ArpitGarg's Weblog

An opinion of the world around me

Budget 2016: Course correction from Modi Govt

with one comment

budget-2016.jpgI have been critical regarding the fiscal policies of Modi Govt. But this budget is a course correction and aims to fulfill poll promises. Personally for me this budget brings nothing to the table, but I am not the electorate that any party worries about anyways.

Small taxpayers have been benefitted. There is no change in Tax Slabs but small taxpayers have been benefitted via other means. That means higher taxpayers are excluded of any benefit, a popular move in sync with poll promises.

A great step for farmers and rural India, who voted en masse for Modi. Irrigation fund, Organic farming, soil health cards. Govt. has aimed to double farmer’s income in 5 years and have set aside money for that. Gram Sadak Yojana, Fasal Bima Yojana another one for the silent majority of our country.

Middle class will not be too much enthused by this budget and BJP might feel the wrath of their agony in coming elections. Maybe not that much as I think middle class vote is more than secured for BJP due to lack of alternatives.

There is a big push on construction which helps everyone from low wage labor to home buyers. I have liked the budget as far as I have seen. Will try and do a detailed study when I get time. But it’s a thumbs up from me to Modi and Jaitley. They have done a course correction after couple of embarrassing drubbing in Delhi and Bihar.

Written by arpitgarg

February 29, 2016 at 3:31 pm

Posted in Political

Tagged with , , ,

One Response

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  1. Good post. While on this please read my post – Long lasting Budget wishlist –
    Feeback most welcome. Thanks


    February 29, 2016 at 5:33 pm

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