I fully agree with Mr. Yashwant Sinha of BJP when he says that no external factor is responsible for the poor and utterly adverse condition of Indian economy. It is only the internal factors (which have brought Indian Economy to a new low) which are responsible. The greatest factor is non-governance of the government. Lure of easy, quick and huge money among the leaders and fear of the impending State-elections and General-elections has in fact crippled our government which is hanging on the horns of a big dilemma. But what is the solution of the problem? Yes, the problem is not insurmountable. If I were the Prime-Minister of India I would pay attention to two things. 1.No bureaucrat would be asked or allowed to inflate any figure of government spending. It would be made very clear to all the senior bureaucrats who would be asked to send the strong signal down to the clerks in all the departments. No commissions, no bribery, no gifts, nothing of the sort. A few hard nuts here and there will immediately be suspended. Within a month the annual Budget would be revised and relocated. All the Chief-Ministers would be taken into confidence and asked to do the same with their State-Budgets.Thus all the Budgets would come down at least by 75%.There would be no deficit budgeting.That would rather be a surplus budget. in order to balance the budget many unnecessary and undue taxes would be reduced and removed. The second thing which would attract my attention would be to reduce many unnecessary freebies. No free laptops or computers or cycles or clothes or food or houses to anybody. In place of this people would be given loan which they would have to pay back in instalments. This loan would not be given indiscriminately. It would be given only to the deserving and the needy. A proper and fair policy would be made to select the deserving ones. Proper and strict supervision and monitoring of the policy would be an integral part of this policy. These two steps would shape up the economy to a great extent.
Posted on: Sat, 17 Aug 2013 20:19:45 +0000
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