As budget is approaching I am getting a little excited. At least this year I hope to add a few bucks to my savings without the government poking its nose and sniffing out every rupee I save. Not that a single pai is hidden from them. Everything is in their knowledge and everything is taxed, my pay, my pension, my FDs, even my arrears too have been “axed” at source. I actually get a little sceptic when I do not see achhe din (AD) on the horizon even after being taxed so heavily.
Definition of AD will vary from person to person. A farmer will give you a very different story; a soldier will tell you his version. For an industrialist it is the EBITDA (Earnings before Interest, Taxes, Depreciation and Amortisation) or whatever that means, for me is what have I saved at the end of the month after paying all undy-fundy taxes and EMIs.
I, the common man needed a roof on my head that meant I take a home loan that meant I live from EMI to EMI. The bank is charging me exorbitant interest. After having paid my loan for ten years now I still find I have yet not paid the full interest back. By when will I pay the principal amount, intrigues me?
Just in case I kicked the bucket the banks insisted that you insure every EMI. I did that at a premium. Then one fine day the bank approached me that the interest rates have reduced will you be interested in changing your plan. My face lit up and I fell for it and I paid a premium again. When I checked the bank’s website recently it still doesn’t say that the tenure of your loan has been reduced. I spoke to my inner self and decided to just stay happy. At least I have a roof on my head.
The story doesn’t end here as I stay far away from my home. I pay society & maintenance charges every month. If I miss out they charge me interest. Besides they have installed an electricity meter recently, though I have yet not fitted a single light bulb but have to pay the electricity bill with a penalty. I think I will have to live with it.
The situation today is that during the good old days gol-guppa’s were ten to a rupee which is exactly the opposite today. I wish the value of my money too would have sky rocketed the same way. The only saving grace is that our thelawala doesn’t charge GST but go to a restaurant you have no choice but to pay for the sake of your country.
This is a crucial year for the government so I also expect it to be a popular budget. After all it is a question of our votes for elections 2019. I can be rest assured there would be some more taxes. I am hopeful though I should get some relief on the direct taxes that I pay. Some slabs will be tampered with, some good English will be spoken in the parliament, some boo-booing will happen and the budget will be passed. Rest of the sessions will be drowned in the usual hungama that happens. Common mans “uncommon representative” would do a “peaceful but boisterous” protest. Parliamentary proceedings will be disrupted. Sessions will be adjourned in the garb of democratic rights by loud sloganeering and walking out to have their hot cuppa tea, can’t expect much from them.
Cigarette smokers will stock up fags as they know particular brands will be in short supply. The pan wala will ensure more than adequate stocks are available including home delivery but at a premium. Same will be the case with wine shops. Everybody knows that these are two items will be taxed to the hilt. Will it reduce the number of smokers and drinkers is a different matter altogether?
Somehow, the common man is the biggest stake holder in the unorganised sector as per the PM. From a labourer to a fisherman, to a helper in a garment shop, to an outsourced housekeeper everyone has big hopes from the government. The industrialist, the entrepreneur, the auto wala to a bus river to a brick klin worker all want to live well, all want to educate their children, all want safe drinking water and good health services above all they all want to save a little for the marriage of their children, if not the rainy day.
If DAVOS will help I have no issues, if BHRAMOS will help I have no issues either but if every Indian has to vote for a “false promise” of achhe din then I have an issue. If communal politics will be the foundation of our democracy then I have an issue as well? Will someone clarify? I wonder!!!!!!!!!
© Noel Ellis