It was nice to hear about the increase of pay of the topmost people who are involved in governing India in this budget. I feel it is less. On deeper thought, this way it is the easiest for the parliamentarians to justify their salary hike. Actually, they don’t have to get it passed through the budget directly. All of them sit and decide, move a bill and the motion is passed by a voice vote as the “yay’s” always have it. FM is capable enough to cater for that amount without a bat of an eyelid.
Be that as it may, I would like to thank the government for whatever we got for the OROP and the serving people through the 7th pay commission. Yes, there are issues to be sorted out, let us give it time and I shall leave it at that. With this the armed forces have definitely been looked after. So “Jai Jawan” stands good. You may or may not agree.
This year’s budget also shows a quantum jump for the rural and the agricultural sector. “Jai Kissan” must be in mind while doing allocation. People will always argue it is far less. Well, we are still a monsoon based agricultural economy. Come drought farmers are in for trouble, come floods the crop is washed out, come good monsoons, we have a bumper crop thus prices fall. Our “ann daata” needs to be resurrected. If this budget can uplift them, nothing could be better.
Frankly, budget was “Greek” to me. My “Choti si asha” was to see my income slab shift a little higher but FM saab left it untouched. People in the tax bracket should not ask for more he means. For every hundred rupees we earn, you take back 30 rupees. My company pays me salary and government takes tax before I even see my pay. Yaar ye kya baat hui. For my services to the nation I earned a pension. You cut tax from my pension too. If I save and make an FD you don’t spare it either. I invest in stocks; you take the devil’s cut from it also. Catch 22 for me.
I pay GST on a sliding scale which goes up to 28 percent. So out of my 70 rupees left with me after 30 percent is cut, you snatch 28 more, so effectively I am left with 42 rupees. Overall what message does it convey that more you earn more tax you pay, right. Who will set out this definition of “more”? I don’t know.
I think let us forget about saving and shaving both. Enjoy what you get; blow it off today, tomorrow one doesn’t know what all will be taxed. I like this term “Cess” which pops up every now and then. If they find that the tax collection is lesser than expected, they levy a cess on it. Wah bhai wah, tax bhi lo aur cess bhi. Paisa bachao to tax, kharcha karo to tax, karo to kya karo.
On the eve of the budget I and my neighbours got together in our lawn to watch the lunar eclipse and there was an eerie kind of discussion on the budget. The gist of it was to hell with the budget let’s admire the moonshine. I was lucky, I was in office yesterday so missed out on the FMs bhashan. I was also lucky to have gone to attend the Raising day of the Indian Coast Guards in the evening and missed out on the discussions on the subject. Swear I am feeling relieved. As I don’t know what FM said and now I am not interested in what he meant.
I can understand FM saab, it is a tough job. You can’t keep everyone happy. To visualise it across the length and breadth of the country considering India’s diversity, must be a herculean task. I am also convinced that to dole out a financial system which will help this country grow needs a visionary with a third eye and a million brains. I also am convinced that one has to take risks and experiment. What might work, what may not, will only be seen in times to come? I fully understand that FM saab you also need votes in the next elections.
My wait for the next budget has already started. Let me assure you sir, just raise the tax slabs by five lakhs which is less than five thousand a month, more than 75 % of the salaried class will vote for you and dare I say you shift the slab by another five you shall have all of us in your kitty. Will the common man be “bambooed” too much this year? I wonder!!!!!!!!!
© Noel Ellis