Showing posts with label vidarbha. Show all posts
Showing posts with label vidarbha. Show all posts

Monday, March 5, 2007

Budget folly

The finance minister of India has increased IT exemption for men up to 110000 , for women 145000 , and senior citizens up to 195000 . I don't understand this logic .
Nowadays women work in BPO's and MNC's ,etc . They are earning a good amount . But whatever it may be their income is an extra income to the family .While in most family in India are patriarchal where only a man earns. His parents and siblings are dependent on him . He has to look after them . Hence , he ,too , deserves higher IT exemption . Senior citzens who earn that amount are well off and most of them have children's to look after them . Even if they don't this amount is enough for them . Further they get more interest on savings . The only worry for them is medical expense . But for that there is insurance .
The finance minister has pleased these well-to-do citizens while ignoring the widows of debt-ridden farmers who committed suicide of the vidarbha region . Many more senior citizens, their parents , are in pitiful condition .Hence , if the FM would have brought their IT limit on par with the men we could use the money for these poor people .