|
Budget 2011- Turning point for Indian Economy as world power
As per Ceo of www.astromoneyguru.com the union budget is an important financial document for the next one year. The Union budget of lays down guidelines and pronouncements on different types of taxes, financial allocations for various heads, and developmental plans for different sectors. Budget is also an important source of information on government finances i.e. which way that’s heading. Every year before the budget is presented; there are expectations from people all over the country; industry and the masses alike. There are a few concerns and challenges such as inflationary pressure from food and oil. The Congress party-led government is expected to give an overview of the economy and highlight its economic achievements, at the time of budget 2011 announcement on 26th Feb 2009. One of the most expected budgets is expected to release on Feb 26th because the usual budget release date Feb 28th falls on Sunday and also for Prophet Mohammad’s birthday on 27th.Finance Minister Pranab Muhkerjee will be presenting his second budget. It will be very critical for to survive in the global economic crisis. In other hand, the budget will also be targeting on the GDP growth maintenance. As per Financial astrology year 2010-11 is represented by figure two and One and Moon and Sun are the key planet for Figure two and one. During budget there are Four major planets will be in very good conditions, Mercury,Jupiter,Sun and Venus are in Kumbh rashi which is tenth house of India horoscope . Tenth house of is being aspect by mars and Ketu while conjunctions of Four important planets (Sun, Jupiter, Venus and Mercury). This is very unique and most profitable combinations for Indian economy. All these combinations of Planets are most favorable for tele communications, Power, Higher educations, Woman educations, real state, Media, banking, Infrastructure sectors. Special considerations for oil sectors are also expected. This is first time when Jupiter Venus and Mercury are in close conjunctions in Kumbh rashi. This unique combinations may lead positive path to banking, Insurance, Media, infrastructure, Higher technical educations etc Lots of direct foreign investment may attract in above field.
As Budget will be placed on 26th Feb 2010 and Figure 8 will be allotted to Saturn which represents metal, mining, agriculture, oil &Gas cement, infrastructure, chemical, higher technical eaducations,Tourism,art and culture etc It is also indicating that Govt will pay much attentions on Moderations of Securities forces, banking and insurance sectors. Indian economy may show tremendous growth in next 3 to 5 years therefore strong financial infrastructure is one of the mandatory requirements therefore banking industries need big boost up to bear load of world fastest growing economy. Indian currency Rupee is almost at turning point in term to recongnise as major international currency therefore strong Banking infrastructure need to be world class. Thus great opportunities will be provided to foreign direct investment in banking, telecommunications, insurance, energy, auto, media, sectors to increase employment of Youth at global levels , Most high tech educations institutes from all over globe may invite to open their branches in India. As per financial astrology expectations from budget 2011 may as under
1- Main Focus is expected towards Youth and middle income group major relief is expected to provide by relax ions in income tax rebate Income tax exemptions may increase till Rs One lack eighty thousand to two lacks and woman tax payer may be allowed tax free income by two lacks to two lacks twenty five thousand and above and Senior citizen may also be given suitable relief by tax free income around 2.5 lacks yearly.
2- Reductions in direct taxes
3- Major announcement for educations and higher technical educations for new higher educations institutes at various places of country
4- Up gradations of hospitals and opening new super specialist hospitals at different part of country. Govt may announce to open big number of primary health center in country especially in remote areas
5-major announcement for aid to woman educations and adult educations in rural area
6-special announcement for farmers in term of agri insurance, Agricultural equipment
7- Special announcement for housing sectors for further relaxations in Housing loans and house owner if they rent out. Special announcement for low income group for housing scheme
8-Anouncement is expected for electronic and print media sectors, fresh foreign investment limit and other relaxation may announce
9-Power sectors may be one of the most benefited sectors for providing assistance in set up power plants and other power related industries to full fill aim to provide 100% electricity to all the village and Industries .In order to make up all deficiency for rural and Industries all possible steps may be taken
10-Altrantive energy like wind power water power mails etc may also be benefited
11-Oil and Gas sectors may also likely to get some relaxations
12 Promotional steps to health insurance
13-Hike in educations budget
14-Special announcement for defense personnel’s
15-Special announcement for minority, sc and ST students at various schemes
17-Minimum wages target may increase
18-Total loan waiver for the marginal farmers possessing small piece of land. Special rebate in buying Agri cultural equipment and tools.
19-Special credit and loan facility to small farmers in buying Agri equipment.
20- Small farmers having land up to one and two hectares.
Agricultural loans to be provided by scheduled commercial banks, regional rural under confessional interest rates
21- Major announcement for banking and insurance sectors
Post budget expectations 1_As per finical astrology Inflations rates may show upward
2- Gdp growth may be between 7.5% to 8.5% in year 2011-12
3- Within 2 -3 years time period shortage of power may not be seen in
4- can save big foreign currieries in crude oil in next 2-3 years time frame
5- Indian industrial growth will also be improved
6- There will be big political debate on budget
7-Prices of food, vegetable, may not effected
8-Relaxion in Income tax may not enough with the view of 6th pay commission revised pay scale
9-Big industries may not be satisfied with banking policies
10-Higher income group persons may not be benefited
11- Housing loan rates may come down
12- Stock and commodity future traders may welcome budget
In view of the above major benefits are expected to provide farmers, Youth, middle class tax payers. Sectors are most benefited power, real state, infrastructure, oil and gas, higher educations, Aviations, Tourism, Heath, Fertilizers, Textiles, mining, Banking and Insurance technical educations No major increase in direct tax is expected in this dream budget. I foresee a more targeted approach to assist the lower-income group and senior citizens, and for the middle-income group, a reduction in public transport costs, taxes and utility bills to ease their financial burden
Lt Col
Ajay
CEO
www.astromoneyguru.com
| 
