Indian Finance Minister's Union Budget for 2012-13 is very strange Budget. All most all the salaried people's are expected the I.T exemption limit may be hiked to Rs 3 lakh. But FM not consider the middle class salaried people's woe. Even women employees I.T.exemption also not hiked this year. Income tax exemption limit hiked to Rs 2 lakh only.Atleast he may consider the saviings limits from Rs.1lakhs to 1.5 lakhs. That also not done. This Budget will benefit only Major Industries, crorepathies and lakhpathies but not poor Middle class and upper middle class Indians.
Global Analyst Mr. GARY BAKER told that "India is attractive on structural growth for FIIs, in the near term but it is losing out to countries like Russia due to the Budget not having been aggressive enough for investors". Also Mr. JYOTIVARDHAN JAIPURIA, Hd- Research told that "We have got higher fiscal deficit and what the finance minister has forecasted is 5.6%, which assume some increase in oil prices but maybe not as much as the finance minister has built-in. Correspondingly we got a much higher borrowing number than what" ? RIDHAM DESAI, MD of MORGAN STANLEY said " It looks like the government is trying to create a consensus to raise the prices of diesel and petrol which should happen over the course of the next few days or weeks".
The above references are sample only. But Rulling UPA, Some economists and MDs of Big Companies are welcome the budget.