K BALASUBRAMANIAN, CHENNAI

BOLD INITIATIVE NEED OF THE HOUR
PROPOSAL SUGGESTED
PERSONAL TAXATION
IT EXEMPTION THRESHOLD LIMIT SHOULD BE INCREASED TO 2 LAKHS WITH SUITABLE ADJUSTMENTS FOR WOMEN/SENIOR CITIZENS
BOOSTING REVENUE
STIMULUS PACKAGAE ANNOUNCED DURING 2008-09 MAY BE WITHDRAWN COMPLETELY TO THE LUXURYSECTOR AND PARTIALLY TO TRANSPORT ANDS OTHER SECTORS
SPECIAL ADVALOREM TAX ON LUXURY IMPORTS CAN BE INTRODUCED AS A REVENUE RAISING MEASURE
NO FRESH CONCESSIONS NEED TO BE ANNOUNCED IN EXCISE DUTY
POSTOPONING FISCAL DEFICIT
IMPOUNDING OF ADDITIONAL DEARNESS ALLOWANCE BY ATLEAST 50% TO THE PUBLIC SECTOR/ GOVERNMENT SECTOR PAYABLE WEF 01 JANUARY 2010
SAVING STIMULUS
A BOLD INIITIATIVE CAN BE TAKEN BY OFFERING A HIGHER COUPON RATE OF 9 % INTREEST FREE INFRA STRUCTURE BONDS FOR AMATURITY PERIOD OF 10 TO 15 YEARS BANKS CAN ALSO ISSUE THIS TYPE OF BOND FUNE COLLECTED CAN BE EXEMPTED FROM CRR/SLR REQUIREMENTS
BOLD STEP TOEXEMPT INTEREST INCOME
GOVERNMENT AT ONE STROKE CAN TOTALLY EXEMPT INTERST ON DEPOSITS FROM APPROVED FINANCIAL INSTITUTIONS LIKE BANKS NBFC ETC AND INSTEAD CHARGE TO START WITH 5 % OF THE INTREST PAID BY BANKS BASED ON THEIR BALANCE SHEET AS INTEREST TAX TO OFFSET THE LOSS IN REVENUE
SALE OF GOLD THROUGH BANKS TO RETAILERS
GOVERNMENT CAN IMPORT DUTY FREE GOLD THROUGH NMDC OR PERMIT GOLD IMPORT BY BANKS OR OTHER BODIES AND MAKE AVAILABLE TO THE PUBLIC AT THE RATE ATLEAST 10% BELOW THE MARKET PRICE
PETROLEUM PRODUCTS
PRICES SHOULD BE DECONTROLLED
***

INSTEAD OF INCRAESING DEBT BURDEN
REASONS
TO SAVE FROM THE RUN AWAY FOOD INFLATION AS THE EXPENDITURE HAS GONE UP BY MORE THAN 60% SINCE 2008
THE FISCAL DEFICIT IS AT THE PEAK SINCE INDEPENDENCE BECAUSE OF THE OVER ALL INCREASE IN BOTH PLAN AND NON PLAN EXPENDITURE
THE LUXURY SECTOR CAN ABSORB IT
REVNUE NEUTRAL/NO SACRIFICE ON EXISTING REVNUUES
AT LEAST DA WILL GO UP BY 15% OF THE REVISED SCALES DURING THIS YEAR AND IMPOUNDING 50% WILL HAVE A IMPACT BOTH ON THE MONEY SUPPLAY AND POSTPONING IF NOT PRUNING FISCAL DEFICIT NOT ONLY TO CENTRAL; GOVERNMENT BUT ALSO RELIEF TO STATE GOVERNMENTS
MUCH RELIEF TO FIXED INCOME HOLDERS AGAINST THIS RUN AWAY FOOD INFLATION
FORM 15G AND 15 H CAN GET GET AUTOMATICALLY ABOLISHED SO THAT THE DEPARTMENT CAN USE THE SCARCE MANPOWER ON BIG TICKET RETURNS BANKS CAN BE ASKED TO ALIGN THE RATES SUITABLY OR TO ABSORB THE EXPENDITURE
CRORES OF MONEY CAN BE AVILABLE FOR DEVELOPMENT PROJECTS GOVERNMENT CAN USE FOREIGN EXCHANGE RESERVES FOR IMPORT OF GOLD. THIS IS NON INFALATIONERY BECAUSE MONEY SUPPLY IS GETTING CURBED OF COURSE SUITABLE METHOD TO BE EVOLEVED FOR SMOOTH SALE AND REACHING RETAILERS
FOR KEROSENE AND COOKING GAS SUBSIDY CAN BE MADE AVILABLE TO THE BPL SECTION BY INTRODUCING CASH VOUCHERS TO BE EXCHANGED FOR KEROSENE SUBSIDY SUITABLE MECHANISM TO BE EVOLVED

K BALASUBRAMANIAN

7, 51 ST STREET

ASHOK NAGAR

CHENNAI 600083