India's budget documents over the last 70 years since Independence capture the struggles and achievements, frustrations and leaps of faith of India as a nation. These mirror the nation's aspirations and achievements.
The jejune budget figures spring to life in the context of India's post-colonial history Come the union budget next year, think of what you will do next morning.
You will possibly run a cursory glance at the major highlights of the budget.
Nothing more.
Now question yourself, what did people do on the morning after the union budget for the greater part of the seventy years since Independence? If you are old enough to recall, they would make a beeline for the newspapers to make out the prices of things of everyday use. From electric fans to cosmetic articles, textile items and the perceived luxury goods, prices would mostly go up.
Cigarette prices would certainly increase, much to the chagrin of smokers.
Now nobody should worry about the budget impact on prices of ordinary goods and even services. Because they would know what the rates of GST were on each of these items and the finance minister would be in no position to alter them, however much, his finances were stretched. These could be decided now by only the GST Council and this is a kind of once for all arrangement, unless there is some extraordinary snafu.
The union finance minister in a way has passed on his authority to change taxes on goods and services to GST Council. Not only he, all his state counterparts have also done so.
Bu hikaye The Daily Guardian dergisinin February 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Daily Guardian dergisinin February 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
ECI delegation in Jharkhand to review poll preparedness
A delegation of the Election Commission of India led by Chief Election Commissioner Rajiv Kumar arrived in Ranchi on Monday to review poll preparedness for assembly elections in Jharkhand expected to be held later this year.
Tirupati Prasadam row: BJP's TN unit urges Andhra govt to take action to restore trust
The BJP's Tamil Nadu unit on Monday urged the Andhra Pradesh government to take swift action to restore the trust of the devotees of Tirumala Venkateshwara Temple following the laddu prasadam controversy.
West Bengal BJP leaders stage protest, demand justice for RG Kar incident
West Bengal BJP leaders on Monday staged a protest outside the DC north office demanding justice in the RG Kar Medical College and Hospital rape-murder incident.
SC urges Parliament to amend POCSO Act to rename 'child pornography'
The Supreme Court on Monday urged the Parliament to bring a law amending the Prevention of Children from Sexual Offences (POCSO) Act to replace the term \"child pornography\" with \"child sexual exploitative and abusive material.
Apex court lists hearing on RG Kar rape-murder case for Sept. 30
The Supreme Court on Monday listed for September 30 the hearing on a suo motu petition on the rape and murder of a doctor in the state-run RG Kar Medical College and Hospital in Kolkata, West Bengal.
Farooq Abdullah urges support for Congress-NC alliance
National Conference (NC) chief Farooq Abdullah urged people to vote for the Congress-NC alliance in the ongoing Jammu and Kashmir Assembly elections, emphasizing that the contest is not about religion but about action.
Rahul Gandhi Criticizes PM Modi, Calls for Restoration of J&K Statehood
Leader of the Opposition and senior Congress leader Rahul Gandhi launched a scathing attack on Prime Minister Narendra Modi today, accusing him of ignoring critical issues in Jammu and Kashmir while engaging in rhetoric through his \"Man ki Baat\" broadcasts.
Mayawati slams Congress for marginalising Dalit leaders
In the midst of an escalating political controversy surrounding the alleged sidelining of senior Congress Dalit leader Kumari Selja in Haryana, Bahujan Samaj Party (BSP) supremo Mayawati launched a scathing attack on the Congress, accusing it of using Dalit leaders for political expediency.
Union Minister Bittu criticises Rahul, highlights respect for Sikhs as 'Sardar Ji
Following Rajasthan Congress president Govind Singh Dotasara's warning, Minister of State for Railways Ravneet Singh Bittu arrived in Jaipur on Monday.
J&K: OVER 25 LAKH VOTERS TO DECIDE FATE OF 239 CANDIDATES IN 2ND PHASE POLLS
Poonch district, with three constituencies, has 3,52,330 voters facilitated by 483 polling stations, while Reasi has 2,37,205 voters and 436 polling stations.