Only a few days to go for the budget but no pre-budget rally being witnessed at the stock exchanges inspite of the indices and stock prices at two to three year low levels. The enthusiasm too is missing and lot of pressure now on the Finance Minister to balance his budgeted statements to not only meet the hopes of investors for good times in the coming years but at the same time improve our economy in these challenging times and global turmoil.
But politics both by the ruling government as well as the opposition is responsible for the sorry plight of governance in our country where important Bills are stalled for silly reasons. Security concerns at the borders as well as inside the country due to various agitations is not helping matters and the economic growth and progress suffers in the bargain.
Finance Minister Arun Jaitley should deliver a progressive budget with reduction in taxes and duties encouraging people to increase revenues which would automatically garner more revenue for the government in the form of tax collections inspite of low tax rates. Nab people who evade tax and check corruption to increase government’s financial chest. Prime Minister too should set realistic goals and not just announce popular measures and schemes which cannot be fulfilled. Industrial houses fuels nation’s growth and give them encouragement to drive our country forward.
(The views expressed by the author in the article are his/her own.)