Apparently, this budget is focussed on pleasing the general public thereby get them to vote for the congress. It is another form bribe!!! Bribing is a criminal offence!!! Also how congress is going to get 60,000 crores to write off farmer's loans? Ideally they should earn the 60,000 crores, by running all their public sector units more profitable and generate their own profit and pay rather then paying this from hard earned tax-payers monies . People and industrialists and business house pay tax, not to be used by the government to enlist the voters for the impending election. Theypay tax, for the government to judicially build infrastructors, roads, generating electricity energy etc etc. Again the government is setting a very bad preceedent by going soft on farmers who most often use the loan monies for theri own personal ends like marriags, bilding houses instead pumping into farm lands creating more crops. Now farmers are going to become ir-responsible because they know their loan are going to be written off! They would also expect the same from the new government if itis formed another party other then congress!!. Is is the same gimmick Karunanidhi applied by bribing tamil nadu people with colour television for purchasing their votes!!! INDIA IS GOING TO DOCKS. How itis going to become super power if indain people are having this attitude
RE:BUDGET
by Dhaval J on Mar 02, 2008 06:32 PM Permalink
ya i m with u dear as u see the statistics only 2006-07 had a good graph what about before that...
RE:BUDGET
by Dattatreya Govindappanavar on Mar 03, 2008 09:12 AM Permalink
I agree with you to some extent. I definitely know that there are lot of farmers, which will be benefited. I come from village and know the situation of farmers, but my family do not do any farming (disclaimer). I do not think that FM is proposing to give money from tax collection, but other means. I read in few articles that it could be by raising money from bonds. As far as reducing tax brackets, it is an intelligent move by FM to keep the economy growing stronger. I think it is doing in the footsteps of USA, where President Bush has announced an economic stimulus package where every tax payer will get a minimum of $600 if they fall within some income level. I would be getting $1800 (filing jointly- $1200 and 2 kids - $300 each). So, FM has taken similar step and this way FM is trying to encourage spending and get some votes also :-)
RE:BUDGET
by Virendra Singh on Mar 03, 2008 10:13 AM Permalink
You are absolutely correct Mr. Krish. You should not accept this BRIBE and should continue paying the taxes with older rates. Best of luck to your HONESTY.
RE:BUDGET
by Santhosh Paul on Mar 03, 2008 05:42 PM Permalink
Hi Virendra, He's not against Income Tax cut. He's against waiving off farmers loan without any background check.
