Budget 2007/08 - Most Awaited Time Of The Year?
Frankly speaking, I have never put my foot in this arena before. But this time I am looking forward to it. Its one thing most awaited as it seriously affects various aspects of life.
I have been going through various predictions, polls, surveys in past few days related to upcoming budget. But surveys show that many people are not interested in what it will be. There is one simple reason. The essential commodities are going to become costlier, no doubt. And why taxes are increased on certain entities is really not known. There is no transparency that why certain items are made costlier even when the country's reserves are no short, and supply is good. The general reaction is just one - taxes are increased to satisfy politicians' luxurious needs, their pockets and bank balances. And why this burden is only on essential commodities and not the luxurious ones - government can ask common man to pay more; let rich be more rich and poor become more poor.
Where the money is getting utilized and for what purpose? Where is it going? How much money has been collected fom taxes, from where the tax is being collected more and where it is utilized finally? Don't we, the citizens, have the right to know about each and every rupee that is being spent?
The infaltion rate is high and government talks about the growth rate? The things look irregular. Most of the polls show that people are in favor of maintaining both. Medium inflation and then, look for growth. But government, or in other words - governments over the years, don't seem to be interested in controlling inflation. Whats the use of killing its own people and boasting of high growth rate? Today morning only, I went through this new piece of information that VAT is all set to increase from April 2008 from 4% to 5% and guess what, its essential commodities again - Gas, wheat, flour, rice, pulses...And what's more, April 2009 will see this increase go from 5% to 6%.
More interesting fact that came up in surveys was that people are ready to pay taxes in certain fields, if they are going to be utilized in that field only - like education, health etc. But does that ever happens?
Let's see what government has in store for aam aadmi this time. The process that may alter the economics of all our households. I am surely going to keep an eye this time. Watch this space for more!
