Budget 2013 will outline amendments to Constitution, FM

GST should be introduced as early as possible and the FM has to ensure that the GST implementation will help to bring down the price level and inflation index. The Fiscal deficit can be wiped out comfortably if the FM can plug the loopholes in enforcing the implementation of existing laws and bring about all round efficiency in the management of the economy. The PSUs can definitely improve its finances and production by avoiding or minimising wastage of resources. The Govt should introduce a rating system for PSUs based on their contribution to national exchequer.The cost of funds has to be drastically brought down in the economy for which the Govt has to take appropriate measures to put into optimum use of the resources without any sort of wastage and enhancing productivity and efficiency by resorting to improved technology and result oriented Corporate governance mechanism. ( This appeared in Economic times dated 16/01/13).