Budget 2010

Union budget 2010 focus on agriculture, growth and infrastructure. The income tax slabs are changed, making it wider and simple. But this change is not beneficial for lower and middle class people. Income tax for income from 160000 to 500000 is 10% and from 500001 to 800000 is 20% and above 800000 is 30 %. The GDP growth to be targeted at 9%. There is a partial excise rollback on cement and large cars, this means the price of these items will go up. The construction sector to be adversely affected by the rise in cement price. Tobacco product excise duty to be increased. The petroleum price will go up and this could lead to price rise of essential goods. Jewellery will also see a hike in price with higher customs duty proposed on imported gold, silver and platinum. Electricity bill could also go up dew to the introduction of service tax to service provide by the electricity exchange.
I still feel that we as a country still lacking the will power to take the health cover and rural housing to every citizen of the country. NREGA is a good step towards the upliftment of rural India but the implementation needs to be checked. Making policies is easier than implementing them.