Does a Finance Budget impact a common Man ?!!!

 Hello All,

Our Hon'ble FM, Smt. Nirmala Sitharaman, announced the Financial Budget today. 

When I was a Full-Time Financial Advisor working in Equity Markets, Financial Budget was a must listen thing to do. 

Financial Budgeting for a country and that too, a huge democratic country like India, is challenging, yet easy and very essential for all citizens.

But, now since I am not full time working person in Financial Markets, At certain point of time, only taxation part was the matter of concern for me. For that matter, I think for all individuals 😄😉😅

The thought process and efforts put by RBI and Finance Ministry in preparing India's Financial Budget, is commendable.

The Budgeting is essential for running the country smoothly and also be able to stand strong on the International Platform.

Coming to the question, Does a reading of Finance Budget, ever has impact on Common Man. Let me answer in following points :-

1. A common Man here I mean, is daily wage worker, labourer, a middle-class, lower middle class person, a worker who depends on daily earnings only, etc...

2. Taxation slabs and rates is what matters to majority of the public.

3. A common man watches Budget to see what all Govt schemes have come for either their work related or investment Schemes.

4. Many excellent Govt schemes for Public Welfare give good benefits and rate of returns too. Some schemes help to fulfill the basic needs of Food, Shelter

5. Rest big capital expenditures, fiscal deficit financing, Corporate policies do not have much significance to public. However, in last 5 years, I have seen a dramatic change in outlook of common public too.

The common man, now wants to know or talks about current affairs, whether it affects them or no. Which is a good change though. India is a growing economy and the more, the public gets aware, the more the educated the common man becomes, the faster the steps of our country towards development.