banks, government will
promote water supply, sewage treatment and solid waste management projects and
services for 100 large cities through bankable projects.
PM SVANidhi
She added that
building on the success of PM SVANidhi Scheme in transforming the lives of
street vendors, Government envisions a scheme to support each year, over the
next five years, the development of 100 weekly ‘haats’ or street food hubs in
select cities.
Priority 6: Energy
Security
The Finance Minister
said, in line with the announcement in the interim budget, PM Surya Ghar Muft
Bijli Yojana has been launched to install rooftop solar plants to enable 1
crore households obtain free electricity up to 300 units every month. The
scheme has generated remarkable response with more than 1.28 crore
registrations and 14 lakh applications.
Nuclear energy is expected to form a very significant part of the energy mix for Viksit Bharat
Foot Note - :: The entire nation and the strategy of the same ought to be SHIFT TO THE SOLAR SYSTEMS of producing energy. That will help to reduce the UNWANTED POLLUTION and would ensure the GREEN ENVIRONMENT which if not made in the next FIVE YEARS, the NATION would die of TUBERCULOSIS and HEART ATTACK due to carbon in the air.This the PRIME MINISTER ought to take it very seriously and so the Government of the day
Priority 7:
Infrastructure
The Finance Minister underlined that significant investment the Central Government has made over the years in building and improving infrastructure has had a strong multiplier effect on the economy. Government will endeavour to maintain strong fiscal support for infrastructure over the next 5 years, in conjunction with imperatives of other priorities and fiscal consolidation. ₹11,11,111 crore for capital expenditure has been allocated this year, which is 3.4 per cent of our GDP
.
The Finance Minister
announced that Phase IV of PMGSY will be launched to provide all-weather
connectivity to 25,000 rural habitations which have become eligible in view of
their population increase.
For Irrigation and
Flood Mitigation in Bihar, through the Accelerated Irrigation Benefit Programme
and other sources, government will provide financial support for projects with
estimated cost of ₹11,500 crore such as the Kosi-Mechi intra-state
link and 20 other ongoing and new schemes including barrages, river pollution
abatement and irrigation projects. Government will also provide
assistance to Assam, Himachal Pradesh, Uttarakhand and Sikkim for flood
management, landslides and related projects.
Priority 8:
Innovation, Research & Development
The Finance Minister
said that government will operationalize the Anusandhan National Research Fund
for basic research and prototype development and set up a mechanism for
spurring private sector-driven research and innovation at commercial scale with
a financing pool of ₹1 lakh crore in line with the announcement in
the interim budget.
Space Economy
With our continued emphasis on expanding the space economy by 5 times in the next 10 years, a venture capital fund of ₹1,000 crore will be set up
.
Economic Policy
Framework
The Finance Minister
said that the government will formulate an Economic Policy Framework to
delineate the overarching approach to economic development and set the scope of
the next generation of reforms for facilitating employment opportunities and
sustaining high growth.
Labour related reforms
Government will
facilitate the provision of a wide array of services to labour, including those
for employment and skilling. A comprehensive integration of e-shram portal with
other portals will facilitate such one-stop solution. Shram Suvidha and
Samadhan portals will be revamped to enhance ease of compliance for industry
and trade.
Government will
develop a taxonomy for climate finance for enhancing the availability of
capital for climate adaptation and mitigation.
Foreign Direct
Investment and Overseas Investment
The rules and
regulations for Foreign Direct Investment and Overseas Investments will be
simplified to (1) facilitate foreign direct investments, (2) nudge
prioritization, and (3) promote opportunities for using Indian Rupee as a
currency for overseas investments.
NPS Vatsalya
NPS-Vatsalya, a plan
for contribution by parents and guardians for minors will be started. On
attaining the age of majority, the plan can be converted seamlessly into a
normal NPS account.
