According to me the 2 most Important things of this budget are:
1-Can higher prices of Diesel/petrol be justified?
2-Change of personal income slab? why
Ans to the first question is today crude oil prices are hovering at 112 $ a barrel nearly half of 147 $ so why should the government bear the wasteful subsidy,especially when the oil companies are groaning under the burden.As our PM said now when economy is recovering and people can bear few extra bucks so save governments money for harder times.
The next important thing was change in annual tax slab,the strategy perhaps is that the higher disposable income would itself propel growth through higher consumer demand or else lead to long term savings through infrastructure bonds.A high savings rate is the best bet for any country as it offers long term funds for infrastructure.
Hence don't worry dude what FM is asking you is just spend more "consume" and don't worry when the crude prices again go high we will rescue you,but today u will have to pay.
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