India Budget 2016 – Cut the Noise!

Cut the noise

So, the budget 2016 announcements are over. The finance minister is done with his speech.

Now the incessant and sometimes over the top, commentaries on the budget will start – by experts, economists, journalists, news anchors, et al. Each one is vying for your attention presenting analysis, etc.

I am sure you too couldn’t resist taking one glance at your TV screen or your twitter timeline to find out what’s the budget saying – such is the frenzy around the event.

As I write this, your email inbox probably has also started receiving highlights and summaries of Budget 2016 – one each from your mutual funds, online newspapers and magazines.

Several of them speculated about the budget contents. How some tax benefits are going to be taken away or how more tax benefits would come in? Thankfully, none of that came true. Gives you one more reason to not go by rumours and stay away from speculations. Basically, an urge to think for yourself.

Now, if you are really interested in what was actually said and the true highlights of the budget, here is a link to the official budget site of the Govt of India. http://indiabudget.nic.in

What’s my/ your view on the Budget 2016?

Unfortunately, I don’t plan to give any view. No highlights, no commentaries, no good, bad or ugly.

I believe you don’t need ‘one more’. But keeping in line with what I believe in let me ask you, the reader and investor, your understanding of the Budget 2016 announcements.

You would also appreciate that this budget is India’s budget, the economy of India. So, don’t just talk about the tax slabs or Section 80C. I know it is difficult to see beyond what benefits us immediately. Yet, make a try.

So, tell me how do you think this budget is right or not for the country. What’s your personal evaluation?

Remove the bias of what the experts and TV commentators say.

Doesn’t matter even if you pick only one point and have a view on that. Share it, please.

And now comes the best part. 

Where’s your budget, I mean, your personal budget?

If a country needs a budget to balance its income and expenditure and to decide its capital spending (how would it build roads, rails, metros, provide electricity, education and other things), I am sure you would need one for you too.

Does your personal budget change because of the country’s budget?

Looking forward to your comments, feedback and views on India Budget 2016.