In this year of uncertainties and rapid changes, the country is moving ahead with the challenges and opportunities with the path of fiscal consolidation & high economic growth. Budget 2011-2012 to be given by Pranab Mukherjee Minister of Finance was a awaited moment by all of us.
The budget rating given by IIM Calcutta students: 7.5/10[/i][/b][/i][/b]
All-inclusive and sustainable development with the government as an enabler helping private players to step in with investment across sectors
What is right about the budget:[/i][/b][/i][/b]
Fertilizer being considered as a sub sector of infrastructure is a major shift, microfinance, and infrastructure bonds for railways, commitment to reduce fiscal deficit over the next couple of years to 3.5% of GDP, introduction of bill for constitutional amendment, increase in FII investment limit in bonds and proposals to check black money, farm credit increase to Rs 475,000 crore
What is wrong about the budget:[/i][/b][/i][/b]
No proposals on FDI in multi-brand retail. No measures on oil price deregulation — especially important in the wake of rising crude prices. Taxation of hospital can increase cost of healthcare to the people.
Allocation of Rs 28,000 crore to healthcare is still too low. More resource allocation for education is necessary. The defence budget alone is more than expenditure on health and education combined. The
MAT has been increased from 18% to 18.5%.This is a negative for corporate India
What can be done to improve the Government’s image:[/i][/b][/i][/b]
Increase checks and balances in public accounts to prevent recurrence of scams, restore investor confidence and public faith. Implementation and performance management systems need to be restructured for infrastructure development. More favorable credit policies must be offered to small and marginal farmers to drive growth in the agricultural sector.
President, Finance Club
By SECOND YEAR STUDENT IIM-C[/i][/b][/i][/b]
The budget has increased credit flows to agriculture sector by allocating more funds under the Rashtriya Krishi Vikash Yojana. The government is also trying to increase the foreign institutional investments. For that, the FM has increased the cap on FII funding
By FIRST YEAR STUDENT IIM-C[/i][/b][/i][/b]
Prashant Chaurasiya from HK College : [/i][/b]It is nearly as it was expected before presenting [/b]budget such as GST, FDI[/i][/b][/i]
Manoj Maurya [/i][/b]from HK College: [/i][/b]It is not much beneficial to the aam aadmi because of inflation of food prices.[/i]
Bhargav Mehta [/i][/b]from HK College: [/i][/b]Budget should be understanding and comprising and every one can take the advantage ***[/i]
Kiran J. [/i][/b]from HK College: [/i][/b]The budget was good for BPL people. There was TAX exemption for the middle and higher income person.[/b][/i]
Mihir Haria [/i][/b]from HK College: [/i][/b]The inflation rate will come down on food products.[/i]
Abhijith Balan [/i][/b]from HK College: Hope to get some relaxation with terms to educational loans.[/i][/b]
Swati Sangai [/i][/b]from HK College: [/i][/b]Aam Admi should get the maximum relaxation as he is the one who bears the maximum brunts of inflation with respect to inflation and taxes.[/i]
Nutan Bhater [/i][/b]from HK College: [/i][/b]Budget for inflation rate should come down at food production.[/i]
Mayuri Chiplunkar [/i][/b]from HK College: [/i][/b]There should be TAX free limit for long term saving and FDI should be allowed in retail as it will be beneficial to us.[/i]
Jitendra Soni [/i][/b]from HK College: [/i][/b]There should be more subsidies for farmers Encouragement in education. Low TAX, direct & indirect and rural and state development.[/i]
Chirag Parmar [/i][/b]from HK College: [/i][/b]Yes, it’s good till some extent, as we students get easy availability of loans at low interest rate after the budget.[/i]
Sudipto Das [/i][/b]from HK College:[/i][/b] In budget, FM proposed for 3000 cr. To NABARD and hiked priority housing loan limit (5- 15 Lakh extended)[/i]
Sonal Pande [/i][/b]from HK College: [/i][/b]The budget was good as it has come up with more 15 mega food parks & it also raised goodwill development plans to Rs. 18000 cr.[/i]
Shivram Samant [/i][/b]from HK College: [/i][/b]the gap between retail and wholesale should be minimize.[/i]
Punit Sheth [/i][/b]from HK College: [/i][/b]Considering the series of corruption scams I feel the government will try its every bit to make this budget as aam aadmi’s budget.[/i]
Aniket Gawali [/i][/b]from HK College: [/i][/b]As agriculture sector is growing at a rate of 5.6% they should concentrate more on this sector and they should introduce new beneficial schemes for them which will increase their annual income.[/i]
Shiny Mathews [/i][/b]from HK College: [/i][/b]This budget focused on 2% increase in subsidies to agricultural sector which was very commendable and increase in GDP to 9% in the next financial year is challenging.[/i]
Neetu Verma [/i][/b]from HK College: [/i][/b]I hope in this budget we expect to see the inflation rate to go down and reduce as minimum as possible.[/i]
Prameela Poojary [/i][/b]from HK College: [/i][/b]I hope in this budget the agriculture sector should be given a little more attention.[/i]
Hemangi Joshi [/i][/b]from HK College: [/i][/b]Allocation for farm development raised. Interest increased in short term loan by 3%. Rs. 500cr for Woman growth development.[/i]
