Indian central budget 2017-18-expenditure should be much more than budgeted

05/02/2017

According to the Budget Estimate for 2017-18, total expenditure during 2017-18 is Rs . 21 46 735 crores which higher than the Revised Estimates for 2016-17 of Rs.20 14 407 crores only by about 6%. The inflation in a year will be about 10%. This means that in real terms the expenditure next year will be less than the current year. This will result in contraction of the economy instead of growth. If the rains are favourable and agriculture registers higher production and the private sector does well, the contraction of the economy can be avoided and even growth can be registered. For this the government should be proactive, reaching out to private sector and offer incentives. The regulatory role of the government should be reduced and developmental role should be concentrated upon. For example in the matter of pollution control, the authorities should not impose elaborate regulations on industries and punish those who violate the regulations but should come forward to establish pollution treatment plants and charge the industries for the same as service charges on a monthly basis just like electricity, water etc. charges. This could be done easily if the factory comes up in a cluster. If the industry is polluting one, government should encourage clusters so that it is cheaper to treat the pollutants.


More industrialists should be given Padma Awards.

26/01/2017

Perusal of the list of 2017 Padma Award Winners shows that there is only one awardee in the field of Trade and Industry among the 89 awardees. This does not appear to be just and fair to the Trade & Industry sector, considering their huge contribution to the country’s economic development, employment generation etc. About 8-10% share for this sector would encourage them to contribute more to the socio economic development. Similarly to appreciate the role of spiritualism in shaping the values of the society and in recognition of the importance of spiritualism in the life of an individual, more holy people should be awarded Padma Awards, though they do not aspire for any award.

The Awardees should have some privileges and immunities.


Jallikattu- what Tamilnadu MPs could have done

17/01/2017

One or some of the Members of Parliament from Tamilnadu could have introduced Private Member Bill in Parliament to amend the Act (under which Jallikattu is barred) to exempt Jallikattu from being barred. This could have made the Minister  to request the MP/MPs to withdraw the bill assuring the Member/s that Govt would itself bring the bill to amend the Act. Even if this has not come about, the issue could have drawn attention of MPs of other states some of whom might have supported the amendment. A solution could have been found by this time if action had been taken a year earlier.

Separately the state should set up an expert committee to recommend which of the subjects in the Concurrent List and Union List could be transferred to State List. Prevention of Cruelty to  Animals is a fit subject to be transferred to State List from Current List.

 


Ways to encourage local entrepreneurship

14/01/2017

If a country is to sustain the economic development, local entrepreneurship should be encouraged, as without entrepreneurs a country cannot maintain development. Some of the policies to be adopted are:

i. If a project is to benefit people of only one village or town, the contract for the project should be given to a contractor from this village/town only.

ii. If no person from the village/town has sufficient money to invest, loans should be extended to willing entrepreneur on liberal terms. If no person has required knowledge or experience, such experts can always be employed by the entrepreneur

iii. Local people should be encouraged to set up partnership/private limited companies to undertake projects.

iv.If large project is likely to benefit a larger area and it is to cost much more than any person/group of persons from this area could afford to invest, the project could be given to any outsider, but local people should be associated by allotting some percentage of shares of the company.

v. the persons whose lands are to be used for the project should be allotted shares, in the investing company, instead of payment in cash, or the land owners should be paid for their land, partly by cash and partly by allotment of shares. This is in addition to providing employment to one or two members of the family of owners of the land.

These policies may affect a few communities and entrepreneurs from traditional business centres( large towns and states like Rajasthan, Gujarat etc)  by depriving some opportunities, but these policies may prod them to go for bigger projects than they were engaged hither to, thus compensating their loss of opportunities for small projects

These policies could be done away with, once entrepreneurship is developed widely.

 


Robots

14/01/2017

One often hears news about robots performing functions of human beings in countries like Japan, US, Germany, South Korea, China and even in small countries like Denmark, Sweden, Finland, Hong Kong in factories, restaurants, hospitals, transport equipments  etc and there is hardly any news about the manufacture or use of robots in India. It is true that in India there is high unemployment and introduction of robots will increase unemployment. But development of robotic science/technology cannot be neglected, and India should not lag behind even small countries. Indian government  should set up robot research institutes and fund research by private establishments including industry. Even if unemployment is high, there are areas where there  is danger to humans in working. India should think of immediately importing/ developing robots for use in fire fighting, rescuing people from floods, rivers and seas, use for certain works in mines, in matches, fireworks,  and chemical factories and other hazardous places including in factories like cement, thermal and atomic power stations et.


Priority should be to prevent crimes rather than punishing the criminals

21/12/2016

Governments both at the Centre and the States,( present as well as the past) seem to be keen on finding and punishing those who commit the crimes rather than preventing people from committing crimes. River sand is in short supply. Builders, large and small want sand. They indulge in corruption. What the government should have done is to find alternate material for sand. Research should have been undertaken to make sea sand usable in construction of buildings. Wood is required for buildings and for many other purposes. Government should offer incentives and encourage people to grow a large number of trees. Government could remove restrictions on cutting wood from owned lands and the crime of cutting trees could be prevented. Government should deploy officials for going through the advertisements in the newspapers, TV , etc which are meant for cheating people by offering impracticable  benefits. lucrative employment and employment in foreign countries etc. and prevent them from cheating people  instead of waiting for victims to make complaints. Government should organize self help groups to go round villages and towns during day time and night time to ensure that no thefts or sexual violence takes place instead of waiting for victims to complain

 

 


Employment for all

19/12/2016

The most important issue to be tackled urgently is unemployment. Government should ensure jobs for all willing and able bodied persons. Even the old, handicapped etc should also have jobs according to their ability. Government alone cannot create adequate number of jobs. So, the government should think of extending subsidies to private sector  employers  who create a large number of jobs. The employers’ contribution in this regard should be recognized suitably by giving honorary titles and some privileges. This will act as incentive to employers  to set up employment providing establishments.