Impact of Budget

This was the week of budget. Once again the holy ritual of presenting railways budget and union budget was followed. Every person in the country is busy analyzing how this budget is going to affect his life. Students in B-School are busy analyzing how this is going to affect their placements. We in fact had a session where students of the batch discussed which sectors are going to play a prominent role in their placements next year. Other than us, stock brokers are busy analyzing impact on stock markets, salaried middle class is busy analyzing his tax out go and so on. Ofcourse there are some who don't give a damn about how this budget is going to affect them.

Budget has become instead of being a forum for introducing policy changes and presenting accounts of the governement has become forum for presenting political manifesto of the government. No other decision by government generates as much excitment as the budget. Though some experts question if the budget is even necessary. Financial policy decision could be made throughout the year. And in such a volatile market quick policy decisions are necessary. Why should government wait till the end of financial year to make the policy decisions.

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