New Pension Scheme
(NPS)
The Finance Minister said that the Committee to review the NPS has made considerable progress in its work and a solution will be evolved which addresses the relevant issues while maintaining fiscal prudence to protect the common citizens.
Budget Estimates
2024-25
The Finance Minister
informed that for the year 2024-25, the total receipts other than borrowings
and the total expenditure are estimated at ₹32.07 lakh crore
and ₹48.21 lakh crore respectively. The net tax receipts are
estimated at ₹25.83 lakh crore and the fiscal deficit is estimated
at 4.9 per cent of GDP.
She said, the gross
and net market borrowings through dated securities during 2024-25 are estimated
at ₹14.01 lakh crore and ₹11.63 lakh crore
respectively.
Smt Sitharaman
emphasised that the fiscal consolidation path announced by her in 2021 has
served economy very well, and the government will aim to reach a deficit below
4.5 per cent next year.
PART B ;;This will act as a '' GRIGNARD - REAGENT"if successfully implied
Apart from giving relief to four crore salaried individuals and pensioners of the country in the direct taxes, Union Budget 2024-25 seeks to comprehensively review the direct and indirect taxes in the next six months, simplifying them, reducing tax incidence and compliance burdens and broadening the tax nets. The Budget proposes comprehensive rationalization of GST tax structure along with review of the Custom Duty rate structure to improve the tax base and support domestic manufacturing. A comprehensive review of Income – Tax Act is targeted at reducing disputes and litigations and to make the act lucid, concise and easy to read. Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman said that simplification of tax regimes without exemptions and deductions for corporate and personal income tax has been appreciated by tax payers as over 58 per cent of corporate tax came from simplified tax regime in 2022-23 and more than two third tax payers have switched over to the new personal income tax regime.
Budget 2024-25 increased standard deduction of salaried employees from ₹ 50,000/- to ₹ 75,000/- for those opting for new tax regime. Similarly, deduction on family pension for pensioners enhanced from ₹ 15,000/- to ₹ 25,000/-. Assessments now, can be reopened beyond three years up to 5 years from end of year of assessment, only if, the escaped income is more than ₹ 50 Lakh. The new tax regime rate structure is also revised to give a salaried employee benefits up to ₹ 17,500/- in income tax
TAX RATE AND STANDARD DEDUCTION -
To promote investment
and foster employment, Budget has given boost to entrepreneurial spirit and
start-up ecosystem, abolishing angel tax for all classes of investors. Further,
a simpler tax regime for foreign shipping companies operating domestic cruises
is proposed looking at the tremendous potential of cruise tourism. Foreign
mining companies selling raw diamonds in the country can now benefit from safe
harbor rates which will benefit the diamond industry. Further, corporate tax
rate on foreign companies reduced from 40 to 35 per cent to attract foreign
capital.
Budget further
simplified the direct tax regime for charities, TDS rate structure and capital
gains taxation. The two tax exemption regimes for charities will be merged into
one. 5 per cent TDS on many payments to be merged into 2 per cent TDS and 20
per cent TDS on repurchase of units by mutual funds or UTI stands withdrawn.
TDS rate on e-commerce operators reduced from 1 per cent to 0.1 per cent. Now
credit of TCS will be given on TDS deducted from salary. Budget decriminalized
delay of payment of TDS up to the due date of filing of TDS statement. Standard
Operating Procedure soon for simplified and rationalized compounding guidelines
for TDS defaults.
On Capital gains,
short term gains shall henceforth attract a rate of 20 per cent on certain
financial assets. Long term gains on all financial and non-financial assets to
attract 12.5 per cent rate. Limit of exemption of capital gains has been
increased to ₹1.25 Lakh per year to benefit lower and middle-income
classes. Listed financial assets held for more than a year and unlisted assets
(financial and non-financial) held for more than two years to be classified as
long term assets. Unlisted bonds and debentures, debt mutual funds and market
linked debentures will continue to attract applicable capital gains tax.
