B.Venkateswaran, Chennai

I would like to see a new revolutionary budget-not a run of the mill budget,in the forthcoming year.The budget should be growth oriented, motivate private sector and entrepreneurs to go in for moreand newer areas of production and services. The agricultural sector should be given adequateincentives to enhance production to bring down the spiralling prices of food commodities. The agriculturaluniversties should be given more budget and directives to educate the farmers with the latest technolgy throughresearch findings. The industrial houses should be asked to adopt a group of villages to promoteeducation, hygiene, infrastructure, employment etc., so that the village to city migration is reduced.For this the industries may be given tax sops and tax -holidaysWhile PSU disinvestments are welcome, the deployment of the proceeds should be strictly monitoredand channelised exclusively for develpment expenditure and not for routine revenue expenditure. The budget should provide more funds for health sector and education but slowly reduce funds fordefence over a period of time.The Central Govt. should reduce its administrative costs on babus and work like private sector managements in improving their efficiency and prescribing time norms, targets, performance appraisals etc.,.The Labour laws should be made pro- investments and entrepreneurs.

Prof B.Venkateswaran,
Professor of Finance
RAI Business School
Chennai - 600018.
Mobile: 92831 38392
venkates03@gmail.com