Sunday, February 3, 2013

Transparent Budget

Openness is good but the budget should be fair and people oriented and not market oriented. The major problems of the economy is inequality of income and high level inflation creating a big social issue and people are becoming intolerant. The FM can do a lot in his transparent budget to minimise the gap between the poor and the rich through direct and indirect tax. The service tax is wide spread adding to inflation. The cost of living has to be considerably brought down and the FM can be transparent as to how much the rich and poor earn and how much they spend and save. Dividend earned in crores of rupees is not taxed where as the poor man is robbed of his entire income earned through his labour by way of inflation. Can the FM be transparent. The author has not touched upon the major issues of the budget and how it has been harassing the majority of the people. Dr.T.V.Gopalakrishnan
( This comment is  in response to an article on From Kirana store Budget to Budget in of Times of India dated 3/2/13)

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