Monday, July 06, 2009

Budget 2009-10 quick review: thumbs up

It looks like it is a good budget, however sensex is down. 
coz it removed some of the complexity in direct taxes and concentrated on core sectors and sectors which has been hit most by the recession. Also it is third stimulus package so government can't dole out infinite stimulus to everybody.
However it would have been better if government would have increased the 80C limits instead of increasing the tax slabs. It would have been more effective

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