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In a series of articles in the run up to the Budget 2015 I had pointed out on the weak financials of the Indian corporate sector. The consequential debilitating impact on the economy, especially in the finances of our nationalised banks, too was explained in these pieces.

Last week the International Monetary Fund published the Indian Country Report...

Budget 2015 Expectations: E-Book

On the 28th of February Finance Minister Arun Jaitley will present the first full budget of the Narendra Modi led NDA Government. Mr. M.R. Venkatesh, Chennai based Chartered Accountant, has attempted to address, through his scintillating series on the Budget 2015 published as an e-book titled ‘#Budget 2015: What India wants’, the question as to

    “How must the Finance Minister navigate his way through the challenges and what path must he chart for India through his Budget 2015?”

There are 30-odd Islamic Republics world over. Not one provides subsidy to its citizens for travelling to Haj. We the Secular Democratic Republic of India does it. Constitutionalists who otherwise quote our sublime Constitution at the drop of the hat when it comes to pontificate the majority community remain silent on this Constitutional perfidy by the Union Budget year after year.

There are 30-odd Islamic Republics world over. Not one provides subsidy to its citizens for travelling to Haj. We the Secular Democratic Republic of India does it. Constitutionalists who otherwise quote our sublime Constitution at the drop of the hat when it comes to pontificate the majority community remain silent on this Constitutional perfidy by the Union Budget year after year.

Doing Business 2015: Going Beyond Efficiency is a World Bank flagship publication. It measures on a global basis the regulations that enhance business activity and those that constrain it. This report presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies-from Afghanistan to Zimbabwe.

Approximately two-thirds of India’s GDP originates from what is loosely called informal sector.  Importantly, 90 per cent of our non-farm work force are employed here. This is one of the highest in the world. Yet, this informal sector rarely gets policy traction.

Significant portion of India’s out-bound foreign investment policy is dodgy.

Could Budget 2015 look into all this? Will Budget 2015 revisit outbound FDI and strengthen oversight rules? Will Budget 2015 align our outbound FDI with our policy?

 

Will Budget 2015 provide incentives, plans and programs for individual states to become self-sufficient in food production?

 

It is easy for the FM to say [as did the UPA] that the share of manufacturing in national GDP in 2025 would be in excess of 25 per cent. But as UPA realised it is easier said than done for what is required is a comprehensive plan with great attention to details and implementation.

The Billion Dollar question – Will Budget 2015 provide us the comprehensive plan to ensure Make in India initiative is a success?

Budget 2015 – Micromanaging the Economy

Does the Government have managers to micro-manage the economy? For starters, it must de-stall the projects stalled. To do so it must micro-manage. But has it got managerial bandwidth for this exercise?

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