The Great Budget Tamasha
Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.
February 1, 2020 | 2 Minute Read
Every year on 1st February, everyone is glued to the television like children sit when someone is handing out candies. There is a mad rush by people to sound intelligent, give quotes (Yes I am guilty of several), do detailed analysis and in the end waste everyone’s time.
I really don’t understand the TAMASHA around the budget. Why is it given so much importance? Nowhere around the world, the budget is celebrated like the way it is here. Yes, there are business reasons for this day to be as popular as Valentine’s Day. Media spends are higher because eyeballs are higher so it better be made so important THAT THE ENTIRE NATION WANTS TO KNOW!
Just think about it for a moment, what is this budget? A budget is nothing but an annual financial statement of the government. It is simply a statement of the estimated receipts and expenditure of the government for that particular year. Yes some of the decisions impact us minimally at the TAX level (Some Tax Slabs change here and there), some stuff around Capital Gains /Dividends (Not always) and some things that affect the prices of goods & services that we all buy (cost of living goes up or down). That is all there is to know about the budget, and it can be summed up in 1 or 2 paragraphs. I can be as detailed as possible but I really value your time and mine so I try to be as simple as possible and as relevant (Don’t think this guy is not intelligent and does not know his stuff, I do know my stuff).
Wasting time on the Budget IS INJURIOUS TO YOUR HEALTH, WEALTH and OTHER THINGS (Think of all the things you can do with additional time).
Similar Post
Featured
What’s Your Outsight?
Are you wondering if I got the word “Outsight” right…because all this time we have been taught/told to think about insights? If this question crossed your mind, let me assu ....Read More
18 April, 2023 | 7 Minute Read
Featured
The Unbeatable Edge
I received a lot of love for the post “Knife in a Gun Fight”. At the same time, some of you had many questions. One reader wrote, “I lost 2 important clients to a bank and a ....Read More
12 December, 2023 | 8 Minute Read
Featured
2024 – The Year of Strategic Rethinking
Before I get into the first post of the year, there is something I wish to express: my heartfelt gratitude to you for all the love, encouragement, and support you have extended me ....Read More
2 January, 2024 | 6 Minute Read
Featured
Unlocking Your Real Potential
The other day, I met an executive (Rahul- name changed) from an asset manager who told me something interesting: “Amar, the news is that Happyness Factory (HF) is buying MFD (mut ....Read More
21 November, 2023 | 6 Minute Read
Featured
The Hidden Iceberg
What is the difference between an account and a relationship? If there is any confusion about this question, let me clarify this further by making a tiny change. What is the di ....Read More
13 June, 2023 | 7 Minute Read
Featured
The Surgeon’s Surgeon
Does the headline seem a bit odd to you? Even if it does, stay with me. There is something insightful coming your way. But first, let me ask you a question that I have asked ma ....Read More
22 November, 2022 | 5 Minute Read
- 3
- 1
0 Comments