DID THE BUD GET BLOOSOMED IN THE BUDGET 2013-14?

This post is having some special issues, as it completely reviews the old budget in the scenario of the next up coming budget, which is being placed in a very short period... It was Feb 28th 2013 in the noon in the parliament New Delhi. The whole country and international investors were looking with curiosity for the upcoming placement of a magnacarta for the coming financial year. Yes, it’s the day on which financial budget gets presented every year. It is a framework for the entire financial year from 1st April 2013 to 31st March 2014. India has just now how ever getting out of the crisis of economic cycles and crawling towards the problem of fiscal deficit. The union government with lots of opposition has just now adapted foreign direct investment which is creating an imbalance in the fiscal deficit of current accounts. The finance minister Mr. P. Chidambaram has expected for 6.5 % of growth in GDP economic growth in the coming finance year. But, the foreign investors are giving their opinion that the trouble in the fiscal deficit is lacking their enthusiasm to invest in India. But, the Indian economists are predicting of a considerable increase in the foreign investments in Indian business due to the favorable union financial policy. The Indian business personals are not how ever profited with the budget as the budget aims more at foreign investors than the local personals. The budget does not seem favourable to the commons. The tax limit since two years was stagnant at rs. Two laths due to inflation as to decrease the liquidity of cash among the commons. But the inflation has now under control and the government has not still increased the limit. The women tax payers are also not benefited either by increasing the tax limits or the savings. The budget framers have predicted a positive change in the economic trend as the liquidity decreases, the demand for commodities also decreases. Consequently, the prices of commodities are expected to be gradual downfall, which also brings a eco-friendly trend in the economic system. How ever, it is expected that, India will have a tremendous economic growth in the coming six months due to this budget. Though it seems unfavourable in the short time for the middle class people, it is expected to help in the long run economic growth and investments. By Pallavi S.J