Amishi Sheth [/i][/b]from HK College: [/i][/b]From the budget I expect that there should be low entertainment tax charged and even the natural resources prices should be cut down, so that it may be affordable to the aam aadmi..!!![/i]
[/i]
"Budget focuses on inclusive growth, measures have been highlighted to improve investments , infrastructure and fiscal consolidation. indexing wages under MNERGA will add to the purchasing power in rural areas. Allocation of Rs 3000 cr for agriculture has been a significant move , agriculture has been one of the driving sector for 8.2% growth rate along with mining. Most expected Inflation is still a matter of concern which i think was not addressed well. With the prices of commodity and fuel rising it will be difficult for the government to woo the voters in coming election in 5 states."[/i][/i]
- Praful Bodra- LIBA[/i][/b][/i][/b]
"The Finance Minister's move of a major overhaul in the Personal Income Tax slabs was a welcome surprise. This will put an additional disposable income in the hands of the consumer, which in turn will encourage greater spending by the consumers and also take care of the partial withdrawal of stimulus measures by the government. I'm happy with the idea of a greater disposable income at hand.It will definitely boost my savings and spending"[/i][/i]
- Gracelyne Fernando- LIBA[/i][/b][/i][/b]
"The positives of the budget like the tax slabs and reduction customs excise are evident and that has set a positive overtone"[/i][/i]
- Jebaston Jebakumar – LIBA[/i][/b][/i][/b]
"It's a Green Budget...It's Pro-Agriculture..."[/i][/i]
--Arun Panigrahi, Indian Institute of Foreign Trade Class of 2012[/i][/b][/i][/b]
[/i][/b]"A growth oriented budget for both the corporate and the masses...."[/i][/i]
--Rajesh Beriwal , Indian Institute of Foreign Trade, Class of 2012[/i][/b][/i][/b]
[/i][/b]"The salaried class has not been benefited in any way. [/i][/i]
The tax slabs needed to be widened to give a cushion against increasingly high prices of essential goods....."[/i][/i]
--Kishan Kunal, Indian Institute of Foreign Trade, Class of 2012[/i][/b][/i][/b]
" Education and agriculture sector are duly taken care of...keeping the masses happy....[/i][/i]
Also at the same time, the corporates are kept happy by not taking away the existing incentives and keeping the tax regime same...[/i][/i]
Hence a balanced budget.."[/i][/i]
--Anoop Poonia, Indian Institute of Foreign Trade ,Class of 2012[/i][/b][/i][/b]
"With respect to auto-sector, the budget has promoted Green technology in the auto sector."[/i][/i]
--Abhishek Gudimetala, Indian Institute of Foreign Trade, Class of 2012 [/i][/b][/i][/b]
Very silent budget .. looks like Govt. doesn't wants to create any waves for reforms !! [/i][/i]
- ANKUR JAIN[/i][/b][/i][/b]
This could have been a better budget in terms of controlling the inflation,road map of fiscal measures and long term measures like policy change and reforms should have been given. Another missed opportunity was goods and services tax. No clear framework of providing cash payments to the people of BPL was given. Direct tax exemption was well awaited and hence included in the budget. Investment in infrastructure and agriculture sector looks promising. All in all a flat budget when indian economy is trying to grow and fighting with inflation as well. Pranab da you could do better[/i][/i]
- ASHUTOSH MISHRA[/i][/b][/i][/b]
Bad Budget. ..... increased tax slab from 1,60,000 to 1,80,000 (nothing big) High projected rates, let see end result on budget 2012[/i][/i]
- SUMIT KOTHARI[/i][/b][/i][/b]
"Concentration on Fiscal Deficit" This is in line with planed fiscal deficit by govt. [/i][/i]
FY11-5.1%[/i][/i]
FY12-4.6%[/i][/i]
Also more flow of FDI & FII, FII are allowed to invest in corp bonds & MF also on higher extent....[/i][/i]
- VINEET PATIL[/i][/b][/i][/b]
Did not deal with FDI limits at all. Very much expected in the Budget.[/i][/i]
- Richa Shreshta[/i][/b][/i][/b]
It's a smart move in order to maintain good image in the eyes of people by excluding all the critical issues conveniently.[/i][/i]
- MANASI RADDI[/i][/b][/i][/b]
Food inflation remains a concern..[/i][/i]
- UMA HARIDAS[/i][/b][/i][/b]
Budget with a Cautious approach.[/i][/i]
Opportunity lost to bring in major reforms.[/i][/i]
By Somnath Deepak - [/i][/b]Sri Sri College of Management[/b][/i][/b]
Goan Mining suffers from increased export duties[/i][/i]
By Gazala Inamdar - [/i][/b]Sri Sri College of Management[/b][/i][/b]
Government finally realizes its time to disinvest...will boost IPO's[/i][/b][/i]
By Neeraj Phadte- [/i][/b]Sri Sri College of Management[/b][/b]
Sheeba [/b]from Christ College[/b]: Not pocket friendly- household expenses on a rise
Navneeth [/b]from Christ College:[/b] Growth oriented budget
Sanjeeth Lukram [/b]from Christ College:[/b] Rosy Picture but untrue, wolf in lams skin
Sri ram Raghu Vamsi[/b] from Christ College:[/b] Lacks equal proportion and might not help India
Aashish Sharma [/b]from Christ College:[/b] Good entrepreneurs, budget to balance between deficit and growth
Shriti[/b] from Christ College[/b] : 80 years above only beneficial for MLA for tax evasion
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