Budget 2010 - Leading India towards world economic power
Published on Fri, Jun 05, 2009 at 14:28 | Source : Moneycontrol.com
Updated at Thu, Jun 18, 2009 at 21:51
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Budget 2010 - Leading India towards world economic power
According to Col Ajay Jain, CEO of www.astromoneyguru.com the union budget is an important financial document for the next one year. Combinations of Planets are most favorable for telecom, Power, Higher educations, Woman educations, real state, Media, banking, Infrastructure sectors. Special considerations for oil sectors are also expected.
8-Anouncement is expected for electronic and print media sectors, fresh foreign investment limit and other relaxation may announce 9-Power sectors may be one of the most benefited sectors for providing assistance in set up power plants and other power related industries to full fill aim to provide 100% electricity to all the village and Industries .In order to make up all deficiency for rural and Industries all possible steps may be taken 10-Altrantive energy like wind power water power mails etc may also be benefited 11-Oil and Gas sectors may also likely to get some relaxations 12 Promotional steps to health insurance 13-Hike in educations budget 14-Special announcement for defence personnel's 15-Special announcement for minority, SC and ST students at various schemes 17-Minimum wages target may increase 18-Total loan waiver for the marginal farmers possessing small piece of land. Special rebate in buying Agri cultural equipment and tools. 19-Special credit and loan facility to small farmers in buying Agri equipment. 20- Small farmers having land up to one and two hectares. Agricultural loans to be provided by scheduled commercial banks, regional rural under confessional interest rates. Post budget expectations
1- As per finical astrology Inflations rates may come down below 3% within 2-3 months and within 8 months it may come down to 1.5% too 2- GDP growth may be between 7.5% to 8.5% in year 2010-11 3- Within 2 -3 years time period shortage of power may not be seen in India 4- India can save big foreign currieries in crude oil in next 2-3 years time frame 5- Indian industrial growth will also be improved 6- There will be big political debate on budget 7-Prices of food, vegetable, may not effected 8-Relaxion in Income tax may not enough with the view of 6th pay commission revised pay scale 9-Big industries may not be satisfied with banking policies 10-Higher income group persons may not be benefited 11- Housing loan rates may come down 12- Stock and commodity future traders may welcome budget
In view of the above major benefits are expected to provide farmers, Youth, middle class tax payers. Sectors are most benefited power, real state, infrastructure, oil and gas, higher educations, Aviations, Tourism, Heath, Fertilizers, Textiles, mining, Banking and Insurance technical educations No major increase in direct tax is expected in this dream budget. I foresee a more targeted approach to assist the lower-income group and senior citizens, and for the middle-income group, a reduction in public transport costs, taxes and utility bills to ease their financial burden.