Monday, July 6, 2009

The Budget 2009 -

Here is the full text.

Main royoon ya hasoon.... karoon main kya karoon.

Some of interesting parts:

"

To improve the lot of the urban poor, I propose to enhance the allocation for housing and provision of basic amenities to urban poor to Rs.3,973 crore in the current year’s budget. This includes the provision for Rajiv Awas Yojana (RAY), a new scheme announced in the address of the President of India. This scheme, the parameters of which are being worked out, is intended to make the country slum free in the five year period

Hmm, so you have scheme, the parameters aren't worked out, and from nearly IRS 4,000 Cr funding will be allocated to this scheme. In other words, you don't really have a scheme yet but you have already allocated funding for it. Waah.

The country will be slum free in the five year period. Have you seen how many slums exist!! I am not saying it can't be done. I am certain it can be done. But not without the political and bureaucratic will. That I am sure - is not going to happen in the foreseeable future. Not being a pessimist. Just realist.

It's evident that Pranab uncle has been smoking some good weed, and I need to get my hands on it.

"

There are signs of revival in the domestic industry and the foreign investors have also returned to the Indian market in the last couple of months. It is possible that the two worst quarters since the global financial meltdown in September 2008 are behind us. While the global financial conditions have shown improvement over the recent months, uncertainties relating to the revival of the global economy remain. We cannot, therefore, afford to drop our guard. We have to continue our efforts to provide further stimulus to the economy.

Classic! Famous Doordarshan cliché . Sthithi niyantran mein hai, lekin tanaav/khatraa banaa hua hai.

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