2020,BUDGET OF INDIAN ECONOMY,1 FEB 2020
SPEND MORE
TARGETING SPENDING
RESET GOVT. POLICY
STOP TAX INCENTIVES
EASE OF DOING FARMING.
‘‘SPEND MORE’‘:- ‘’IGNORE FISCAL FUNDAMENTALISTS’’,WITH THE ECONOMY DOING IS WELL AND THINGS ON SELLING ,PROFIT GOING DOWN,ITS A BIG SILLY TO EXPECT TO INVESTMENT IN CORPORATE SECTOR,PRIVATE SECTOR, WHY, BECAUSE WHETHER THE CORPORATE SMALL OR BIG WHEN THEY SPEND THE INVEST,EXPECT BUSINESS WILL GROW, IF PROFIT HAVE BEEN SHRINKING YOU CAN NOT SPEND. AT TIME LIKE THAT ONLY THE GOVT. CAN SPEND AND MUCH OF SPEND TO BOOST THE ECONOMY. THAT BRING US POINT NUMBER TWO,
‘’TARGETING SPENDING’’:- IS ON GOING TO GENERAL SPENDING, IT HAS TO BE SPENDING SECTOR, WHICH CREATE LOTS OF JOB NOT JUST JOB QUALITY JOB. WHEN YOU BUILD ROAD AND BRIDGES WHAT GONNA HAPPEN ,OTHER THAN A FEW ENGINEERS ,SUPERVISOR , MANAGERS THE BULK OF PEOPLE WHO GET THE JOB A LOW SKILLED MANUAL LEVEL. WHO GO AWAY TO THE WAY DURING TO THE VILLAGE AGRICULTURE SEASON AND MIGRATE ON PARTICULAR PROJECTS .THIS JOBS ARE NOT SUSTAINABLE AND DEFINITELY DO NOT LEAD TO SUSTAIN TO QUALITY OF LIFE,BULK OF WORKER IN INFRASTRUCTURE PROJECTS.THAT BRING US POINT NUMBER THREE
‘’RESET GOVT. POLICY’’:- THE GOVT NEEDS TO USE THIS OPPORTUNITIES OF SLOWDOWN AND BREAK AWAY FROM ECONOMIC POLICY FOLLOWING SINCE OF TIME ,RAM MANMOHAN REFORMS 1991.IT IS TIME FOR THE GOVT. ACTUALLY RE-ENTER THE ECONOMY. NOT TO THE PUBLIC SECTOR NECESSARILY BY DECIDING WHAT IS GOING TO BE PRODUCE ,HOW MUCH IS GOING TO BE PRODUCE AND BY WHOM. THIS CAN BE DONE BY ACTUALLY GIVING CONTRACT PRIVATE PLAYERS ,BECAUSE THEY DO THAT IN BUILD ROAD AND THEY BUILD BRIDGES . GOVT. GIVES CONTRACT TO PRIVATE MANUFACTURER ,TELLS THEM WHATS TO DO,HOW MUCH TO DO,GIVES THEM TIME LINE AND THAT FOLLOWS UP ON IT. THE SAME THINGS IT CAN BE DONE TO PRODUCE THINGS PEOPLE USED .,WHERE IS TEXTILE,LOWER COST CONSUMER GOODS.
‘’STOP TAX INCENTIVES’’:- STOP BANDED SOLUTION,STOP GIVING TAX INCENTIVES,EITHER TO INCOME TAX PAYER AUTO CORPORATE.WHAT HAPPENS INCOME TAX PAYER US END UP MORE MONEY IN HAND ,AT THE TIME A CONSUMER SENTIMENT DOWN,WE DONT SPEND MORE, BECAUSE WE SCARED SPEND THING MORE. THEN WE SAVE IT FOR RAINY DAY. THE SAME THING HAPPEN CORPORATE GET TAXES AT THE TIME WHEN THEY GOES ON SELLING ,WHAT THEY DO THEY END UP ,INCREASING PROFIT MARGIN AND RETURNING SOME MONEY TO THEM INVESTOR AND EVEN INVESTING CASH AND FINANCIAL INSTRUMENT ,SET UP BUYING MACHINES AND HIRING MORE PEOPLE.IF TAXES HAVE IS TO CUT ,IS TO BE GIVEN COMPANY WITH THE STRICT EMPLOYMENT TARGET,THEY NEEDED,GET THE TAX INCENTIVES,IF THEY DON’T GET TAXES ,THEY CAN BE FINED IT.
‘’EASE OF DOING FARMING ‘’:- IMPROVE AGRICULTURE EXPERT, DEVENDRA SHARMA,EASE OF DOING FARMING .RECENTLY THE FINANCE MINISTER GAVE SOME TAX INCENTIVES TO THE CORPORATE SECTOR ,SHE SAID THE IS COSTAR GOING ABOUT 1.45 LACK CRORE IN TAXES. IF THAT MONEY HAD ADDED TO PM KISSAN ,GIVEN TO FARMERS INSTEAD ,EACH FARMING FAMILY WOULD GIVE MONEY ABOUT 10K TO 12K THOUSAND MONEY EXTRA FOR THE ENTIRE YEAR.MIGHT NOT BE THE MUCH FOR YOU AND ME.LOTS OF FARMERS EARN EVERY YEAR 20K TO 25K EVERY YEAR. SO THAT EXTRA MONEY END UP BEING INVEST THE AGRICULTURE ALSO BUYING LOW COST GOODS AND GIVE UP BOOST THE ECONOMY.ALONG WITH THAT 2020 HAS TO SHOW THAT FARMERS GET BETTER ACCESS TO CREDIT MOSTLY 80%% OF THEM NOT HAVING INSTITUTIONAL AND ALSO ENCOURAGE WITH MONETARY INCENTIVES ,FARMERS CORPORATE IS KEY CROPS.BECAUSE SEEN HOW THAT WORK.
