As Union Budget is going to be present in next few days, People are expecting Tax relaxes, More Subsidies and Cheaper Products but how can such efforts can be implemented? Ans is It is not a dream world.
But yes! we can expect similar or indirect benefits which can come into picture if we bring some changes in our Political and Economical Policies.
If we talk about urgent need, Three Sectors come into my mind which have urgent need of hour e.g.
1. RETAIL:
FDI in Retail must be discussed and should be passed in next parliamentary session because FDI not only fuel or pump money into increasing fiscal deficit situation in the country but it will enhance and establish Supply-Chain Infrastructure in the country.
Foreign companies which are technologically advanced in Retail infrastructure,will invest in our country and that would be turning point step for our domestic Retail players.
2. Aviation:
There is urgent need to bring changes with respect to Aviation Industry in India. Fund drought situation of Kingfisher and Air India is the example in front of us.These are not the only victim of their malpractices but also of Government Policies.High fuel taxes, Airport Authority charges, Import duties of aircraft parts,unavailability of maintenance work and Tight Regulation with Foreign Airlines are some of the factors which are responsible for the situation of these Airlines.
3. Tax Policies:
Every year companies are loosing their large part of trade in paying older type of taxes between state governments ,Octrai, and other stupid Taxes.
There has to central consensus in Tax collection policies across the country. May be GST is the need of hour.
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