By Somali K Chakrabarti
Market commotion
cools as budget scrutiny picks
devil is in the fine print
A day post Budget, newspapers are rife with Budget analysis, the uncertainty is over and market is up again.
With India having been hailed as a ‘bright spot’ amidst a slowing global economy by IMF, the budget focus has been on
- Ensuring macro-economic stability and prudent fiscal management.
- Boosting on domestic demand
- Continuing with the pace of economic reforms and policy initiatives to change the lives of people for the better.
Budget has different impact for different people. Here are some Budget Haiku to highlight a few key features of the Budget 2016.
Fiscal caution spurs
anticipation for lower
Interest rates
As the government sticks to a fiscal deficit target of 3.5% for fiscal 2015, market experts are of the view that RBI may ease interest rates further in the next monetary policy to spur demand.
Roads to join remote
markets with farms to ease the toil
for tillers of soil
Focus on highways and roads to connect remote villages with cities will give the farmers better access to the markets, where there goods are sold.
Freedom from tax for
first three years for startups will help
lower entry barrier
To give a boost to startups for generating employment, the budget allows for tax exemption for the first three years of inception of a startup. This would ease the entry barriers and empower entrepreneurship.
Pay more for travel,
car, branded attire, less in your
kitty when you retire
Air fare, Cars , branded garments, locally made mobiles, smart watches, cigarettes and aerated drinks will be costlier.
Until now, NPS was completely taxable on maturity (on retirement), while EPF was not. PF schemes enjoyed the tax status of exempt-exempt-exempt (EEE), meaning no tax on contribution, interest or at withdrawal).
To bring about parity in New Pension Scheme and other retirement schemes, the government has decided to impose tax at the time of withdrawal on 60 per cent of the contributions made after 1 April, 2016, to EPF and other schemes. The setback for the salaried class has met with strong reactions on social media.
With no major negative announcements, and the budget being considered as inclusive and neutral. the market has surged again.
Lei: A wreath for your soul is a string of short poems reflecting on nature, life, illusion and inspiration.
If you like this post, please consider following the blog.
Please like, share and/or leave feedback in comments below!
Good post. While on this please read my post – Long lasting Budget wishlist – http://wp.me/p1dZc2-r7
Feeback most welcome. Thanks
LikeLiked by 1 person
Thank you for stopping by. Enjoyed reading your observations and advice to the FM. It is a simple wishlist but as you know simple changes are sometimes the hardest to bring about.
LikeLike
My comment on your post has gone to the spam. Kindly retrieve.
LikeLike
thanks! Will do
LikeLiked by 1 person
I am sure that you must be the first person on the planet to compose Budget Haiku!
LikeLiked by 1 person
Well Mick, no harm in getting others started on it. 😀 Thank you for reading,
LikeLiked by 1 person
Beautiful application of left and right brains together. Well, you should apply for the copyright of the term ‘Budget Haiku.’ 🙂
LikeLiked by 1 person
Thank you Ravish. May be I should seriously think about your advice on copyright. 😀
LikeLike
Amazing! You really must be the first one to bring out poetic imagination out of such a purely mundane and prosaic thing!
LikeLiked by 1 person
You can gauge how badly I have got addicted to haiku/ micro poetry. 🙂 Thank you Maniparna.
LikeLiked by 1 person
Haha…that’s true… 😀
LikeLiked by 1 person
A novel presentation of the highlights of budget in Haikus make it an interesting read..
LikeLiked by 1 person
Thank you Sir for stopping by to read and comment.
LikeLike
That was an altogether different way to present the nitty gritties on the budget…great job with the haikus!
LikeLiked by 1 person
Thank you Hargun. 🙂
LikeLiked by 1 person
Hehe. .didn’t followed the budget. But this was a real good budget in nutshell. 🙂
LikeLiked by 1 person
Good that it attracted your attention to the budget. 🙂 Thank you Nitin.
LikeLiked by 1 person
Yes. It did. 🙂
LikeLike
Finding inspiration in the most unusual places…
LikeLiked by 1 person
Thank you Maremma. This was all over the place, so just thought of jotting down the key points. 🙂
LikeLike
Budget 2016 well defined in few quotes. Even those who do not understand the intricacies of the budget and finance may comprehend budget 2016 with going through these quotes. Keep it up Somali Ji.
LikeLiked by 1 person
Thank you so much for your kind words Singh ji. 🙂
LikeLike
Poetic expression of the mundane subject of budget. A lively and breezy post.
LikeLike