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സമാഗമം
3 years ago
Thursday, June 25, 2009
My comment on Businessline budgetwishlist
http://budgetwishlist2009.blogspot.com/2009/06/top-priority-should-be-to-tackle-price.html
My Budget Wishlist
Top priority should be to tackle price hike
The coming general budget is very crucial in India's history as a whole. Right now we are at the exit of a worse financial crisis. Thanks to the mixed economy that we are in that we have survived without much damage. The latest issues are crude oil price hike and rising food and essential commodities price. Budget should pave way to address these issues. Apart from that social welfare projects and agriculture should need a boost.
Disinvestment is a big issue and is going to the most important issue in the near future. Government should take appropriate steps to ensure that disinvestment is in favor of the country. Power is another sector where so much backing is needed and it is going to be a major issue considering the growth of the country. Infrastructure also need some help from lawmakers.
Regulatory bodies should be strengthened to avoid another satyam scam. India should project itself before the word as a strong market and has got the capacity to grow.In general the coming budget should be a route map towards india's dream to become a developed country.
The coming general budget is very crucial in India's history as a whole. Right now we are at the exit of a worse financial crisis. Thanks to the mixed economy that we are in that we have survived without much damage. The latest issues are crude oil price hike and rising food and essential commodities price. Budget should pave way to address these issues. Apart from that social welfare projects and agriculture should need a boost.
Disinvestment is a big issue and is going to the most important issue in the near future. Government should take appropriate steps to ensure that disinvestment is in favor of the country. Power is another sector where so much backing is needed and it is going to be a major issue considering the growth of the country. Infrastructure also need some help from lawmakers.
Regulatory bodies should be strengthened to avoid another satyam scam. India should project itself before the word as a strong market and has got the capacity to grow.In general the coming budget should be a route map towards india's dream to become a developed country.
Wednesday, June 24, 2009
Indian Budget and you
Budget tells you about the income and expenditure or more precisely it will tell you whether your business is good or bad. In general budget is not mere calculations but it is the backbone of a business. In India's context income is less but we are spending more.
India's general budget is going to present in the parliament on 6th of July. As always expectations are high. The ground conditions are more favorable to the UPA government. Pranob Mukherjee being experienced will try to make some efforts to sustain the momentum. Everybody believes that the global financila crisis is over or it is about it's way back. By this year end everyone is expecting that the lights will be back. Budget can and have to play a crucial role in moulding the economy in order to shield it from the global meltdown heat. We had experienced the advantage of being a mixed economy in the recent past. We can't surrender the identity. At the same time we have to look forward to development.
Socio economic situations
The situation prevailed now is very crucial to India as a whole. A country is the product of the work of all it's individuals. As per the latest survey report an indian individual has got monthly income of Rs3000 plus. This is for the first time that India has crossed this mark. India's economy is a major one in terms of market capacity. 115 crore people-corporates from all over the world will pump money into indian economic system for sure. But there is a problem also like we had experienced recently. FIIs wil take the money from our market leaving our currency weak. This should be tackled properly and some restrictions should be there so that we can consume the money well for the country's growth.
'There are men in this country who earn only Rs 20 per day' commented our union minister Mr. Shasi Taroor. This comment leads to a more serious situation-some are immensely rich but some are at the extreme end of poverty. Poverty in terms of money,food,education etc. In other terms India is facing the poverty of lack of opportunity.
The coming budget should focus this issue properly. When the country prospers it's citizens also prosper is an old saying and not always true. When a country prosper only a few individuals are prospering since the term prosperity has got only a peripheral meaning. Government should take steps to transfer the effects of prosperity to the unprivileged and the underprivileged.
Disinvestment and policy change
Why do everyone objects disinvestment? This is the question of the hour. It is objected because people think that when the control of the state loosens it will be difficult for the citizens to survive. They have the evidence that the recession 2008-09 is shielded properly in India only because India is a mixed economy. But is it only this fear? The answer is a big no. They fear competition. When there is a competition there is benefit in both ways. There should be control for sure but the country have to find money for it's poorer people. If it is the cause the disinvestment is not a very bad idea.
Insurance and aviation sector reforms are the major two sectors awaiting the verdict. Aviation needs a push badly. Insurance sector needs a revamp. But the interest of the customers should be protected. Extremism and terrorism are the two factors which act against development of a country. Recently maoists are banned. Budget should take care of the situation and some strong allotment should be needed to tackle the maencae.
Lack of opposition
In some way or other lack of a strong opposition will be very much count. It will lead to lack of debate. If the government has majority more than the required number the lack of a strong opposition will be a black mark. In such a situation the responsibility of the government is more. UPA government has to taken care of the situation properly. There should some announcements to tackle the skyrocketing essential commodities price otherwise aam admi agenda of the government will be proved futile.
India's general budget is going to present in the parliament on 6th of July. As always expectations are high. The ground conditions are more favorable to the UPA government. Pranob Mukherjee being experienced will try to make some efforts to sustain the momentum. Everybody believes that the global financila crisis is over or it is about it's way back. By this year end everyone is expecting that the lights will be back. Budget can and have to play a crucial role in moulding the economy in order to shield it from the global meltdown heat. We had experienced the advantage of being a mixed economy in the recent past. We can't surrender the identity. At the same time we have to look forward to development.
Socio economic situations
The situation prevailed now is very crucial to India as a whole. A country is the product of the work of all it's individuals. As per the latest survey report an indian individual has got monthly income of Rs3000 plus. This is for the first time that India has crossed this mark. India's economy is a major one in terms of market capacity. 115 crore people-corporates from all over the world will pump money into indian economic system for sure. But there is a problem also like we had experienced recently. FIIs wil take the money from our market leaving our currency weak. This should be tackled properly and some restrictions should be there so that we can consume the money well for the country's growth.
'There are men in this country who earn only Rs 20 per day' commented our union minister Mr. Shasi Taroor. This comment leads to a more serious situation-some are immensely rich but some are at the extreme end of poverty. Poverty in terms of money,food,education etc. In other terms India is facing the poverty of lack of opportunity.
The coming budget should focus this issue properly. When the country prospers it's citizens also prosper is an old saying and not always true. When a country prosper only a few individuals are prospering since the term prosperity has got only a peripheral meaning. Government should take steps to transfer the effects of prosperity to the unprivileged and the underprivileged.
Disinvestment and policy change
Why do everyone objects disinvestment? This is the question of the hour. It is objected because people think that when the control of the state loosens it will be difficult for the citizens to survive. They have the evidence that the recession 2008-09 is shielded properly in India only because India is a mixed economy. But is it only this fear? The answer is a big no. They fear competition. When there is a competition there is benefit in both ways. There should be control for sure but the country have to find money for it's poorer people. If it is the cause the disinvestment is not a very bad idea.
Insurance and aviation sector reforms are the major two sectors awaiting the verdict. Aviation needs a push badly. Insurance sector needs a revamp. But the interest of the customers should be protected. Extremism and terrorism are the two factors which act against development of a country. Recently maoists are banned. Budget should take care of the situation and some strong allotment should be needed to tackle the maencae.
Lack of opposition
In some way or other lack of a strong opposition will be very much count. It will lead to lack of debate. If the government has majority more than the required number the lack of a strong opposition will be a black mark. In such a situation the responsibility of the government is more. UPA government has to taken care of the situation properly. There should some announcements to tackle the skyrocketing essential commodities price otherwise aam admi agenda of the government will be proved futile.
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