Friday 25 July 2014

the budget



After reading and listening to the budget presentation and the related and  endless  discussion that followed in the electronic and print media, one is left  with the doubt regarding  the revenue source for meeting all the budget proposals . The Finance Minister seems to have immense faith on the FDI and PPP sources . Are we to believe that , the foreign and domestic investors are standing up in the queue , to invest in the desired sectors in India despite the existing business climate, dominated by the administrative  hurdles, high level corruption ,  infrastructure barriers in the power and transport sectors, stringent land acquisition Act ,  complex custom tariff system etc., ? If the hope of the FM in this regard is not materializsng what are the alternative revenue raising methods? What is the urgent need to allocate Rs 100 crores for several projects like smart cities and tube trains which will not have greater economic impact? Instead of concentrating  on projects with maximum linkage effect, this budget has planned to distribute financial resources thinly on not very urgent projects .

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