Mar 12, If I was the Prime Minister then take care of everything like foods, homes, etc.
While it is easier to preach, the task in the hands of Mr Jaitley is not so easy given the multiple pull and push factors that he has to deal with. So, how would one tackle this challenging task if given an opportunity.
Here is a small attempt to deal with what looks like a gigantic task.
|Essay for students on If I were to become the Prime Minister of India||The National Highway Development Project NHDPwhich began with the conceptualisation of the Golden Quadrilateral and the north-south and east-west highways, has already transformed the Indian transportation sector. Investment in this expanded highway programme continues till today.|
|If I were the Finance Minister, this would be my Union Budget - The Economic Times||This is more so in the case of the country which has chosen the path of planned development, as Indian has done. It is black money which leads to inflation and to the rise in prices, and this makes financial control almost impossible.|
|If I Were a Finance Minister of India : Essay, Speech, Paragraph||If I were given the opportunity to tackle such mammoth task then I would have left no stone unturned.|
The government has maintained its commitment to boost public capital expenditure. However, the Finance Minister had budgeted for a 37 per cent rise in central plan expenditure, both on the revenue and capital front, for FY In absence of any material pickup in private sector capital expenditure, there is a need to sustain the momentum in government spending.
Hence as a Finance Minister, I would like to step up allocations towards roads, railways, ports, waterways, renewable energy and Smart Cities to facilitate a sustained growth in government capex.
It is critical for investment-related growth to take off. These initiatives are expected to cost the exchequer around Rs 1 lakh crore and Rs 20, crore including the arrears and it has come at a time when all eyes are set on the Finance Minister to see if he will stick to the FRBM targets and budget for a fiscal deficit of 3.
While these measures are expected to provide the desired consumption stimulus for the economyincorporating the full impact of these will result in additional stress to the extent of about 0. This is despite the headwinds of public sector capex coupled with an increase in government expenditure for due to the recommendations of the 7th pay commission and One Rank One Pension OROP.
However, I would still vote for implementation of Seventh Pay Commission coupled with Food Security Bill as that will give enough fiscal space for the Government capex spend to increase.
I would like to stick to the government plan of reducing the corporate tax rate to 25 per cent from 30 per cent, by trimming some exemptions, deductions and incentives.
Similarly, excise duties can be levied on various exempt items and increased for various items, which are currently taxed at concessional rates. Better targeting of subsidies: On one hand, there could be a steep jump in expenditure that would be needed to support growth.
On the other hand, there is a need to restrict expenditure to meet the fiscal deficit target. I would like to trim the expenditure by lowering fuel subsidy bill on the back of a plunge in crude prices coupled with better targeting of other subsidies.
The government has also launched DBT for kerosene subsidy, which is likely to cut down the diversion and black marketing of the fuel. The kerosene subsidy in FY15 was pegged at about Rs.
These benefits along with lowering of expenditure can translate into sizeable savings for the government. Impetus to the Make in India initiative: According to a report by Kotak Securities, about million people will join the working age population over the next 10 years even as the country is unlikely to generate million new jobs.Finance Minister Arun Jaitley surely has his hands full.
After the demonetisation drive which has sharply divided public opinion over whether it was successful or not, he will be under tremendous. In less than two weeks from now, Finance Minister Arun Jaitley will unveil the Union Budget and naturally there has been a lot of speculation around it over the past few weeks.
While it is easier to preach, the task in the hands of Mr Jaitley is not so easy given the multiple pull and push factors that he has to . If I Were a Finance Minister of India: Essay, Speech, Paragraph, Article If I Were a Finance Minister of India: Essay, Speech, Paragraph, Article -The role of the Finance Minister in a developing country like India is a crucial one.
In the economy of a developing county like India, the role of the Finance Minister is a crucial one. This is more so in the case of the country which has chosen the . Finance Minister Arun Jaitley surely has his hands full.
After the demonetisation drive which has sharply divided public opinion over whether it was successful or not, he will be under tremendous. If ever I become the Finance Minister of the country, my first effort would be to root out the demon of back money. It is black money which leads to inflation and to the rise in prices, and this makes financial control almost impossible.