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Showing posts from March, 2012

UNION BUDGET 2012-13 ANALYSIS!

Highlights of the Budget 2012-13 REALISTIC BUDGET The 2012 budget  is a realistic budget .A budget that can best be described as a  “Balancing Act in a democratic political economy”.In the backdrop of “real  Economics” Vs. “Real politik”, the budget was definitely not the one that would grab the headlines for being a BIG-BANG budget but on a holistic basis , the budget did justice towards achieving a balanced,sustainable and inclusive growth.It was in fact an excellent piece to see how it tried to delineate a fine line in a “Mixed economy” and the changing  role of Government /state as an indicative /prescriptive organ in post –reform Indian economy  y. Simply put, this budget appeared as one which will not benefit any single individual significantly but will lay the foundation for strong political economy. NUTSHELL OF THE BUDGET -Tweaked a bit with Direct income tax ..raising the exemption limit to 2 lakhs. -Increased the indirect tax rate (EXCISE AND SERVICE TAX) to 12% ,increased