Monday, February 16, 2009

stimulus budget?

When everybody expected a third version of a stimulus budget due to the worldwide slowdown our FM came up with a budget mainly aimed at elections (or did it acheive even that). The budget was purely a report card for the last five years... oops sorry first 3 years of its rule, it successfully ignore the last 2 years of its rule when the slowdown occured. Pranab, who is presenting the budget after almost 25 years was expected to come up with something for everyone, but it just proved to be another election campain.
Almost immediately the stock market reacted. Due to elections coming up very soon everybody expected some sort of tax releif atleast. But it looks like for the UPA aam aadmi means the agricultrists. They dont care about the people living in the cities who produce the maximum revenue for the government. I am not against the farmers but something should have been announced to curtail the slowdown of the economy.

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