Acknowledging that GST
has decreased tax incidence on common man and terming it as a success of vast
proportions, Union Finance Minister Smt Nirmala Sitharaman said that GST has
reduced compliance burden and logistics cost for trade and industry. Now the
Government envisages further simplifying and rationalizing the tax structure to
expand it to remaining sectors. Budget also proposed to further digitalise and
make paperless the remaining services of Customs and Income Tax including
rectification and order giving effect to appellate orders over the next two
years.
Custom duties have
been revised to rationalize and revise them for ease of trade and reduction of
disputes. Giving relief to cancer patients, Budget fully exempted three more
cancer treating medicines from custom duties, namely, Trastuzumab Deruxtecan,
Osimertinib and Durvalumab. There will be reduction in Basic Customs Duty (BCD)
on X-ray machines tubes and flat panel detectors. BCD on mobile phones, Printed
Circuit Board Assembly (PCBA) and mobile chargers reduced to 15 per cent. To
give a fillip to processing and refining of critical minerals, Budget fully
exempted custom duties on 25 rare earth minerals like lithium and reduced BCD
on two of them. Budget proposed to exempt capital goods for manufacturing of
solar panels. To boost India’s seafood exports, BCD on broodstock, polychaete
worms, shrimps and fish feed reduced to 5 per cent. Budget will foster
competitiveness of Indian leather and textiles articles of export. BCD reduced
from 7.5 per cent to 5 per cent in Methylene Diphenyl Diisocyanate (MDI) used
for manufacture of spandex yarn. Custom duties on gold and silver reduced to 6
per cent and on platinum to 6.4 per cent. BCD on ferro nickel and blister
copper removed, while, BCD on ammonium nitrate increased from 7.5 to 10 per
cent to support existing and new capacities in pipeline. Similarly, BCD on PVC
flex banners increased from 10 to 25 per cent considering the hazard to environment.
To incentivize domestic manufacturing, BCD on PCBA of specific telecom
equipments increased from 10 to 15 per cent.
For dispute resolution
and dispose-off backlogs, Union Finance Minister proposed Vivad se Vishwas
Scheme, 2024 for resolsution of certain income tax disputes pending in appeal.
The monetary limits for filing appeals related to direct taxes, excise and
service tax in High Courts, Supreme Courts and tribunals has been increased to
₹ 60 Lakh, ₹ 2 Crore and ₹ 5 Crore, respectively. Further to reduce litigation
and provide certainty in international taxation, scope of safe harbour rules to
be expanded and transfer pricing assessment procedure to be streamlined.
The Final Assessment Of This Budget - This Budget Requires Finance From The Lateral Sources
How is this budget. I have put certain footnote whereever I felt that the budget needs some careful handling. There are certain points where I have not put anything in terms of the comments.
In my own assessment THIS IS A DEFICIT BUDGET.After TEN YEARS OF REIN, and that too ruling the nation with an ABSOLUTE majority, the Government the, , for all those ten years, kept on putting up a budget to rake in the moolahs and that they did in in a big way.
When you prepare a DEFICIT BUDGET, you need the money to be added to the budget at the time of the distress and need. Our SURPLUS FOREIGN RESERVE really adds to the CONFIDENCE and as such, if the money is needed, we have ENOUGH, in fact more than enough to add and bring those money on the table to fulfil our requirement.That is one of the BEST thing that the MODI Governmnt has done so far in the last ONE DECADE.
Every sphere has been taken care of in a meaningful manner and in the best possible way. However there are certain grey areas which the Government ought to lay stress upon, as these sector would finally be a BACK - PINCH on the Government.
These arenas are- ::
1 ). G.S.T - THERE ARE CERTAIN FLAWS ON THE TAXES APPLIED ON THE BASIC NECCESSITY NEEDS AND THE COMMONLY USED ARTICLES. THIS OUGHT TO BE IMMEDIATELY TAKEN CARE OF AND REMEDIES APPLIED.
