A Ginger Guide to Budget ‘09

July 6, 2009
By Lakshmi Rajan

The Budget ‘09 is presented today in parliament by Pranab Mukherjee and by now all the television channels are having field day analyzing , reanalyzing , debating and debating again on what was debated , talked in length , breadth and all the geometrical permutations possible and if you are common man but with a keen interest towards budget reality show , you must be by now exhausted , over consumed with the numbers and even if the numbers , percentages started dancing before your eyes , can’t help it..

So let me give a gingerly guide to what the Budget ‘09 means for You , Me , We !

Sweeter things first !

smileys

  1. Select life saving drugs
  2. LCD TVs
  3. Mobile phones
  4. Branded Jewellery
  5. Sports products
  6. Leather products
  7. Packaged software
  8. Footwear.
  9. corals

All this may come bit lighter on your wallet ! Damn it ! My wife  picked an Adidas only 3 days back *sighs*

Green brigade can cheer a bit too since there are some duty sops for bio-fuels and generators used in environment-friendly sectors. Yo Green !

Tax faces the Axe :

Senior citizens can smile a bit more with IT exemption limit raised by Rs.15,000

Their children can smile too , with IT exemption limits increased by Rs.10000 for others.

Hold on . 10% surcharge on personal income tax scrapped too.

Now time for bitter pills :

 Sad

To cost more :

  1. Gold and Silver
  2. Set top boxes
  3. Cosmetic surgery

Ok enough for the common man , what about the social sectors ?

Loads of regular stress on rural sector, agriculture sector ,empowerment of weaker sections and minorities , health care , education are there with increased allocation to various schemes.

You can read all the complete details here >> Indian Budget highlights document

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One Response to “ A Ginger Guide to Budget ‘09 ”

  1. Manish Misra on July 9, 2009 at 12:09 am

    Nice post! Smile

    If you really want to know how sweet the tax sops announced in the budget are for you, check out my post – “Budget 2009-10 – Calculate your Income Tax Impact

    Also see my (some what serious Wink ) review of the budget-09 “Union Budget 2009-10 lacked Fizz!

    Will look forward for your feedback.

    Manish

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