Budget Report Card
Experts from Mint and the industry place the budget within the context of reform, history and Indian business. Opinion from across India and across sectors, present the road to growth.
Posted by admin on Tuesday, July 7, 2009 at 11:00 am
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Dear Sir,
If I were FM, I will allocate more funds to infrastructure followed by agriculture, health and education sectors. Government funding in infra is badly needed at this juncture to create more employment opportunites. Job creation will automatically takes care of recession i.e. people’s purchasing power will go up and sectors like housing/automobiles/retail will be revived.
I will maintain equilibirum between growth and reduction of fiscal deficit. I will pursue with the help of my cabinet collegues for divestment of government’s stake in PSUs.
As a senior citizen , I wish the interest earned on bank deposits, should either be tax free or
a small percentage say 2-5% should be deducted at source . This will relieve people of fillinf different forms every deposit.
TDS of small %age on interest across the board will actually accrue much more tax to the govt. account
Dear Sir
As A FM my first priority will be foccus towards the basic needs of modern day society.
1. Primary education with focus on rural and sub urban areas.
2.The second most important thing would be to provide affordable and good health related services to all the people of india
3. Invest in infrastructure and try to attract not only foreign investors but also encourage our domestic investors to build high hopes on india
4. Would really try to promote a very strong judicial body both for the corporate world and normal citizens because until we can’t strengthen our work environment we won’t be any way near to become a developed economy.
5. a very important move would be to intensively monitor and control wheher the imlementation levels of the govt plans are high or not.
6 There are still so many things that I can discuss but one most important thing that I will also focus on will be the Banking and Financial sector. Being a backbone sector of any economy as a FM my primary objective would be to continuously be in touch with the banking exectives and take all the possible measures to maintain a good and healthy credt market for more consumption, however keping the inflation factor into consideration which is poised to be a big threat by this fiscal yr end.
7. and last but not least Controlling fiscal deficit in the long and medium term would be of great importance because it severely affects the liberty of the govt to focus on rural spending, and probably the best way would be disinvestment and also effective and maximum utilization of resources.
8. TAX framework is also that the govt should analyse.
Respected Finance Minister,
You are doing a lot and giving lot of money for Agriculture and food subsidy. It is required. I want to say, please make provision of money for storage of food grain in village level with help of ’save grain campaign’ dept. of food through panchayet. ‘Save grain campaign” holding a project on storing of food grain in a large size metal bin without any dammage. To store food grain in each village level in bin requirs only Rs.9-10 lacs in which 200 mt. grain can store. The farmers in eastern India producing rice three times in a year and are producing 200 mt rice only in 100 acres of land can secured their food themselves through metal bin. They may use rest land for commercial production of oil seeds, vegetable and horticulture crop.
Thanks
Asok Maiti