Thursday, February 28, 2008

Respected Finance Minister

Respected Finance Minister,
I take the pleasure to furnish certain issues which may please be scrutinized for the welfare of our citizens in the coming days and years ahead. Moreover all these years right from the Independence all the budget seems to be similar by supporting the Industrialists alone and not at all the common man. Hope you will agree and admit to my opinion. Of course the Country is changing a lot since a few years and coming up in good manner competing with other healthy Countries, but at the same time the cost of living never came down even after our total population increasing day by day which should have been competitive enough. A few changes as referred herein below may please be looked if your good self feel possible (to say - everything is possible as you are the Best Finance Minister).

1. Make Free Market of Essential Commodities through PDS in best qualities which will automatically reduce the price by private vendors as was done in the late seventies by the then Morarji Desai Government. This will really be appreciated by Poorest of the poor, The Poor Middle Class, The Middle Class etc.

2. The Central Government must reduce the Tax Structure on various items including the Essential Commodities and LPG so as to make the people to buy particular item(s) twice or thrice in a month rather once in a month as being done now by all due to shooting up of commodities unpredictably.

3. Waste Lands are aplenty in our Country. It can be used by converting into cultivate lands for more green cultivation so as to keep the cultivated produce under price check. No middlemen should be involved at any point of time at any cost.

4. Service Tax Structure may result income to your Central Kitty but it never received a good appreciation amongst general public. May be the top most Industrial Units have no problem but again the affected category are the people in general.

5. The most important point to pump more money into Central Kitty is to implement a New General Policy (NGP - FAMILY ORIENTED)for multipurpose Savings/Medical Claims/Pension Payment on transferrable basis (to family members alone) with a minimum monthly deposit of Rs. 100/- and in subsequent deposites like Rs. 250/-, Rs.500/-, Rs.1000/- and more with attractive interest rate for a minimum period of 3 years and more as required by the depositors payable in monthly/bi-monthly/quarterly/half yearly/yearly remittances. Ensure a pre loan facility or free withdrawal facility also included for the depositor’s domestic needy at anytime after a minimum 3 years payment with no interest calculation for the sake of pre mature withdrawal. A separate form from the Central Government in this regard for payment to the Central Pool payable at all Post Offices and Banks across our Country will definitely and certainly fetch more revenues which in turn can be re used at your discretion with all major industries and for other developmemnt categories.
6. Please stop bringing in foreign goods into our Country as this really and heavily affects the Local Products which are “Made in India”. We have enough resources to pump in more currencies from the produce of goods of various categories. Due to the entry of foreign establishment lot of our workers not having regular income to survive as they see high profile employment. This process also affects or will affect our export business in overall. Try to minimise the entry of foreign goods and please ensure the value of money for our Indian Made Products which must roar the World as the Best so that whatever we need will be achieved not only financially but the ultimate goal of removing poverty.

7. My last submission to your good self is: to see that in collaboration with respective State Governments a policy is drafted to for owning a house by all categories of people in our Country depending on their status to have their DREAM HOME by paying Minimum Monthly Installments with less interest calculated as these days the Bank Interests both Public and Private Sectors are charging heavily. As whoever rule our Country whether Congress or BJP or any alliance, their first priority should be focused towards our people rather towards foreign entries. If this trend be followed certainly our country will fly high. Sir, I am not an economist or expert but as a citizen of this country, I submit my views hereby which may be looked into for the welfare of this Nation. Thanking you Sir and hope to see your well prepared budget.

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