Tinkering approach to budget should go. The budget should contain policies to enhance the revenue collection without any leakage, raise funds from market through disinvestment without pricing greedily and incurring the displeasure of investors, ensure to reach the subsidies only to intended beneficiaries, contain fiscal deficit from taxes earned out of growth of the economy taking advantage of reduction in oil and gold prices, removing the flab observed in various segments, enhancing the production and supply without any deficiencies and leakages, improving the data collection on employment, poverty,, inflation, services, etc. The Over all governance standards have not improved is a fact and it needs to be fixed through social audit and public participation. The gap between what we are capable of achieving and what we really achieve needs to be identified and fixed appropriately through budget provisions.The budget should ensure to fix tax evaders by fradulent accounting practices pursued, insisting cash payments without issue of recipts mostly by professionals, brokers traders, business establishments .etc, People should have facility to report suspected tax evasion freely.There are mushroom growth of different types of clubs in and around major cities and they are nothing but illegal establishments to nurtuire black money generation and spread of wealth in a manner not acceptable to the society.
Dr T V Gopalakrishnan
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