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    Posted August 9, 2014 by
    Dipendu
    Location
    New York, Delhi, Hyderabad and, New York
    Assignment
    Assignment
    This iReport is part of an assignment:
    The written word: Your personal essays

    More from Dipendu

    Indian Budgetary Democracy

     

    Any thing new? I dn't have any idea. I want to draw about budgetary democracy. If there any reader they can consider their view either based on kindness or as serious reader.
    Indian young voter has decided and they have been asked to BJP to take responsibility for Indian parliament under the prime minister of Narendra Modi and Finance Minister Arun Jetly with 'Vibrant and participatory democracy'.
    Earlier we got interim budget by former Finance Minister P. Chidambaram of UPA-2. Every five years after we supposed to get one interim budget. I want to notice Indian qualified and dignified politician that 45 days or 30 days is not sufficient time to make national budget by new FM. It should be rethink with budget democracy. Common option is there that if same party or alliance got 2nd term verdict by Indian voter then three months interim budget can possible to generate on the table. India's  new Finance Minister also express his view about budget time. He as politician is conscious about impression of former Finance Minister outlook.
    I want to put some data which are, ''India has a young population and a labor force that is expected to increase rapidly over the next 20 years. To reap the benefits of this potential 'demographic dividend', India has to provide good quality education to its youth and ensure that its workers have the skills needed in a rapidly modernizing economy.Recognizing the importance of education and skill development, the Government of India has deployed large scale interventions and initiatives in the sector in resent yars. For example, per capita public spending on education has increased from $16.3 in 2004-05 to $54.8 in 2011-2012, representing an increase in the share of education in GDP from 3.3% to over 4% These efforts are beginning to show results, During the last decade, adult literacy improved from 64.8% in 2001 to 74% in 2011, mean years of schooling for adults increased from 3.6 years in 2000 to 4.4 years in 2011, and enrollment of children in primary education has now reached near universal levels.'' (Human Development, ADB, 2013)

    It was ADB report. In this connection February, 2013  former Finance Minister P. Chidaram said, ''I wish to draw a picture of three faces that represent the vast majority of the people of India. (W) The first is the face of the woman. She is the girl child, the sports woman, the home maker, the working woman and the mother. (Y) The second is the face of the youth. He is impaitent, he is ambitious, and both represent the aspiration of a new generation. (P) The third is the face o the poor who look to the government for a little help, a schoolaship or an allowns or a subsidy or a pension.''

    Beside present Finance Minister Arun Jetly added that with an interview, ''My principal task in preparing the Budget was to restore the credibility  of the economic decision-making process in India. The UPA saw lack of  decision- making or the absence of decision-making. Absence of project  clearances was the norm. It saw retrograde actions like retrospective  taxation. Policy paralysis and tax terrorism became part of the  vocabulary of Indian economic management. Growth rates had gone down,  tax collection was low, manufacturing was nil. International investors  were unwilling to invest. Domestic investors were trying to move out of  the country. Now, credibility had to be established. We did it by  smoothening the tax administration and clarifying our tax policy.

    Opening up new areas of investment, giving clarity on the roadmap  [for] infrastructure, manufacturing, real estate, townships,  agriculture. These are the engines of growth. But at the same time, we  did not compromise on our commitment to the middle-class or the poor. No  Budget has given as much relief to the middle-class as mine did. I  encouraged savings. All social sector schemes, with or without  alterations, and new schemes are being maintained or re-established.''

    He said more, ''The interaction that you have with a large section of stakeholders  brings diverse opinions, and it is a learning process. There are  different layers— there is the larger public, there is the political  class, Parliament, trade and industry, working class, columnists, and  then there are studio commentators. Each one reacts differently.''

    Arun Jetly have made his target like same with P Chidambaram.Ultimately we have need to meet our National interest. Today NDA govt. It's ok. While tomorrow again Indian voters can decide another new jot. This feature are part of democracy. And essential is that any Nation should consider Budgetary democray with liberal concept for National development.

     

    Measures Expected to Boost Domestic Industry

    Excise relief can be one of the game changers for BJP if it is  serious about winning the confidence of the business fraternity. The  small scale industries had called for raising the excise exemption limit  (at present, the limit is Rs 1.5 crore). With escalating costs of raw  material and high interest rates most of small-scale businesses are  struggling to sustain. Their profit margins are severely hit and they  need some form of support from the government to revive. Even Jaitley  had admitted the fact that there’s a need to boost the growth of  indigenous industry so that they can be at par (if not better) with  their counterparts in China and Bangladesh.

    With Union Budget being the first major policy document from the  government, a lot is at stake for Modi and his trusted cavalrymen. The  government has affirmed time and again that it means business, but it’s  no mean task.

    - See more at:  file:///C:/Documents%20and%20Settings/Administrator/Desktop/Expectations%20from%20BJP%27s%20(Modi%20Government%27s)%20Budget%202014-15.htm#sthash.jcubPuo5.dpuf

    Measures Expected to Boost Domestic Industry

    Excise relief can be one of the game changers for BJP if it is  serious about winning the confidence of the business fraternity. The  small scale industries had called for raising the excise exemption limit  (at present, the limit is Rs 1.5 crore). With escalating costs of raw  material and high interest rates most of small-scale businesses are  struggling to sustain. Their profit margins are severely hit and they  need some form of support from the government to revive. Even Jaitley  had admitted the fact that there’s a need to boost the growth of  indigenous industry so that they can be at par (if not better) with  their counterparts in China and Bangladesh.

    With Union Budget being the first major policy document from the  government, a lot is at stake for Modi and his trusted cavalrymen. The  government has affirmed time and again that it means business, but it’s  no mean task.

    - See more at:  file:///C:/Documents%20and%20Settings/Administrator/Desktop/Expectations%20from%20BJP%27s%20(Modi%20Government%27s)%20Budget%202014-15.htm#sthash.jcubPuo5.dpuf

     

     

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