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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