Expectation from annual Budget

Yesterday night government of India gave a sudden but sharp blow to employees in India. Interest rate on Employee’s Provident Fund has been reduced from 9.50%p.a. to 8.25% p.a.. On an average, an employee will get less interest to the tune of Rs.5000 to Rs.10000 per year on their accumulated provident fund.

To compensate this recurring loss government of India may befool and please employees by giving Income tax relief to the tune of Rs.1000 to Rs.2000 per year. Employees should not expect tax exemption limit to raise from existing Rs.1.80 lacs to Rs.3.00 lacs as suggested by Parliamentary Committee.

Government after snatching all other cloths from common men including employees may provide an undergarment free to common men to protect their status in society. They are trying to curtail subsidy on fuel and fertilizer and to increase expenses on Food security Bill to please Sonia and to fulfill the aspiration of Rahul Gandhi. Government will force common men to think safe and relaxed that they are at least not made naked.

Ek hath se Dena hai ,

Dusre Hath se lena hai,

Ye hoga Hath ka Chmatkar,

after all this is Congress Government ,

symbol of which is lambe lambe ‘Hath’

What I mean to say , price rise will continue to rise and net income of common men will continue to suffer erosion in value. On the other hand , rich people will continue to get one after subsidies, interest relief, tax relief , legal exemption so that rich grow richer and political parties continue to help parties in contesting election. 

In the name of reformation and in the name of GDP growth , government will continue to disturb the peace of poor people , help corrupt officials and politicians to loot to their best possible extent and to conceal their evil works , government may announce a little increase on payment under MANREGA or interest relief to student in getting education loan.

There is no question of tax relief for any sector in the budget to be announced today if government of India is really worried to curtail and contain fiscal deficit. Government cannot imagine of increase in spending on social welfare schemes or even on defense until they propose steps to mobilize additional resources. 

The only remedy available in the hand of government is to sell out the existing properties of the government. To make it more clear, government will try to increase disinvestment as much as possible for survival of the country and to save the image of the country in international forum and also to stop downgrading of sovereign rating of the country.


If a man does not earn ,he has either to learn stealing  and looting or to sell the inherited property like gold , land and other household goods to manage livelihood.Similarly government ruled by Congress Party is selling the assets created in pre-reformation era by their ancestors and  trying to rule the country in the name of  reforation

There is no doubt that entire budgetary exercise undertaken year after years is ultimately proved  futile so far as common men are concerned. It is crystal clear that, government will continue its march towards bankruptcy and continue to blame as usual to global recession, crude price rise etc.

There will be no talk of Jan Lokpal Bill as proposed by Team Anna to stop corruption which is root cause of all evils and all failures in implementation of budgetary provisions and the five year plans formulated by experts.

Last but not the least we have seen the fate of Dinesh Trivedi , Railway Minister who talked of bitter truth of Indian Railways . At least clever Pranab Da cannot take risk of telling the truth of Fiscal deficit. He will definitely try to play foul game with figures to present a false rosy picture as usually ruling party did in the past.