|| SHANIWAR SAMWAD || 03-12-2022

The budget is around the corner. Different stakeholders had been started. The different groups with expertise in their respective fields are giving suggestions and making demands for the respective area.

The rumors and some definite things are coming from these meetings and we will be clear about when the actual budget will be presented in parliament. The seven days were hectic for the finance ministry, the different group gave their suggestions and put some demands for the welfare of the respective sector's stakeholders.

The main requirement in the present situation is to carry out new reforms with the continuity of old ones.

The present situation is very conducive to accepting a hard dose of reforms as everybody is watching the present downfall of economies all over the world. We are marching towards becoming a self-dependent economy with major trading partners for all in every continent.

The world is facing issues that are giving us the best opportunity to grab, the recent statement by the European Union to cap the prices of crude from Russia is going to help us only not them.

Recently, our external affairs minister told reporters for allowing crude from Venjuala to help reduce the prices going forward.

The Tax collection for the current year both direct and indirect is buoyantly surpassing the target which was given in the present budget. The non-tax receipt of funds is also increasing which includes bonuses from PSU.

The clearcut roadmap of reforms and other initiatives which are adding to our progress should be continued with course correction if any is required should be done in a holistic way.

The divide between urban and rural development programs should be minimized.

The present way of development is such that both work in silos with respective ministries, but it is necessary to correct the anomalies which are creating unbalance between them.

The approach should be such that both get the benefits of the same programs as both are dependent on each other. The MNREGA for rural and urban poor which is under making should be such it should that capital used will give permanent solutions to problems that needed attention.

Let's wait for the final budget which will presented on 1st feb.


Location: India

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