Friday 21 April 2017

Union Budget review 2016 and 2017

It's good to go through union budget 2016 that's rejuvenating & full focused on agriculture & rural economy. Keeping great focus on farmers & bpl population is again a good initiative. There is something for almost all sectors including startups. But there shall be some provisions to deregulate startups too since in booming economy like India there are always huge chances of defraud by culpable minds. Though increased tariff on cigarettes is a good initiative to curb unhealthy habits but on the other hand not changing beedi rates will help the mass population in getting more habituated with it. The amnesty scheme on unaccounted money has both positive & negative impact since on one hand it's gonna help defaulters to avoid prosecution but on the other hand it'll motivate them to accumulate more black money for future settlement using scheme. Overall reforms on taxes are stable.

 Union Budget 2017 was tough to frame in the recent years due to the demonetization of Rs 500 and Rs 1,000 notes that induced much issues in the individuals' life. However, the Concept of 'something for everyone' has been kept intact this year too. Revamp of budget this year was fine & stable.


                                                                -  MANJRI BHOSLE

# Great work by our honorable finance minister !




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