Did you understand anything? If you didn’t, it might be hard for you to understand 2019 budget. In this episode of TheDeshBhakt, we will be discussing the 2019 Budget I will tell you what are the schemes in this budget and how you can benefit from them Soon after Niramala Sitharaman finished her budget speech, we started figuring out what it had to offer to the middle class Government claims to make India a 5 trillion dollar economy but did not tell us how it plans to do so India’s economy is in a very bad state. Automobile industry is facing its worst crisis ever. The Government is building a bullet train network but we are not being able to afford motorbikes. Bad loans in public sector banks have already climbed to Rs. 9 trillion Financial institutions are on death-bed. Let’s talk about exports Export to GDP ratio was around 12% in 2018-19 This was around 11.78% in 2004-2005. Our Export-GDP ratio is stagnant from the last 15 years. Agriculture and fishing was around 21% of the GDP in 2004-2005 This sector now yields only 13.1% for us. We do not have farmer suicide data from past couple of years. World Bank estimated that India needs 8.1 million jobs annually We do not have a solution to unemployment yet. Our economy is in a terrible state All Chief economic advisors have fled to America one after the other. Demonitisation, Aadhar and GST added to our failing economy instead of aiding it. Government had to show something in the budget even if there was no money Rs. 20 coin will be introduced by the Government. 5% Duty on Imported books We should read Whatsapp messages instead of reading books. Budget is now Bahi Khata. We are free from western culture of suitcases. The nation is changing. Fuel prices have increased. This will discourage us from using vehicles and help in curbing pollution. Government will open a ‘Gandhipedia’ which will teach our children about Gandhi. Pragya Thakur must be wondering where is ‘Godsepedia’ People were so disappointed with the budget that even Anand Mahindra took a dig at it. You are taking singles instead of scoring boundaries. Swaminathan Iyer said that this is an incremental budget which lacks vision. This is the budget of a government which rose to power with a massive mandate. Author and analyst Vivek Kaul said the budget is ‘Much Ado About Nothing’. Finance minister did not tell us how the Government plans on allocating its budget. The budget was merely a marketing stunt. Analyst predicted major reforms in Modi Government 2.0 The Government proposed no strategy to counter economic slowdown Protectionism is being encouraged by increasing the tariffs Besides tax rebates on home loans, the budget had nothing to offer to the middle class. They are imposing more tax on the rich but that doesn’t help us in anyway We should not be dependent on Government for our financial well-being. We need to work harder and invest smarter. I invested in stock market and lost all of it because I wasn’t a smart investor It is better to find someone who is an expert in stock market and trust them with our money Mutual fund managers take our money and invest it into the stock market Traditionally, you had to log in to legacy websites if you wanted to invest in mutual funds. These websites used to charge a brokerage fee each time you do a transaction. These fees pile up to a hefty amount over a period of time. These websites do not guide you with your investment strategy. I was a little skeptical about Kuvera.in when they approached me. Here is what I found after exploring Kuvera.in This is a direct mutual fund platform which does not charge any fee. You can invest with them without paying for a brokerage fee. Mutual fund platforms are usually very complicated. Kuvera has a very convenient interface. Kuvera uses artificial intelligence to figure out your needs and accordingly plans an investment strategy. This is called goal based planning and investment This app provides you with tools to effectively consolidate and manage your portfolio This app guides you with ways in which you can save tax. All these facilities are available on its mobile platform But do not believe me or Kuvera blindly. Try it out yourself We are neither getting 15 lakhs in our bank account or any tax rebates from the Government Our country will grow in the long-term and you should start investing to be a part of it. Where and how should you do it? You should reach a conclusion after researching about it and INVEST! We had lots of expectations from this budget. When in majority, big policy decisions can be taken but the Government failed to do so. There wasn’t a clear roadmap on ways to improve GDP and economy of the country You guys ask me to give solutions to your problems. Solutions are the job of politicians, Satirist’s job is to spot the problems. Whatever you do but start investing from today,. Mutual Fund investment is a much better option than gold when it comes to long term investments. Do give us your feedback in the comments below. Like, share, subscribe, and hit the bell icon!