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Tuesday, July 23, 2024

BUDGET - layman's point of view & understanding

 

My two cents on Budget – never try to read all the lines – 



·                                          In 1970s, on Mar 31, people would stand in long long queues at Mount Road petrol bunk to fill their Luna mopeds and Lambretta scooters that would have less than 10 litre capacity and would fill up

·        The price would go up by say 3 rupees – your gain hardly is 10 x 3

·        Some part would be lost in evaporation and spillage – and it was never the worth 

Meantime they would (those days import duty was not structured) and was around 300% or more for some items – a small line fineprint would say for rayon / nylon or for something else – customs duty changed by 5% and that would benefit the elite few by crore (of those days) 

Meantime we would search whether standard deduction gets raised by another 2000 or more ....    ..   

*Following great Vadivelu – I only put Rs.300 petrol for 2 wheeler and 2000 for car – whenever the indicator mullu comes lower ! so no change for common man (konjam siringappu – kovam vendam)*   

Well- don't take this seriously !!


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