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A safe Union Budget 2011-12: Ganeshaspeaks

Union Budget for the financial year 2011-2012 shall be presented by Hon'able Minister of Finance Shri Pranab Mukherjee. It is set to be a consumption driven Budget.

February 28, 2011 / 08:58 IST
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A safe Union Budget 2011-12 amidst chaotic and muddling planetary alignments, says Ganesha.

Union Budget for the financial year 2011-2012 shall be presented by Hon'able Minister of Finance Shri Pranab Mukherjee. It is set to be a consumption driven Budget, which would be aimed at propelling the country higher onto the growth curve. The rising inflation and fiscal deficit of approximately 4.8% to 5.5% have made this Budget an awaited one. As every year, this time around too people are pinning high hopes on this Budget, and sincerely hope to get some relief from the rising inflation and other government policies. Three main reasons are the root cause behind our current national financial problems - high government expenditure, unsustainable subsidies and steep interest payments. Whether or not our dear Finance Minister fulfils the hope of the teeming millions of India by handling these areas of concern is a question that will only be answered when the Union Budget gets finally presented in the parliament on 28th February 2011? Then, it'll be for us to see if the Budget 2011 turns out to be people friendly or unsympathetic to the common man. Ganesha takes a look at overall commerce and industry of India, and gives his astrological analysis on the approaching Union Budget 2011-2012. On the day when the Union Budget is presented by the FM in the parliament, transiting Jupiter will be in its own sign, Pisces. Transiting Mars will be conjunct transiting Sun in the tenth house. This planetary combination is called as Surya-Mangal Angarak Yog. The another potent combination present on 28th February 2011 is Chandra-Rahu Grahan Yog. Our reference point while doing any reading of a major national event is India's natal chart. As per the chart, India has Taurus as the ascendant with its natal Sun being posited in the 3rd house in the sign of Cancer. However, on the day of the 2011 Union Budget, transiting Sun passes through the inauspicious Shatatara Nakshatra in the sign of Aquarius. Ganesha foresees that there may be heavy discussions and arguments as the Budget may propose to replace the Income-Tax act with Direct Taxes Code. Consequently, the government may also take a tough stance on petrol prices and other related products. Ganesha also foresees electricity prices going up as result the Union Budget 2011. Since the transiting Sun will be in the Constellation of Rahu, Ganesha foresees that the products utilising atomic energy and electrical shares may remain in news. In the natal chart of India, Moon is posited in the third house in the sign of Cancer. While on the day of the Budget, transiting Moon will pass through Purvasadha Nakshatra in the sign of Sagittarius. This indicates that the prices of Rubber, Tobacco,Tin Shares, Wheat, Castor Seeds, Rice, Clarified Butter, Sandal Wood, Perfumeries, Diamond, Cloth, Wool, Plastic, will be affected in some or the other way. Additionally, banking shares, marine products, metals like tin and zinc, insurance sector and foreign bonds shall be in the news. On this day, Moon is conjunct Rahu, the resulting yoga called as the Chandra-Grahan Yoga, is not a good combination. As per vedic astrology which states "Chandrama Manso Jataha" or in other words, 'moon signifies the mind', it is well understood that if moon gets affected negatively, it's the mind that bears the results in form of confusion and lack of clarity. Mars in India's natal chart is posited in the second house in the sign of Gemini and on the day of the budget transiting Mars is passing through Shatatara Nakshatra in the sign of Aquarius. On the same day transiting Ketu is passing over the natal Mars in the second house. As Ketu is transiting through Gemini, this planetary combination may not bear positive in results though something negative can be expected. Mars represents the areas of Castings & Forgings, Chemicals, Cigarettes, Construction and Contracting, Housing - Real Estate, Detergents, Dry Cells, Dyes and Pigments, Plantations - Tea & Coffee, Refineries, Agro-Chemicals, Ceramics, Building materials like tiles, marble, granite etc. The transit of Jupiter through Utrabhadra Pada Nakshatra in its own sign of Pisces which governs the eleventh house of India's natal chart may bear some benefits for the areas of financial institutions, investments, leasing and hire-purchase, term-lending Institutions, shipping, religious products, temples, trusts, government loans, bonds and government securities, education sector. Venus, the Lord of the ascendant and the sixth house as per India's natal chart, will be passing through sign of Capricorn. This indicates that due emphasis will be on legal activities, research work, public activity, automotive sector - 2 and 3 Wheelers. Transiting Mercury, Sun and Mars will be in conjunction in the tenth house in the sign of Aquarius. This House represent the import-export, National Growth, Foreign Trade, Rural Advancement. Also, the combination of Sun-Mars (Angarak Yoga) shall instigate the Finance Minister to bring out and cover the crucial fiscal and financial aspects like revenue deficit, fixed deposit, flow of FDIs, Inflation rate and GDP growth rate. Despite criticism by the opposition, Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee will do their utmost to present a progressive budget for the country, but will fail to garner appreciation for the same. The conjunction of transiting Moon and Rahu in the 8th house on the day of the Budget indicates that the FM may try to play safe, but will make efforts to maintain the growth rate. Currently, India is under the influence of Mars-Moon-Jupiter Mahadasha, and on the day of the budget, Sun is Vargottama planet, so pharma sector can expect some boost. The dashanath on that day is Mars, and Mars rules foreign and partnership house, so PSU Banks and foreign bank partnership may come under scanner and may get affected. Also, the IT and Software sector, particularly some software types, may get some benefit in this Budget. Pratyantardashanath Jupiter transits over its own sign Pisces, and hence Education will become more affordable, but higher education will be heavier on the exchequer's pocket. Overall, the FM, in all likelihood, shall present a Budget that will be safe yet difficult to decipher, but will have a 'legacy' effect
first published: Feb 28, 2011 08:51 am

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