Suggestions for Finance Ministry By Economy India

•  We want all subsidies to be abolished with better policy alternatives.

We want no subsidy for food, fuel and fertilizers. It will save around 3lakh crore annually and in place of this we will advocate to slash all major taxes imposed over petrol, diesel, kerosene ,LPG,  CNG, fertilizers and food items.
    After petrol, it is diesel, which is finally deregulated. Though, this process was initiated by previous UPA govt. in a very clever way by hiking only 50 paise per liter per month. We think this is good to keep these both items free from the clutches of subsidies. Even the Gas prices hike which has also got the endorsement of govt. since Nov, which would be less than 6 Dollar per MBTU. It is also appropriate decision. But on LPG front this government is still following the same confused policy which was started by UPA govt. Dual pricing of LPG is never a good policy. Govt. should not make provision of cash subsidy to be deposited in the bank account for this. Rather they should popularize 5 kg cylinder in a big way, which is not subsidized. All cylinders should have uniform price by hiking moreover by Rs. 150 to 200 per 14.2 KG cylinder.
    The fact is that LPG agencies are not in abundant numbers like petrol pumps. So we have black marketing, underweight and refilling activities over present supply system of LPG. The fourth fuel items, kerosene must be fully banned in urban areas and must be allowed only for rural lightening purpose on subsidized coupon basis, which is already operational and it is a good policy. These all process will save huge subsidy and in lieu of this govt. should start tax reforms over all these four fuel items, so that people could get actual relief

1. We want to scraps PDS in normal course and it is to be run only for calamity condition and in the remote and tribal areas. In general we advocate food-coupon, kerosene coupon and mass lunger program with the help of NGO in place of subsidy system for food and fuel items.
2. We want to guarantee cost plus prices to all agricultural products. We think in items like  milk, cotton and sugarcane, farmers get cost plus prices but in all rest agricultural products government needs to strongly implement minimum and maximum pricing policy. Minimum price needed for the economic security of the farmers and maximum prices for the pricing safety of consumers.
3. We want to bring all agricultural input seed, fertilizer, water under market with public and private partnership with pricing regulatory authority. There is urgent need of inviting private investment in agriculture input production area.
4. We want all infrastructure projects in the country to be initiated on the line of DMRC. We should take this as a role model organization for infrastructure projects, which is self sustainable and more or less have been free from corruption and scandals.
5. We are strongly in favor of bringing all unorganized workforce wages under price index. We want to implement minimum wage act all over the labor market. We want to cover all of them with labor welfare act. Social security must cover all unorganized labor force.
6. We are very pleased with MSME work done by government. We are also agreed with corporate governance.
7. We advocate concept of land bank, where land can be purchased through mutual agreement basis and it can be sold to the investors through the guideline of regulatory authority. We want to bring the income of township living farmers under tax regime. We opposed land acquisition under compulsion except in some strategic or in the matter of national importance.
8. We favor all tax reform, plus we want to reintroduce salaried  income tax rebate of Rs 1 lakh once again. Because we think all non salaried income tax payers evade or shift taxes, so the salary holders must have right to get some relief in their tax limit.
9. We want to deal all corporate corruption with the help of CAG audit and anti corruption measures.
10. We are not in favor of government and private monopoly over any areas of economy. We want to promote competition except for some tiny sector.
11. We regard TRAI, RBI and SEBI as a role model regulatory authority. In the same line we want to bring regulatory authority for sector like education, health, public transport, Railways, electricity, petroleum, agro input. Though electricity has regularity authority, but they have not been able to establish themselves as an ideal and competition generating agent.
12. We are not in favor of government and private monopoly over any areas of economy. We want to promote competition except for some tiny sector.
13. Development over repatriation of black money which is deposited in Swiss banks, proved that in the elections or some rallies ,it is very easy to comment to bringing back black money, but in government so many complexities and procedural problems being pointed out by the political parties in power. I think, you make your endeavor over bringing so called black money which is firstly yet to be confirmed, but more important to start blocking all out flowing and in flowing black money today onward. it is more important to ensure it today and also for the future. Because many times we have seen for the sake of past we forget present and future both.

    In the past we may not have detecting machinery, required regulation and governmental resolve for checking black money. But pl. ensures all these from today. We have so many monitoring authorities like CBDT (IT investigation, IT intelligence, and International taxation), ED, CBI, State police, who have been deputed for this, what they are doing, that should be regularly reviewed.

1. CSR must be utilized intelligently in area like toilet construction, sanitation, opening beggars home, help age home, orphanage, handicapped equipment, drinking water outlet etc.
2. We think that NPA abolition, clearing tax arrears and omitting tax litigation must be taken in mission mode. Since Jandhan Yojna is going right on the track. PSU banks are competing well and delivering many financial services in successful manner, it is very necessary to enhance their salary and other facilities in parity with at least central pay commission.
3. Finance ministry must start a national drive to prepare manpower status in every ministry and their respective dept., wings and PSUs, somewhere there is acute shortages of staffs , somewhere there is glut. it should be given proper level playing
4. Though finance ministry has constituted expenditure commission, but it is very necessary to initiate continuous budget, as per the requirement of project or scheme.            v