In a nut shell INDIA is trying to behave like America what i have understood from the budget is spend on those

items which shows standard of living is improving in INDIA not on those items which shows India still lives in village. Finance Minister Pranab Mukrejee persented the budget on friday for this fiscal year in which he says that bicycle is going to be costly by 30% so don't ride cycle that clearly shows how poor we people are instead take a flight to go anywhere because if fdi comes in avaition sector fares are going to be much cheaper. invest in share market take more and more loan he is going to introduce new laws regaridng microfinance. he is making tobacco really cheap by decresing the duty tax,so prices of the cigarattes and other tobacco goods will come down just to pretend he has only increased on costly tobacco. he is focusing more on agriculture which he should be which is cleraly shown from farmers can take more loan from microfinance agriculture will do well and incresed budget for agriculture by 20% which is 20,1245 corewhich is clearly the good sign. all the equipments for fertiliser will be fully expemt duty free.so that farmers can do more productivity. dtc not implemented so that govermrt is tax more from different sources and decrease it fiscal deficiet and gold and platinum other jewellery is going to be costly there is going to be less tax on entertainment and education so one side student will go to college and from

there to cinema hall because both of the items would be less expensive. this yr GDP to be around 6.8% but next year it is going to be 7.5%so this yr more unemployment. electronics are going to pretty cheap because he has decreased the import duty on lcd, led and other items so watch telivison FDI will come in retail sector which government certainly does not know the disadvantages.jus like britishers they will come this yr next two to three yr they will settle themselves and they will settle all retailers business they are not aware by the multi retail chain in uk and america in america there is wall mart where they are facing the criminal law suit,and controlling the government. Energy is going to be less expensive goverment is trying evert bit it can do by decreasing the coal duty tax as well as on lng and side by side decresing the cost of energy saving lamps because crude will increse in near future and touch new high if there is war on iran and like america food subsidy is being provided .and that people do not work and rajiv gandhi scheme where people can invest more money .

More and more construction,infratructure will be done in coming years more pranab jee has decreased import duty on iron ore and for the construction which machinery are used will be available at less the rate. there will be more focus on internal demand because whole world is deeping in to crisis if we could be saved is from internal demand only, because he also agrees global crisis has affected INDIA as well.

over all budget is really good according to me because at some point this man is looking for long term growth and you can spend more by 20k more tax limit has been increased from 1.8 to 2 lakh. Certainly in other cases too tax slabs has been revised which clearly show that people of India should spend more rather on saving so that government could take more tax ,which is good for everybody government could decrease its fiscal deficit by charging more tax on the spended income. Pranab jee is behaving like Greenspan.

zion