A recap of the budget …
– Yays all over the Indian banking scene…. Banking licenses to NBFCs
– Tax payers can now breathe …. Slabs look much better with no tax upto a lakh and 60k rupees for men and a lakh and 90k rupees for women.
10% for 5 lakh
20% for 8 lakh and 30% for the high income group.
Finance Minister Pranab Mukherjee said the proposal of a reduced tax slab will benefit nearly 60% of tax payers.
46% of a sizeable part of the budget has been allocated towards urban and rural development, education and healthcare.
The only matter of concern is the increase in fuel prices. So a lot of thumbs down in that segment.
On the whole, this year’s budget gets a good, green and generous thumbsup! Yay!!!