ETAKULA NAGA RAHUL

Respected Minister,

I would like the esteemed Finance Minister, on behalf of the Centre to intiate the durable process of fiscal consolidation, as cautioned and recommended by the RBI in its recent policy statement, to reinforce or give effect to its stance of exit from the earlier accomodative monetary policy, so as to promote macroeconomic stability of the country and curb inflationary trends. However, now the fiscal stimuli or incentives should now be accorded especially to the sectors in positive outlook and productivity. The Budget statement, should roll out an action plan for the progressive and second generation economic reforms - DTC, GST, FDI especially in retail trade, in order to boost country growth's in light of recovery mode and for prospects of propelling private sector investments. This strategy is required so as to gradually shift the present imperative of stimuli led economic growth to that of investment led economic growth. The statement must also take a balanced and proactive stand on unreported subsidies(non-plan) in aftermath of recent Kirith Parekh Report, which forms bulk of overall deficit.In retospect, the spectacle of Budget statement, should exhibit a confident economy, capable of addressing inclusive concerns and spiraling the economy to a high growth trajectory , especially post the crisis.
Thank You

ETAKULA NAGA RAHUL
enrahul21@gmail.com