Skip to main content

FICCI's Recommendation for Union Budget

In a meeting of Finance Ministry with FICCI for the preparation of Budget. FICCI recommended few measures to follow:

  1. Budget should focus on  growth alongside look at fiscal management for three years.
  2. Centre expenditure should be prioritise in three area- Health, Infrastructure and Sustainability. Government health expenditure to increase to 3% in three year period.
  3. Budget should address critical area of private investment and providing support for employment generation(Sustainability).
  4. India need strong financial sector to achieve the vision of $5Tn Economy. For this government need to bringdown its stake on PSB to below 50% through market route except for 3 to 4 large PSB such as SBI, BOB, BOI etc.
  5. There is need to form government owned Development Finance Institution to finance key sector of economy. DFIs can be established on line with KFW Germany, Brazil Development Bank and this could be achieved by financing NABARD for financing agriculture and rural sector and SIDBI for financing MSMEs and IIFCL for financing Infrastructure project.
  6. There should be MGNREGA  like scheme for urban poor and higher interest subvention on housing loan and utilising FOREX(15bn$ or 20bn$) for setting up for lending subsidised loan to Indian Industry at around 6% for new project.
  7. Government can raise revenue by pledging share of PSUs to RBI by issuing long term Corona bond and by aggressive selling of non-core State owned asset.
  8. The GST rate should be rationalise to 3 rate to address issue such as interpretation issue w.r.t to GST, reduce complexity and probability of disputes.
Though there will be no direct question for this in UPSC but these recommendation can provide brief insight on the issue and some of it can also be used in mains as well.

To see NK singh recommendation on Centre-state relation click here-->
Labels:

Comments

Post a Comment

Popular posts from this blog

[DOWNLOAD]UPSC PRELIMS (PAPER-1)

Post a Comment
Read more

GENERAL STUDIES-1(MAINS EXAMINATION)

  INDIAN HERITAGE AND CULTURE,HISTORY AND GEOGRAPHY OF THE WORLD AND SOCIETY. Indian culture will cover the salient aspect of Art forms, literature and Architecture from ancient and modern times Modern Indian History from about the middle of eighteenth century until the present- Significant Events,Personalities,Issues. The freedom struggle---its various stages and important contributors/contributions from different parts of the country. Post-independence Consolidation and Reorganization within its territory History of the world will include events from 18th century such as industrial revolution,world wars,redrawal of National Boundaries,Colonization,Decolonization, Political philosophies like-Communism,Capitalism,Socialism,etc--their forms and effect on the society. Salient features of Indian society;Diversity of India. Role of women and women's organisation,population and associated issues,poverty and developmental issues,Urbanization,their problems and their remedies. Effect of G...
Post a Comment
Read more

I am studying college 3rd year my age is 19 what age can I attend UPSC exam prelim and mains can I attend at age of 19 if not at least can I study for UPSC at age 19

To give UPSC(CSE) EXAM you have to be atleast 21 year old. And based on your category you can give attempt for eg- general category has 6 attempt and 32 year age limit.Its a good thing to start preparing for it early because the preparation require one and half year.So by 21 year you are ready to give exam with confidence and probably clear it like TINA DHABI.   To see syllabus of prelims click here--> Prelims (syllabus)
Post a Comment
Read more