Birthday boy blows the budget

Source: IndiaTimes Cricket     Date: July 08, 2004

I wouldn't say economics is Greek to me, but the little I had dabbled with during my college days has been almost wiped clean from my memory.

 

My preoccupation with over-rate, strike-rate and run-rate leaves me with little time to ponder over interest or inflation rates.

 

I still remember those days when my father and uncles would remain glued to the TV on Budget day — they still do — and groan and grunt for hours. As kids, it made little sense to us, but when I grew up I realised how it affects our lives. No one is outside its purview.

Concessions on I-T welcome
Overall, I would say the budget has tried to address all sectors of the economy and all sections of society. I am glad about I-T concessions. The increase in interest rates will be welcomed by the middle class as well as pensioners.

 

Budget targeted towards all-round growth
Similarly, no tax on long-term capital gains and lower tax rate on short term gains will boost investor morale. The budget has also given several concessions to the farm sector with a view to achieving all-round growth.

Rising prices pinch everyone, but it's the poor who are hit the hardest.

Inflation a worry
Let's hope he can keep a check on inflation. Next, I am keen to know the allocation for sports: Indian sports is teeming with talent, but we need good infrastructure. And I speak here for all disciplines, not just cricket.

 

It feels good when people abroad speak in glowing terms about our fast-growing economy. Our IT guys have really put India on the world map. The opening up of our economy by successive governments means Indian goods and services are facing direct competition from global firms. The budget proposals indicate there is no going back on reforms.

 

Rating: NA  

Happy birthday! India's most successful cricket captain, with 15 wins in 38 Tests, Sourav Ganguly turned 32 on Budget Day.

 

The articulate, determined cricketer has transformed India's dismal overseas record. The high points of his tenure include a drawn series in Australia and India's first series victory in Pakistan.