Did budget meet the expectations of common people?

The budget that was announced by Finance Minister Pranab mukherjee on 26 feb,2010 was drafted by keeping in mind the common masses.The govt has taken the measurement steps for the fiscal deficit that is 6.8 % of GDP, which is a severe problem for country like India, FM promised it to bring down at 5.5 % till FY11. The Govt has also tried to lower the burden of tax on people. The increase in income tax slab is a welcome step.The income tax rate upto 1.6 lac is exempted.The taxable income above 3 to 5 lacs will fetch 10% tax, which was earlier 20 % in that way the people will save10% , similarly above 5 lacs now only 20% tax has to pay, and above 8 lacs it is 30%.
No change in corporate tax and education cess but surchage has decreased from 10 % to7.5%.
We have seen the positive GDP number 7.9% for the quarter 2 was really astonishing indicates that we were able to manage the good growth rate despite crisis but the entire credit goes to the contribution of stimulus pakages so rolling back the entire stimulus at one go wil not be a prudent decision so FM has tried to exiting the stimulus in partial manner ,step by step by raising the excise duty from 8 to 10% so now we are having unified service and cenvat tax at 10 %.
The rising excise duty will add pressure on middle income people, hiking the prices of crude oil, petroleum deisel will make the transport of food item costlier which will increase the inflationary pressure so it was very disappointing on the inflation front, which was against the expectation of public because they were expecting that prices of essential commodities will go down , nobody had thought even prices will hike.
The increase in MAT was also disappointing for corporates , lowering the surcharge was balanced by increase in MAT.

The income tax rate/slab:

assesment year 2011-12(FY2010-11)
Upto 1.6 lacs upto 1.9 lacs(women) upto 2.4 lacs for (senier citizen)	Nill
from 1.6lacs to 5 lacs from 5 lacs to 8 lacs above 8 lacs	10% 20% 30%

So surplus is going to left among salaried people which is good news for everybody.
Some bad always comes with good so if we ignore the short tem inflationary pressure then in long term this budget will benifit. so overall it was very balanced budget and pranab babu done a great job to satisfy maximum number of people.