Dear Pranab Dada,
The budget 2009 was just an appeasment of richer and wealthier class for me rather than middle income groups. your proposal to raise the no tax slab by Rs10000/Rs15000 is just an eye washer and to pour a salt on the wound the tax oriented savings are still at Rs.100000 which we all middle class people thought will be raised to atleasd Rs.1.25lacs. Further the middle class income groups pockets are burnt by non abolition of dividend distribution tax and STT which is another way of stealing without knowing . your views on long term infrastructure are superb but the aam aadmi is put in a deep mess by no clear picture about plans to complete projects on hold from many years. The abolition of FBT is welcomed by corporates but on other hand you have not abolished tax on ESOPs(perquisite tax) why such unfair move??? You have removed excise on LCDs but how many Middle income groups will buy it??? You have removed surcharge of 10% but the people falling under the belt are those who are well off and cn contibute much better to the development of country by paying taxes. Your duty hike on branded jewellery is a pill which is something difficult to take for banks who sell gold bars as customer always bargains for high prices when compared to local jewellers though it is a mark of 100% purity. When health ministry wants to evade people frm smoking your move not to hike the excise on tobacco products finds as there is no consensus on the issue. Further you are very quiet on steps to be taken to control hike in essential food prices. You are also mum on Fuel pricing reforms. Though Infrastructure is given priority you are quiet on steps for completion of golden quadrilateral Project. Though Rural employment seems good but what are steps taken by you to uplift the basic education by putting quality teaches and amenities in school so that people feel like they are getting education at par with those urban counterparts. The budget seems to savior for the wealthier and a bane to to not much healthier middle class... Pranab sir Indias welath is Middle class Please nurture it well so that people remeber you as a statesmen than a politician !!!!!
Thanks and Regards
Gopal Pai M
MBA Graduate
D No 2-74
Main Road
Mani Karnataka
9886430874
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