Few important points :
Paridhi : Here is the answer on how budget could have been better: Besides ,there are many other points that i have covered based on queries from other Blog subscribers
1. If the budget was not just a statement of account or an announcement . All the investments should be related to quantifiable outcomes
2. What will 37 % investment in infrastructure lead to ? How many jobs ? How much time will it take ? Were there any other opportunities that can have a better ROD ( Return on decision ?? )
3. If the PSU will get divested , what is the return on Divestment (ROD ). When you divest, you are giving away profits to the investor forever . How much profit will we give away because of divestment ? one is the ROD ( Return on divestment ) or the cost of divestment ( COD ) over the next 10 years & the last is the Return on Opportunity loss ( ROOL ) .
4. Every year 3 % of the population ( 30 million ) go below the poverty line due to healthcare costs . Last year due to recession , at least 3 % more would have gone down below the poverty line + 1.55 % annual population growth rate adds another 15.5 million people to India every year . Where does the budget put in place these numbers and the plan to address the needs of additional 75.5 Million people ? . Can we call the current budget without such considerations & provisions an all-inclusive budget ?
5. Budget should also give an account of the last year’s budget versus achievement and also state how many plans have been shelved and what is the amount that has been unused by the various departments . So that we can ensure the sanctity of the budget and the accountability of the people at the helm of affairs
6. On one side we are talking of revenue / budget deficit , on the other side , we have given a 30 year tax holiday to SEZ ? What is the logic ?
7. Over Rs.6 Lac crore worth of Black money is lying in the banks . Government should promise the people that the money will be brought back to the country in the next few years . This should actually cover the revenue deficit
8. The current budget is provoking budget for Naxalites . Naxalites strives on poverty and poverty thrives on poor governance
9. If the government wants to increase spending for employment generation , it must pass a rule that from 2015, any company bidding for government tenders should have a manufacturing base in India to cater to 50 % of the delivery of products and services
from its Indian company . This will fuel large-scale investments and generate phenomenal employment opportunities .
10. The budget must have allocated money for solar energy in Rajasthan and for villages that still do not have electricity
11. Pentakota in Orissa has one school for 40,000. We need one university and 15 -30 schools in that town. Such things should be considered if we talk about all-inclusive growth .
12. It will take 320 years to clear the judicial back log, Every Indian judge has a load of about 2147 cases. This must be addressed or else i might consider becoming a hard core criminal than writing such emails expecting a change . Simply because my case would beyond 2147 and it will never get settled in my lifetime at least !!
India has the biggest problem with the average age of the political leadership that is a big disadvantage seeing the average age of Indians . The ratio’s are out of sync . Age of political leadership should match the national age group . I am totally against reservation that divides the society and the nation. The best thing would be to provide financial and institutional support to those who need and may be get 50 % of the youth in government ( without any reservation )to lead this nation’s political agenda
. RESERVATION PROVES THAT PEOPLE AT THE HELM OF AFFIARS ARE NOT WILLFULLY WANTING TO CHANGE AND NEED LAWS TO ENSURE THAT CHANGE HAPPENS BY FORCE !
WHY RESERVATION FOR WOMEN ? GIVE THEM 50 % TICKETS TO FIGHT ELECTIONS ON YOUR WILL
See the case of 3G spectrum : few questions .
Why are we launching 3G. Can we not move directly to 4G ? Smaller countries like Sri Lanka started 3 G five years ago. Why are we so late ? It could be a better decision to move directly to 4G . Government wants to collect more than Rs.30,000.00 crore. But it has not stated what is the benefit of 3G for the investor over the next 5 years . What is the life cycle (Span )of 3G, when the 4 G comes , what will the players do then ? This could prove to be very costly and killer for some of the telecom players. India is still a voice driven cell phone market .
2. Why India should have 16 circles . Why not one India . USA has single geography for its mobile user
3. I personally believe that 3 G will hit the telecom companies mercilessly . It might lead to losses and mergers & finally consolidation amongst telecom companies in India
In India , i believe that the basic problem is ‘powerful announcements and powerless execution’
Corruption & leakage is leading to a black money economy : Why it is that giving bribe is a crime ? No one gives bribe willingly . It is only a choice-less option when you are pushed against the wall . We need to encourage people to report bribing . But seems that the current law is to protect and patronizing bribe takers. The law must be amended with a clause that giving bribe is not a crime as long as it is reported with the vigilance authorities after the bribe has met its purpose. This will help ensure that the work will get done and the person taking bribe can be brought to the book. We must encourage people to come out and report without the fear of getting caught and that their genuine work does not stop !
China – India : Politicians in India are trying to ape china . The fact is that, a few decades from now China will be a big economy and an old nation. India is not a big economy now but is a young nation today and we will lose our Future demographic advantage (FAD ), if our politicians do not act with right policies now .
We are a victim of a good government , but poor governance .