Like a good magician the Finance Minister Pranab Mukherjee hid from the vision of aam admi (common people) whatever is not to his / her liking – such as disinvestment and encouraging FII inflow – the measures the business lobby had been expectantly waiting for. This promptly led to sharp and hasty downturn in the stock market.
Common people in a way feel relieved at lifting of threshold of income level liable to tax by an amount ranging from ten to fifteen thousand rupees. Similarly massive spending envisaged for infrastructure and for rural employment program gives hope of increased employment opportunities.
A balancing act for the rich and the poor!
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K.V.A. Iyer
K.V.A. Iyer
(The author is a trade unionist and small investor)
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Tel: +91 484 2331922
Fax: +44 20 31630844
Cell: +91 98471 31136
Email: iyervisual@gmail.com
GAYATHRI
37/2295-A, Ponoth Road
Kaloor, Cochin – 682 017 (India)
Tel: +91 484 2331922
Fax: +44 20 31630844
Cell: +91 98471 31136
Email: iyervisual@gmail.com
GAYATHRI
37/2295-A, Ponoth Road
Kaloor, Cochin – 682 017 (India)
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