Sanjay M Mehta, Mumbai

TO FULFILL THE BASIC NEEDS OF HUMAN BEING ROTI(FOOD),KAPADA(TEXTILE) AUR MAKAN (REAL ESTATE)we need radical,smart and sensible reforms in very important segments like subsidy,Agriculture,retail,Education and Human resources, healthcare,Financial sector, Infrastructure,Taxes and last but not least Labour reforms.so that we can tame inflation,can reduce poverty, can increase employment-productivity and reduce cost. standard of living of people will improve and real advantages of growth will reach to every citizen.but for that we need simultaneous actions/reforms in all above sectors. As fund starving developing nation how we can effort luxury/wastage like SUBSIDY, Loan waiver etc ! ( I said wastage -as govt says only 5% benefits reaches to needy)use this money to built Infrastructures which will help real user/needy peoples for many years to grow and to earn. last year government waived loans of defaulted farmers between 65000 to 80000 crores ( and honest farmer who paid loan in time demoralised) and how long it will help to farmer year or two? instead of that govt can spend on dam. irrigation,canal,warehousing storage etc than?will benefit all and for long time!compulsory issue smart cards, UID and digitise 100% records of all schemes and services which offers subsidy,concessions and waiver.which will stop bogus-ghost claims.corruption and leakage! same way - classic example of subsidy rich/super rich peoples getting subsidy on fuel and slum people who buys 10/50 rs recharge coupon of mobile pays 10-12% service tax!

AGRICULTURE- Millions of farmers are holding small small land, because of small land or money constrains they are not able to use best technologies and equipments to get maximum output/get best yield/better returns. they lives worst life than beggar of a city! also almost 38% food gets spoiled due to worst or inadeqate storage and warehousing poor logistics etc reason Govt must introduce concrete long term plan to encourage co-operatives like milk,corporate farming,logistics, warehousing long term pricing policy or decontrol! This will increase Income, output of food,grains,pluses,vegetable etc and so inflation, also will save valuable forex and reduce corruption!

RETAIL SECTOR- By opening this sector we will see revolution!will bring huge money, will built logistics,IT,supply chains,quality, technology, warehousing, food processing units etc and so jobs! Farmers will get assured buyers, support,funding,technology and better price while due to bulk buying and effective systems customers will get products/services at better price win win for all.this will increase revenues of govt as black money, evasion of duties adulteration etc will out!

EDUCATION AND HUMAN RESOURCE: In this segment we all know how worst quality of infra we have. our @55% population is between age 14-35 very young force, also next 20-25 years we will get enough young manpower but what about their education,training and skill development etc?also in developed nations like US/EU,CHINA etc due to life style/restriction etc reasons since decades birth rate has reduced and longevity increased, so within 7-10 years globally there will be shortage of young work force! we can capture this provided we plans from today!

HEALTHCARE: for medicine and for treatments our expertise in this sector is at par with world's most advanced countries that too at one sixth or at one tenth of their price!Reforms and sound policy to encourage this sector will not only improve quality of life of our people but have tremendous scope to earn by medical tourism, employment etc

FINANCIAL SECTOR: Our economy is growing very fast and expecting to grow between 8-10% in coming decade. also we have very high saving rate @35-38% but mere 3-5% is coming to capital market. to bring in this money in economy and for sustainable economy growth we need robust financial system and watchdog.we must allow banks to consolidate to achieve global scale, open up Insurance sector. simplify taxation, single window clearance etc

INFRASTRUCTURE: The hottest issue since many years.we are doing miserable in this segment now If we will fail to develop infrastructure in time we will loose great opportunity as well will badly affect whole nation. we must make special rules and regulations for core project,Give lucrative benefits to investor,equity sharing and jobs to affecting peoples but same time not allow to play politics or any delay tactics,forming dictator type rules and regulations which can take care of very smooth set up, implementation and running of Ultramega projects like,giant mining, power plant, steel plant, SEZ, any other infra projects whose delay can affect whole nation or big part of society. TAXES: We have very complex systems for direct and indirect taxes, also we do not have any uniform and long term policies which creates too much problems,disputes and complication. from this budget govt must start implementing GST and New direct Tax code. This will give major boost to economy and will reduce size of parallel economy.by offering tax incentives encourage investments in Pension and Infrastructure

LABOUR REFORMS: Due to our rigid policies Huge investments,latest technologies, and FDI not coming in many important sectors particularly in manufacturing,due to this day by day contribution of manufacturing in GDP is falling and also we are missing quality products and services at reasonable price,due to lack of latest technology and global scale of manufacturing we are not able to compete in global market. To take care of vast population we encourage such sectors which creates more jobs and allied industries.

AFFORDABLE HOUSING: data shows in 11th plan time we need 75 million house. Our almost 80% population is middle class or below, it means @ 56-60 million affordable housing.give special incentives like tax relief and/or rebates,concessional interest rate,liberal labour policy etc for such projects As US/EU/DUBAI/JAPAN etc countries are in trouble at this stage whole world is looking for best investment place. Now they have limited choice.BY bringing above reforms and or sound policies we can bring in huge funds,latest technologies and best expertise.

NATIONAL WATER POLICY: Many global experts says reason for 3rd world war will be water. due to rising population, climatic imbalance worldwide now water is very scare commodity, so to do optimized use of water we need national water grid like power grid. encourage desalination plants, recycling of water,drip and micro irrigation etc.

SANJAY M MEHTA
FRIEND 4 LIFE
IRDA CERTIFIED AGENT FOR LIFE INSURANCE-L.I.C. OF INDIA
GENERAL INSURANCE IFFCO TOKIO LIMITED
AMFI CERTIFIED- MUTUAL FUNDS ADVISOR,
BUSINESS ASSOCIATE: BAJAJ CAPITAL LIMITED
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