2 ) . DEFENSE SECTOR -
The defense sector immediately needs ARMS and employment in terms of personnels to be raised.We need about SIX LAKHS of the people all young strong jawans, between the age group of 18 years at the minimum and 22 years as the maximum, in the Army, as artilliers, and soldiers to fight upfront on the field, be it mountains be it terrains or otherwise.
Of this 6 lakhs we need about 1,00,000 COMMANDOES, about 50,000 each in AIR FORCE and NAVY in the different sections and departments to fight the war in case if there is a war, and we need about 20 S-400 , ABOUT 100 MORE RAFAELS,, ABOUT 300 TO 400 canons A WELL MEASURED TANKS, AT LEAST AS PER MY COUNTS.
Without the same, WE CANNOT MATCH TO FIGHT THE TWO - AND - A - HALF - WAR, which my SIXTH SENSE can really feel it and can visualise the same and THAT IS BOUND TO HAPPEN between the year 2025 to 2026.If that happens China, Pakistan and the internal BASTARDS OF INDIA, WHO ARE WAITING TO LAUNCH INTO ALL assault WHENEVER IT HAPPENS,
At that moment, India will have to fight the three cornered THE TWO AND A HALF BATTLE or the war in ONE stage of a time and WE HAVE LOST TEN VALUABLE YEARS TO BUILD OUR FUTURE STRENGTH ON THESE LINES
The kind of the RESERVES that we have ought to be spend on these elements and needs of the nation. The needs of the nation right from 2008 was to increase the strength of the defense in an phased manner BUT NO GOVERNMENT EVER THOUGHT ON THIS AND THESE LINES.
The CONGRESS hardly thinks about the nation, on these lines.It only thinks ABOUT THE NEHRU - GANDHI family , and take their WHIMSICAL policies which BUTCHERS the nation.
Much was expected by the B.J.P in this matter with Mr Modi as the saviour, but in this matter he has also DISSAPOINTED
YOU CANNOT CEASE OVER THE FIGHTS JUST BY TALKS AND NON - VIOLENCE
" EVERYBODY HAS THE " MOUTH " , BUT NO-BODY HAS THE EARS TO " LISTEN " TO THE MOUTH "
I hope that this budget does not proves that ADAGE true.
IN MY OWN POINTS, I GIVE A " 5/10 " MARKS TO THIS BUDGET
Jai Bharat
That Is It and that speaks all about it
Mr Shyamal Bhattacharjee, the author was born at West Chirimiri Colliery at District Surguja, Chattisgarh on July 6th 1959 He received his early education at Carmel Convent School Bishrampur and later at Christ Church Boys' Higher Secondary School at Jabalpur. He later joined Hislop College at Nagpur and completed his graduation in Science and he also added a degree in B A thereafter. He joined the HITAVADA, a leading dailies of Central India at Nagpur as a Sub-Editor ( Sports ) but gave up to complete his MBA in 1984 He thereafter added a Diploma In Export Management. He has authored SEVEN books namely Notable Quotes and Noble Thought published by Pustak Mahal in 2001 Indian Cricket : Faces That Changed It published by Manas Publications in 2009 and Essential Of Office Management published by NBCA, Kolkatta in 2012, GOLDEN QUOTES on INSPIRATION , SORROW , PEACE and LIFE published by B.F.C Publications, Lucknow, , and QUOTES:: Evolution and Origin of Management Electives by Clever Fox Publishing, Chennai ,From Dhyan To Dhan :: Indian Hockey - Sudden Death Or Extra Time published by BOOKS CLINIC Publishing House , Bilaspur , Chattisgarh and his FIRST book on Hindi poem, which reads as " BHED HAI GEHRA - BAAT JARA SI " published by Books Clinics , Bilaspur , Chhattisgarh. He has a experience of about 35 years in Marketing , and Business Analytics .
Signature Of Shyamal Bhattacharjee
.
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