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Union Budget
Union Budget 2014-15: Presentation is only half-work done, implementation needs to follow
There has been hue and cry over the budget in the past, and this time it was no different, where economists have already talked about the pros and cons of the Union Budget 2014-15. But, one has to remember that it is not the type of budget, which holds importance - whether it is a leftist Budget or a rightist, rather its implementation is what matters the most.

Arun Jaitley, the Finance Minister presented a budget, and people as well as the market showed mixed response to the budget. However, if inflation continues with rise in the price of essential commodities due to failure of the monsoons, etc. or there would be number of scams, then people and the market would react differently in a negative manner and both Sensex and Nifty would fall.

Poll
Are you happy with Indian Union Budget 2014?
Yes :
60.48 %
No :
33.87 %
Can't say :
5.65 %
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So, to be effective, the black money needs to be recovered back, checking of the tax evasion and strict implementation of the budget measures. There also has to be disinvestment in a big way.

So, the Government has to be very cautious and take essential steps to recover the black money, conduct raids to check tax evasion as well as hoarding and ensure that all provisions of the budget are implemented.

Even if populist measures are taken, it has to be ensured that the benefit reaches the right people and the money meant for the beneficiaries for example, the Kashmiri Pandits are not cornered by corrupt babus and politicians.

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