Lets go through the joke of the year…..
We as the middle class professionals in the country who are the major souce of income to the government as honest tax payers have all the rights to know what this govt is doing with all our money.
SUMMARY OF THE BUDGET:
Without management degree Lalu was able to present a feel-good railway budget and can even preach management graduates!
With a harvard degree in management Chidambaram failed to deliver on the AAM AADMI KA needs!
Laptops, Mobiles, TV, AC, Cars, Perfumes, Dog food etc Cheaper
Vegetables, Grains, LPG, Kerosene, Scooters etc expensive!!
Can anyone tell me a bigger joke than this? This govt claims to be a AAM AADMI KA govt. Tell me guys what does the AAM AADMI in this country use? Laptops and mobiles OR LPG and Vegetables? Cars or two wheelers?
Please any one let me know how to prepare food using Cosmetics and perfumes…Millions are waiting to know… please.. any one
FM (Finance Minister) has increased the threshold slab for income tax payers by Rs 10,000. This will marginally reduce tax liability by Rs 1,000. But at the same time, he has increased the education cess by another 1% to fund secondary education in the country. For people with a tax liability above Rs 100,000, the net impact of both these measures is negative. He gives it with the right hand and takes more than what he gave with his left hand. Chidambaram’s generosity is unbelievable. He is doling out a 1000 rupee cut to every tax payer when the inflation level is running at 7% … Hahaha
The FM has increased the threshold limit of indidual exemption limit to 1,10,000/-but has taxed the divident of mutual funds!
This govt simply believes in filling its coffers more and more by taxing the honest salaried middle class tax payers more and more and giving nothing in return. What about the corruption in this country? The total debt of the country today is 24,73,562 crore. The total amount of money in the KNOWN corruption scams till to date is over 48,00,000 crore!! Now tell me is India poor? Do we deserve to be taxed so much? Mr FM find ways to unlock the Swiss bank accounts. You dont need a harvard degree to do that.
It seems crazy that in a democratic country, honest employees in companies who earn a salary pay tax at 30% plus whereas persons who are “smart” and play the stock market and engage in risk averse activity are subject to only 10% of less tax on capital gains. Is he trying to push all employees to put their money into the stock market and risk everything?
Now we employees will have FBT levied on the stock options given to us at about 33% whereas persons who play the stock market will pay no tax or only 10% tax on their gains. This is nonsensical and plain cheating in a democratic society.
Even worse is that he has not looked into the issue of what constitutes residency for the purpose of double tax treaties. As a result, FII’s and foreign VC’s can invest in the Indian stock market, earn huge profits (as they have!) and pay absolutely no tax, other than negligible FTT.
We do not understand why a learned man has no sense of managing funds without harassing lower income group. Our country freedom fighters and martyr’s including Gandhi fought to remove lagan’s (taxes) on essential items.
Higher a person earns through legitimate means, higher he pays the tax.
Is it not better to be a landless agriculturer labourer these days than to be a salaried executive?
Is it not better to be a citizen of one of the Bimaru states than to be from Mumbai, Chennai, Hyderabad or Bangalore? FM has provided a special package for non-performing states. This is disgusting when these states are hell-bent on not improving, are ruled by a bunch of crooks and are the most corrupt of the lot. Progressive states are ignored as if the progress they made was their only fault.
FM literally taxes the very people who work hard, excel and then tells him that they have excelled. Is he discouraging people to earn more. Or is he encouraging people to hide their true income.
I cannot understand how the sop’s given to pan masala manufacturers help the country.. For Gods sake Mr. Chidambram have you got no sense left in you?
His approach seems to be, reward the foreigners, reward the stock wallahs, punish the employees. Its a disgrace and shameful!
FM has reduced taxes on pets and non tabacco pan masala. What message are they giving? CONGRESS KA HATH, AMBANI AUR MITTAL KE SATH.
INSTEAD OF REDUCING TAXES ON ESSENTIALS, THEY’VE REDUCED TAXES ON NON ESSENTIALS
What a cruel joke on indian people. you won’t hear such joke in USA or europe.
What did the government do with the education cess collected in the previous year? The condition of education is still the same it was..so why this 1% adition? To pay for all their nonsense reservations which are bound to create a second class knowledge society in this country?
Who said that with two prominent economists at the helm of affairs, we were heading towards happy days?
Is it not ironical that the rates of pulses, vegetables, cooking gas, fuels are spiralling beyond Aam Aadmi’s grasp whereas Mobile phones, tariffs for the same, toys,colas, electronic gadgets, consumer durables, cars are becoming cheaper?
If this is the performance of our visionary economists, then we better have Laloo Prasad Yadav as our FinMin.
Our Economy moved in the right direction not because of the politicians but because it became necessary to open it up and align it with the world economy. Otherwise India was on the brink of going bust Like Russia. Till today IT ITES BT are working fine bcos govt has not interfered in it. But now instead of tackling the issue of Chinese taking over the offshoring services, the govt wants to bring in reservations here too and for sure mess up the whole thing.
