With the government firmly in place
it’s the wish of every Indian to see the
government is up to its job. The budget
is likely to be presented on 3rd July.
Everyone has a wish list for the Finance
Minister. Just a week back top CEO’s
from the industry visited the Finance Ministerand presented
him their wish list. Well they demand only one thingand that
is to lower taxes. The working middle class would like to have
tax for higher slabs of income. Well I feel the FM should focus
first on the poorest of the poor.
The tax paying middle class hardly contributes 3% of
the population of India.The Government has raised the tax slabs
considerably in the last five years. When theNDAwas in power
a person earning less than a lakh had to pay taxes, now up to
1.5 lakh is completely tax free (its 1.8 lakh for women) and we
can add another 1 lakh under the section 80c deductions. The
BJP manifesto had one bizarre promise. They promised to raise
the ‘ No Income Tax’ slab to 3 lakh! If a person who earns more
than twenty thousand a month does not pay taxes then I wonder
who will!
The Left parties who were shown the door in the elections
may not be a hot favorite of the media now, but we need to be
thankful to them in more ways than one. Firstly Karat is right
when he says that the Left saved India from the financial
turmoil. Imagine our banks, insurance companies under
the Americans? Millions would have lost their jobs. And
now for an honest rendition of the election results. The
INC was voted to power not because it made sure the
Indo-US deal went through the parliament but because
it came up with social security schemes like the NREGA,
farm loan waiver etc. and had promised rice at 3 rupees a
kilo for families below the poverty line. As for the
implementation of the NREGA the credit should go to the
Left parties and the NAC (National Advisory Council). The
NAC had some tooth in the beginning because Mrs. Gandhi
was the Chairperson of the NAC before she steeped down
as being the chairperson amounts to holding an office of profit.
I am not anti-reform, but the first priority
should not be reform, but the aam admi.
The following happen only in India
1.836million of the 1.2 billion in India live on less than 20
rupees a day.
2.India is 126 in Human Development Index (HDI).
3.Life expectancy in India is less than Bolivia (poorest
nation in South America), Kazakhstan and
Mongolia and more shockingly,
4. India has added more newly hungry in millions than
the rest of the world put together!
So please place the Aam Aadmi ( which the government
claims to represent ) in front of everything.
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