B.Nageswara Rao, Chennai

1. Financial stmulus should not be removed.Excise duty should not be increased. Excise should be further reduced by 2% Reasons 1.1Because of the low excise duty the Automobile companies are showing production increase ranging from 40-60% in the past 3 months. It will give more orders to all automobile ancilliaries and their production also will go up. It will generate more employment and reduce poverty. 1.2 When production and sales of all products are increasing the Excise duty collection and Corporate tax collection will go up and Government deficit will come down in a period of time.
2.Government can put new proposal of collection of corporate tax from listed companies. The listed companies can pay corporate tax in the form of their shares as per market value of shares with some discount. 2.1 This will leave more cash in the hands of corporate sector. They can go for more diversificatiion and expansion. They will increase salaries to employees and dividends to shareholders. 2.2 Government can receive the benefits of growth of corporate sector in the form of dividends. If Government wants it can convert the shares into cash at any point of time. Indirectly public will get benefits of growth of corporate sector.
B.Nageswara Rao
Old No.4/1, New No.15/1,
Babu Rajendra Prasath Street
West Mambalam
Chennai-600033
Mobile: 09952099665
nageswarabandaru@rediffmail.com

My profile I am 54years old Male. I am B.Tech(Mechanical) for JNTU College of Engg, Kakinada, A.P Post Graduate in Industrial Engg from NITIE, Mumbai Post Graduate in Financial Management from Institute for Financial Management and Research, Chennai Working in Areva TΔIndia Limited, Chennai from the last 30years. Presently designated as Manager, Supply Management.