Budget 2010: Which sector to focus first?

ALL THREE ARE TODAYS REQUIREMENT

To my knowledge, strong volume and price hikes led to this sector grow at a strong 12% growth in 2009. Further, the reduction in excise duties as a part of the stimulus package offered by the government during last year aided the growth. In my opinion, the Government should rapidly implement GST (Goods & Service Tax). This will replace the multiple indirect taxes currently levied on FMCG products. This would lead to uniform, simplified and single-point taxation and reduce prices. Consumption growth and improved tax compliance will result in an increase in tax collections. The companies are hoping that the government does not roll back the excise duty cuts given during the start of the year. With rising commodity prices, any increase in duties would further add to the cost, which may affect the volume sales. The companies want the government to take measures to control the prices and give higher focus on increased production specially in the rural sectors.

The government's primary focus should be of infrastructure development and agriculture development to make our country's dream come true (inclusive growth).

India has still long way to go.there may be rise in slab of IT, ED and other direct taxes.But the main huge dole out may be for education health care, women schemes and aam adhmi employment stress will be in this buget.Govt must strive to bridge the gap between literacy and illteracy,between the digital divide, between have and have nots.

I feel, agriculture is the sector which  needs utmost attention.  UPA government always talks about "All Inclusive Development," but they should not forget that farmers are the backbone of india, and unless it stands erect,  inclusive development is a fallacy. As 'Railway's, we must have a separate budget for Agriculture.

As we all lnow that education is one of the Highest Power of India that we have. It is that to concentrate on the Educational Rivalry, then Infrastructure Building across the country as the developed European Countries have. And at last, the thrist for Agriculture which islying down and even more it will die if we are not focusing on it more.

I think these would take a serious case in this Parliamentary Budget 2010-'11.

If anyone agree/disagree to this please write to me @ deepanraj1989@gmail.com

to combat the inequalities among rural and urban areas, rural development need to be focussed. secondly, the continuously declining forests and deteriorating environment at an alarming rate has to checked. finally steps are required not for providing educational facilities bt making these provided ones better competent and easily available to the needy.

To take on the massive task of nation building the budgetary provision shall be at least 10 times of what has been in the past year. Government has to find out ways and means to generate the wealth to this.

Disinvestment of government owned business and service industries is thought to be the most pertinent method. Definitely, this will help to some extent, though it has its attendant repercussion in the socio-economic front. It also ends up the amassing wealth by the private industrial houses a small portion of it only may be pumped back into the projects needed for national growth.

But what I would suggest is a diametrically opposite proposal. In every major private company of over 1000 crore capital out lay in India, Government should have a 10 per stake by way of owning its share bought at the basic share price. The annual profit generated from these share holdings can contribute to a great extent to the national budget needs and help to keep the deficit low.

Budget should provide all that is necessary to improve agriculture and Industrial productivity, fiar return to investors and farmers.

Improve Rural Infrastructure, Romve all restrictions, encourage local industry by reducing tax burden on them and levying more tax on inmported goods, where required. Encourage direct access of consumers to farm produce. Stop profit center approach, instead take overal profitability of country as a whole. reduce unproductive employment in Government, Reduce salary and perks of peoples representatives, Are they entering politics to serve people or to make money? Decentralise power to executives and technical people.

In my opinion Job Opertunity must be enhanced and Job Security in Private Com must be ensure through this budget. Lots of educated and skillfull people of this country are presently engaged in private sectors. As they can be sacked any time by the top managers of the company by the name of recession or anything so they can't invest their savings in long term investment avenews. Countries prosperity depends on the longterm investments of the people of the country.  

financial market like , banking and insurance should be foccused more to enhance the cash flow in the market to boost up the economy of the nation and automatically it will generate more employment.

life insurance industry is today giving more employment and more companies are coming up......

In my opinion, things have improved for the Indian hotel industry that was passing through a difficult phase on account of the economic downturn, terror attacks and swine flu over the last one-year. Some pickup is witnessed in the tourist inflow during the second half of the fiscal. Still the hotel industry is passing through the hazzards that may concern the business. The infrastructure status for the hotel industry, including interest rates, tax concession, roll back of depreciation rate on buildings, insurance and also industrial rates on consumables like electricity and water amongst others would be applicable. Development of infrastructure plays a very important role for tourism sector. Better connectivity, development of airports, railways, roadways and other facilities and upkeep of places of tourist interest is very necessary. While government is taking actions to improve the infrastructure, the progress has been very slow.

Drastic reforms are taking place in the area of education, prime importance will be for educational reforms. Inflation is great consern, that will be taken care of, all other area will be given due care as if in the normal course.Defence, enery, agriculture, infrastructure etc are given normal waitage apart form other areas.

Hi Adesh interesting idea contest. Thanks for initiating.

I think we should focus first into the IT sector because the global financial meltdown and the strengthening dollar pulled down the Indian IT sector last year. So this sector which had been a major contributor to India's GDP should be given importance.