Sunday, May 18, 2014

NaMo-Jigar ka Tukda

Friends
Soon NaMo would start full fledged function as PM of the Country.  We know he is very hard working and task master and wish people would love his work as PM too. Infact, We at Gujarat would miss him as he is our "Jigar ka Tukda" but this is small sacrifice for the nation. He has big experienced battery of team politically and bureaucratically who will perform as per his instructions. 
On economic front he has to take care of inflation, rupee value vis a vis foreign currencies, CAD, and growth of the  Country. The conditions left by the outgoing government is not very good and it would be a tough task for incoming government to prove the situation. Here is a small gist for the new government on economic front :
1. Inflation to control by taking some positive steps.
2. Focus on Agriculture, Power and Infra Sectors to improve the Economy, Jobs and inclusive growth. All the pending proposals should be cleared so the necessary investment can be brought in.
3. Condition of the sick units shall be reviewed with positive attitude and necessary support should be extended so such units can stand on their own and run. They will expand and also give substantial jobs to the people. Killing such units with legal tools would be easiest thing but then lot of employed forces would get unemployed and lower the growth too. Banks should be persuaded to help the sick units instead of selling them to ARCs who are not better than a butcher house. 
4. Taxes particularly service tax shall be abolished completely as it is creating more black money in the system. Rates should be reduced and recoveries may be speed up.
5. Power projects shall be promoted in power deficit states and also the power manufacturing plants be promoted. 
6. Capital goods sector be given full support as that will bring in technology, Money and future growth in the country. This will require the strengthening Rupee in international markets.

I can give long list but these are some of the immediate requirement of the our country.
CP

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