Kshitiz Kant; Lucknow
The
15 days of Modi Government’s interim budget have passed. The announcements of
alluring the farmers and the middle class in this bluffed interim budget have been
comprised. The favouring campaign from PM to Ministers is constantly being
carried out. The intellectual class is siding the view of the BJP favour that
the announcements made in the interim
budget can take the election benefit from the farmers, working class and the
middle class; but, what the Modi Government, seeing election, has made the announcement,
is all these to make some big advantages in the election?
3
announcements in this budget can be said important in all. the first of these
is Rs 6000 annually to be given to the farmers of the country. Second, the
amount up to Rs 5 lakh taxable income shall be tax free. Third, the working
classes of non-organised sector have been given Rs 3000 pension scheme. if let
the budget be understood as Modi government’s election budget, it is hovering
around these schemes.
As
if let it be seen in election way, the Modi government is in the big concern of
farmers. The concern of it has grown after the defeat in the Assembly election
held in the 3 states. Trios are the agricultural based states, and the election
issues here regarding farming have its own tune. How the farmers’ loan waiving
announcement by congress ,how much its effect emerged, may be the thing of a
separate analysis, but this has created a trouble almost for the BJP.
The
BJP to recover from the side effects of this has announced to pay Rs 6000 annually to the farmers, and to appear it on the ground, it has been implemented
from December 2018 sidelining all the traditions instead of the next financial
year.
The
Modi government is in effort that the two instalments of the Rs 4000 of
Kissan-fund should be anyhow transferred into the farmer’s accounts before the
election. The bureaucrats are toiling to transfer this fund into the accounts
of 12000 crore farmers. But the money transfer in their accounts, the farmers
shall need their papers of land and to fight from the corruption at the Tehsil
level. May the Rs 500 influence so much any farmer that he will franchise their
votes in the BJP favour. In addition to it, the land distribution in the
villages is like in this way that on
being alive head of family, his son or other close relatives have been farming
on this land after mutual allocation; while the land become in the name of
single man. Either the money shall be credited to this account in such
condition, or all the farming men shall be out from the Kissan- Nidhi-Scheme on
being land more than two hectares. Whether the government has estimated so or
not, but the discussion at village level has begun. It is clear that even if
the cash payment scheme to the farmers provides some election advantages, the
arithmetic of two and two shall not result so – four! As the BJPs strategists
are thinking. The states where the government is not BJP led, the hurdles are
tougher there..
The
cash payment scheme to the farmers is not so hefty amount; the state of
Telangana pays Rs 8000 per annum to the farmers and the government of Orissa is
carrying the scheme of Rs10000 per annum to pay the farmers.
It
is not clear so far whether the farmers of these states shall be benefitted
from both the schemes, or the centre and the state both shall decide some
shares in the funding. If the farmers of both the states receive the benefits
of both the schemes, it is possible that the cash payment schemes to the
farmers may get the momentum in the states before the parliamentary election.
The experts view that non BJP government in the states may announce some big
schemes for the farmers before imposing of model code of conduct in the states
in spite of being economically weak.
The
political-economic expert view that such schemes for the farmers may work as a
catalyst in view of the election advantage, but it cannot be its base suddenly. The
farmers can be influenced by the cash payment schemes, but that they let leave the
other equation for this purpose is impossible to be so. For example, the middle
agriculturist sects in the Uttar Pradesh and in Bihar are carried out besides
farming even from other factors like cast-ism, and that the social equations can
be effected just by Kissan-fund looks impossible.
The
middle class got almost a little relief in the income tax, but the happiness of
service class has now redirected what they got hearing the budget speech by the
finance minister Piyush Goyal. That the income upto Rs 5 lakhs were assumed
tax-free is basically the 'taxable income' up to 5 lakhs. As soon the experts
clarify the concept of this concession, the hope of service class, whose
taxable income goes over the 5 lakhs, went on nullifying.
That
the finance minister had giving example told how the Rs 10 lakh earner could
save the income tax is possible then when you had borrowed home loan, the
health insurance and the maximum saving of income. it is clear that frequently
it is not possible. In such condition, the earners of up to Rs 7 lakhs shall
have to pay the income tax on old rate.
It
is a technical thing, but middle class is the BJP supporters commonly. This
class becomes unhappy with the high tax and their voice echoed very much in the
communication medium, but mere this thing cannot change the voting pattern. The
service classes have mix reaction over the concession in the income tax. The
experts admit that the rebate on the taxable income up to Rs 5 lakhs shall be
more beneficial for the small businessmen who will increase their taxable
income up to Rs 5 lakh showing high expenditure. The service class shows themselves
neither happy nor sad.
Third,
the bigger scheme is about the pension for the non organised working class. the
people after 60 years age shall be eligible to get Rs 3000 per month pension if
they pay the contribution of Rs 55 per month. Such schemes always have been
difficult to applicable among the non organized working class. Experts admit
that the pension scheme after 60 years age among the non-organised sector in
the wake of political benefit does not attract very much. How shall this be
implement is not clear so far, so it seems that it shall not motivate the
people.
The
announcements of interim budget are election backed budget, but this
announcement looks not effective much on its own strength in the election. Yes,
if any political-social equation gets the help of these, the thing is
different.
