Thread by @RenukaJain6

They call this #Budget2019 visionary

Let me explain my views on it

1. When Automobiles companies are struggling they are talking of giving incentives to E vehicles

What happens Now? Like now

Already car dealers shutting shop. Job losses. But instead of addressing current problem they talking two years ahead

2. Real estate non giving possession to buyers. Poor buyers paying both EMI for property not in site as well as rent

RERA should have been introduced retrospective. Builders launched new projects, ignoring ones before RERA

3. What does this government feel. That an extra 1.5 lac exemption on affordable housing will help real estate??

Most of the money is blocked in under construction houses. Now as per latest report housing finance companies will face NPA from retail buyers

Nothing in budget

4. Most of money of investors locked in capital markets for last 18 months. They have postponed their purchases coz of losses in portfolios.

Instead of encouraging capital market returns and roll back LTCG, they increased the surcharge.

What a budget

5. From a middle class point of view

Increased cess in diesel. No relief in taxes. Nothing to encourage savings. FD gives you 7% and then taxed at 30%. Money locked in real estate and capital markets

How will he increase consumption??

6. From HNI point of view

You take half of my taxes as direct. Half in indirect taxes. Yet I breathe polluted air. Have air and water filters at home

And irony. The poor who getting my subsidy take away seat of my children in higher education. And I spend to send them abroad

7. Then you have the morale policing for tax payers. Get any assessment from last eight years where I have misplaced papers

When did you travel? Show hotel bills? Show eating bills?

Poor business guy ends up paying bribe. Either he does business or collect long list of demand

8. And then you have a neighbour. Earning everything being shown as agriculture income. Paying zero tax and enjoying life

What more. Most of them have fake BPL,SC cards to get into any university or hospital for free

Poor middle class has no tome to agitate

9. For traders and financial advisors. Even 1% Commission is too much for all the hard work they do in research and after sales

SEBI is living in dream world that india is US where investors pay advisory

In india they ask for a part if Commission or leave you

10. And the biggest irony is that this government expects GST revenue at dream figure

Majority still give you bill which they throw when you walk out

There is no incentive for non gst number guy to take the bill. I had advised to solve it. But no revert