“India is poor because rural India is poor and Rural India is poor because the farmer living in the rural area is poor”, said Mahatma Gandhi. Before the Budget the Farming community expected financial reforms that ensure credit flow, and proper extension mechanism, fair prices for their produce and better earnings and livelihoods. The major… Read More »
SMEs in India had a lot of expectations from Budget 2013 mainly because it is the last budget before the general elections in the country. Union Budget 2012 was considered as the most ‘anti-reform’ budget in the history of India. Given to the background of huge fiscal deficit, depreciating currency and sluggish growth, a non-trivial… Read More »
There are three proposals in the union budget 2013-14 that stand out with respect to start ups and MSMEs. Encouraging Micro, small and medium enterprises to grow A well intended concession besides serving its purpose, also serves a counter interest, especially when it concerns the business and economy in general. MSMEs are given numerous… Read More »
Women were expected to be given importance in this year’s Budget, considering their increasing importance in different areas in the economy – both as homemakers and as working women. The Budget was a mixed bag for women, with some positives and some expectations not met.
What will be cheaper? Leather goods including footwear should cost lower if the manufacturers pass on the duty reduction (from 7.5% to 5%) to consumers Pre-forms precious and semi-precious stones would cost lower as a result of duty reduction from 10% to 2%. It should help women shine more J Women and to some extent… Read More »
The Budget speech of the FM for many parts sounded like a speech written by a women’s liberation activist or a charming gentleman who knows how to please women folk with sweet talk. The FM’s Statement in the closing parts of his speech – quoted here “I wish to draw a picture of three faces… Read More »
Rural poor in India have been getting lot of attention in recent budgets and MGNREGA was one of the key initiatives that played a key role in uplifting the poor in rural India. This time too rural India got lot of attention but nothing beats the proposal to provide clean drinking water to rural poor!… Read More »
Women had their own expectations from the union budget, be it working women or a home maker. They are the ones who actually experience the effects of the budget as their home budgets are to be framed based on this.
The budget presented by the FM was expected to be highly populist in nature, but on the contrary it has turned out to be broadly one, that is expected to push for higher growth. The FM quoted Swami Vivekananda to indicate that it is within us to make ourselves a great financial power. He has… Read More »
Home loan EMIs definitely have a place in most of our monthly budgets. The growing property prices and the inflation hardly leaves sufficient amount after the payment of the housing loan EMIs for most of us today. However having a house is one of the basic necessities and it cannot be taken for granted. Prior… Read More »