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Feb 10, 2012

[Economy] Budget related current affairs making you nervous?

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Question via email :
When I am trying to think the budget as a Current Affairs activity, my head shakes. I have to depend on Chronicle or news papers for the highlights of the budget. I am not able to read and analyze the budget presented every year. So will it be possible for you to suggest - how to read the budget? What all things are there in Budget? What area we should focus on or not focus on?

budget is not about minute data and numbers like 15664 cr. alloted to some xyz scheme and 19.5% excise duty on footwares.

  1. all you need to understand from budget is
  2. tax slabs
  3. new policies meant for promoting FDI / business etc.
  4. broad objectives of Government welfare schemes.
  5. how will the Government handle deficit?

+ The burning issues: GST, DTC, what did the FM said in this budget speech about them?

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