By D N Singh
For some the recent budget has many reasons to be ecstatic about and for some it has left footprints of the recent pains.
What has precisely been noticed that, the budget has gleefully or, say, casually, failed to focus on the bottom strata and particularly the lower or middle income group.
In common man’s language what is paramount is employment or sustenance where daily life weigh on a majority. It is not about looking at it through non-futuristic budget but the most recent pains.
The recent pandemic has rendered a state when unemployment grew to be a cascading monster when poverty grew and economic disparity multiplied like never before.
On the one side there was a burgeoning rich-hood which remained like an unfathomable reality and on the other side it was misery out of job loss and a grinding pain of helplessness.
The budget was expected to promote some measures to, first mitigating the inflations like prices of commodities and the most lethal blow was the gigantic leaps in fuel prices. Which still remains static at a level not able to be so comforting for the majority minus the affluent few. Which further accelerated inflation at all fronts.
There seems, what can be described, as a grim reality, is the absence of an honest alleviation means to have been brought about through some means to stimulate economy.
In sharp contrast, the budget spoke more about, what is called in the language of economics, an immense rise in capital expenditure. Which, according to some economists, may not hold itself for long when compared with the brow-beating inflations and unemployment.
It appears, as if, it is all about a make-believe outlay for the poor with some elasticity for expansion but that gap may exacerbate the ironies of the general people who pays through his or her nose for everything whereas, has shown some generosity towards the rich through tax concessions and so on.
Which may create a situation where the overall economy may dampen and entail more hardship for the common men.
