Nowadays wherever I go the word Budget follows. Whether it is the Finance classroom discussion or the Finance brown papers or even my maid .. yeah even the maid is estatic about what the budget holds for her. Finance papers have to print about budget otherwise they who will do that anyways. As for the classrooms especially the Taxation subject, the professor finds mixing budget and his subject contents a source for our presentations.
These three aspects gave me food for thought or rather finance for thought (Err .. Bad Humour).
In the first case, reading a brown paper has become a ritual for me. Page 3 bombshells have been replaced by bombs at the Dalal Street. So be it ... atleast I am learning something new. A 36-24-36 would remain same but a scrip from 36 to 24 and back to 36 at EOD changes the entire perspective of a company. Coming back to the topic, Budget expectations are being chewed and almost spit ... ruminated again almost spit .. naah again ruminated and finally spit !! One of the main items which caught my eye is whether the excise duties for certain consumer commodities will change or not. Afterall now I am a student, buying even a shirt from my static-never increasing savings gives me goosebumps. In such a scenario if the government helps nothing like it.
Secondly, my maid might not know the big catastrophes faced by the country but she definitely knows that the cat steals food in her house. She is waiting for the prices to go down. How she doesn't know but yeah she wants it to go down otherwise Pranab Mukherjee is the biggest villain in her eyes. Even bigger than Shakti Kapoor or Gulshan Grover. But yes, will the price of food grains or oil go down, the margins of middlemen reduced and will farmers gain ... wait and watch people.
Finally, as a part of Taxation subject presentation, we have to see the general budget details but I m more interested in studying the Budget effect and DTC ( Direct Tax Code). With DTC evident one fine day will the FM make any amendments to the current tax slabs and get it in sync with the one to be offered.
There is so much reading and explaining to my selves, my professors and even my maid (That mom will do though) so thats it for now. Reading about the Budget 2012 starts now ...