The most worrying issue is inflation which is the real issue that affects the AAM AADMI. It has to be controlled. I’m not happy with FM reducing the import duty to control inflation. It is more reactive (with short term vision). This government needs to be proactive and introduce schemes that helps increase our produce (mainly Agriculture and Textiles). FM is solely responsible for killing the appreciation of rupee which directly controls the inflation.
Just look at this joke once again.
LPG and Kerosense expensive !!
Cosmetics Perfumes Makeups all cheaper !
pulses vegetables grains expensive !! (Eat imported junk become more unhealthy..)
TV mobile laptop cheaper
Tea expensive coffee cheaper?? Note that tea we use is made in india and coffee is imported!
Hey We are FOOLS unnecessarily Don’t Blame Congress !
They Care a lot abut India!.I will explain Why
1)Automobiles and Two Wheelers: Expensive.
A)Because of this we Wont buy any more so Pollution Is reduced Automatically!
2) Cosmetics / Makeup accessories ,Perfumes, Clothes and Fabrics—–Cheaper
A) Now we can dress up like Britisher’s & can give tough competition in fashion market…wah wa!
3) Kerosene — Expensive
A) Now a day’s farmers and poor people are attempting suicide (especially in andhra) so to protect them they have raised the cost.
4) LPG & petrol —- Expensive.
A) Forcefully saving fuel which is precious & spending it is dangerous to environment
5) TVs (including Flat Screen), Mobiles , Laptops ——- Cheaper..
A) Creating another east india company! Now We can proudly say that India is Developed Country (Not Developing Country).
One thing is very clear.. The budget clearly shows the influence of the FII’s and the persons controlling FDI’s… the items which are being brought into india.. like DVD’s fltrons etc… will be cheaper … they are already making tonnes of money from that… and how do they become cheaper… govt cuts their part of duty/levies.. and SONY/ Hyundai etc… reap the benefit!!
At the same time the bikes and other two wheelers manufactured by Indian companies and which are essential and where the Indians play a significant role… they become expensive!!
This is the same foolish thing that King Rehoboam (son of Wise King Solomon) did. Bcoz of which he lost maximum part (10/12) of his kingdom
Maybe we should stop sending our kids to schools so that they do not become moronic like our FM / PM.
How many households have Dish washing machines now and how many are going to buy in near future.. What is the point in Reducing prices for this ??? FM has gone Crazy… Someone stop him..
Kerosene, LPG, Pulses, grains are going to be expensive; mobile and perfume are going to be cheaper.. hialrious; from where did congress import this FM.. You need real high IQ and an extremely crooked mind to do this.
We will start eating TV, Mobile, Laptops coz these will be sold in the market like vegetables.
And Loan agents will come to our house to finance grains, LPG, Kerosin, meat…
which means more call centre thriving on making calls for loans to individuals for grains n vegetables and other basic commodities.. Amazing!!! think how these multi national banks will thrive.
FM is telling that, “you poor, get lost, Indian economy is not for you”!!
I am sure those days are not so far when we get offers like if we buy a quintal rice bag we will be given a Laptop FREE….. Haha
But on second thoughts what good are cheaper electronics etc as there is barely any electricity to run them. Water shortage is common so washing machine se accha dry clean kareinge
Thoug edible oil will become cheaper, the rise in prices of LPG,Kerosine,pulses,vegetable, could make the concession on reduction of sunfower oil meaningless. In short you were tie,use laptop, but stand naked.
They are taking india to 500 years back when ppl used to cook food without LPG/kerosene !!
Homegrown Commodities fit For EXPORT are dearer for INDIANS, but cheaper to foreigners.
Gas and keroene to cost more but there is a reduction in petrol and disel. The question is whether kitchen is important or car. You buy a car than a gas cylinder and you will feel inflation has not hit you.
The budget will really help congress reducing poverty, since the items like Pulses, Grains, Vegetables, LPG and Kerosene are made expensive making difficult for poor people to survive.
The policy of congress is “if poverty can’t be removed, remove poor people” and its not ‘GARIBI HATAO’ It is ‘GARIBONKO HATAO’
One day PC found out that his pet’s foods are being consumed faster than before. He ordered CBI investigation. Results………. Guess what?? Pet’s food were ate by his servants and some were sold to poor by his securitymen. Now, he started thinking what to do? After considering situation, he decided to reduce duty on Pet’s food so that poor people can afford it and his securitymen don’t sell it to the poor and his pets also get their food.
Fellow coutrymen should decide for themselves whether it was wise to give the reigns of the country in the hands of this unscrupulous bunch of jokers in May 2004.
I still have a doubt if the FM may have read the budget reversed.
A typical ad in the newspapers will look like this now.
‘Second hand colour T.V brand Sony for sale, 10 months old with remote, Seller cant afford food’
ANDHER NAGARI CHAUPAT RAJA
ANDHER NAGARI CHAUPAT RAJA
ANDHER NAGARI CHAUPAT RAJA
ANDHER NAGARI CHAUPAT RAJA
BHAGWAAN INDIA KO BACHAO
AUR SABHI SE VOTE DALWAO
CONGRESS KO BHAGAO
Good going Punjab and Uttaranchal…..