Shorthand Dictation 80 Words per minute with outline, 5 Minute Test 4

First of all, I congratulate the Hon’ble finance minister for presenting a very realistic and balanced budget, balanced not in the sense of balancing the receipts and expenditure, but in the sense of looking after all sections of society and all aspects of the economic.

Sir, in our country, there is a group of people who call themselves high intellectuals and who always find fault with our budget. These gentlemen every year go on writing and delivering long lectures criticizing the loopholes in our budget and even predict that the nation is going to face a disaster if this worth of budget owes on. They also day that there will be a complete breakdown of the economy. This is what they have been writing every year. These prophets of doom have proved to be false. Their problem is that they are incapable of looking at the budget from the point of view of our national philosophy or the philosophy that they are incapable of looking at the budget from the point of view of our national philosophy or the philosophy that guides the policies of this Govt. They look at it from their own angle and from their own outdated and discredited philosophy. They do not realize that in spite of the eloquence in the writings and speeches the caravan of the country’s economy, overcoming all crises and difficulties all hurdles and obstacles, moves on the path of continuous progress towards the cherished goals of this great nation. Indeed, these small and perverted minds and a great country cannot go together.

The Finance Minister has announced a new package of employment generation and anti poverty schemes. He has given marginal income tax relief to the salaried middle class. He has also left items of mass consumption untouched and decontrolled cement and aluminum. Yet he managed to work out a fresh tax net of Rs. 1200 cores on the relatively affluent classes. For this, I do congratulate the Minister. It is true that his proposals mean a hike in the cost of things like cigarettes as my friend has pointed out just now. Maruti cars, two wheelers, scooters, televisions computers and so on will be dearer. But his burden falls on those who can effort to pay and those who can of the common people of this country.

Eight per cent surcharge has been levied on those who are earning above Rs. 50,000 in order to mobilize funds amounting to Rs. 500 crores for the Jawaharlal Nehru Rojgar yojana intended to cover 120 backward districts in the country.