I just read a status update by a friend, post the Budget, which read as:
“Such a stupid budget… Don’t give good education to your kids, coz it now costs more. Don’t go to good hospitals, as it’ll cost more. Welcome to obese India, gym costs more. IT enabled India is not for us, as internet and mobile cost more. Promote white money… Debit and credit card costs more. Trying to buy a house… Forget about it, you have still not saved enough or would be able to do it soon.”
Common man’s wait thus, continues for some super alien to come and make India a better country.
Service Tax and other Tax Regime Implications which have seen increase in Tax Rates, thus increase in cost to consumer and which will thereby lead the pockets to cry:
Tax Rates Reduced, a welcome step
No doubt, deductions have been given, certain rate of taxes too have gone down, many proposals favoring the SMEs, Startups, Senior Citizens, SC/STs and the under-privileged have come up. Skill development, Education, Welfare and Health sector have also been considered, but these are what impact in a long-run.
The common man stands disturbed, on the immediate impact on his finances, on his day-to-day expenditure.
Overall, with most services that we shall have to undertake or products we shall have to buy, we shall have to shelve more towards tax, this stands to pro Aam Aadmi. Luxury is now luxuriously available. It now says “Think before you Spend”.
It may seem towards a “Make In India” on a corporate note, which indeed it is, but it surely is a “Shake the India” for the common man. From the common man perspective, I stand confused between a Thumbs Up and Thumbs Down, especially with respect to the basic and day-to-day amenities.
(The above has been authored by CS Reema Jain. For any queries or suggestions or feedback, she can be approached at email@example.com.)