In my last blog, I wrote about the impact of general budget on the common man. Yesterday, I was engaged in some other works which led to being absent from writing the post. Well, it’s related to the general budget. Actually, I was going through the impact of hike of the excise duty. The excise duty has been hacked from 10 per cent to 12 per cent. This means every item has become a bit more costly. If we look at consumer durables then every thing has become costlier by minimum amount of Rs 500. This is the calculation based on the least price. Suppose a consumer wants to buy a laptop worth of Rs 25,000 then the hike is Rs 500. Like wise, the extra burden can be calculated on the actual price of the laptop. Generally people buy laptops starting from Rs 30,000 and above. This is just the example of laptop. There are a series of other consumer durable items like television, washing machines, and refrigerators. The impact of the increased excise duty is on every item like gold jewellery, automobile sector and other sectors. If we look in automobile sectors then Honda Company has increased the price of its models in every category minimum by Rs 80,000.
Like I have written in my last post also that Mr Pranab Mukherjee has ignored the common man completely. He has made the budget corporate friendly. He has raised the taxes and given the subsidies and reduction in corporate taxes which will make more burdens on the common man and relaxation to the corporate bodies. If he would have thought about the common man then the scenario would have been totally reverse.