Susmita Kundu, Kolkata

From: Susmita Kundu susmita.kundu@dalmiasec.com
To: BudgetTwentyTen@gmail.com
Date: Wed, Feb 10, 2010 at 11:27 AM
Subject: Unveil your Dream Budget 2010

There is limited freedom of options when commitments are many. Should have the strategy of “inclusive growth and ‘Aam Aadmi’ orientated.
Expectation is:-
1. Growth path be maintained high @9%.
2. Inflation is contained for the interest of all sectors and the entire population.
3. High budgetary deficit be controlled because it accelerates inflation.
4. Growing need for the countries defence and social security is to be met.
The trend of improvement in infrastructure, agriculture and social sectors should remain. Govt. policies should maintain environment for private investment. Rural Development Ministry should be allocated higher share of funds under NRLM.
v On budgetary deficit:
1. FRBM norms are to be followed to rectify.
2. Higher growth envisaged would increase Govt. revenue.
3. Disinvestment in PSU should be another prospective source to generate additional revenue holding the Govt. control over PSU.
4. For additional revenue, government should role back in stimulus package as per RBI suggestion in the form of excise duty and customs duty in certain sectors.
5. Recommendations by Kirit Parikh Committee freeing of petrol and diesel prices may be partially implemented leaving sensitive issue of LPG and Kerosene.
6. Govt. cost at all level should be cut down.

Susmita Kundu
Financial Research Analyst,
Dalmia Securities Pvt. Ltd.
Ideal Plaza,
Suite no.S-401
Sarat Bose Road,
Kolkata-20.