Despite all pep talk in budget, it is very clear that budgeting is merely a exercise done by Governments in Centre and States to collect taxes and revenue to meet their ever booming expenses and luxury and extravaganza.
The Indian Governance and economy is actually sick.
1.There is theft of at least 30% of electricity generated in country both by rural people and industries and urban people.Add to this 15 % transmission and other losses.
Despite all pep talk in budget, it is very clear that budgeting is merely a exercise done by Governments in Centre and States to collect taxes and revenue to meet their ever booming expenses and luxury and extravaganza.
The Indian Governance and economy is actually sick.
1.There is theft of at least 30% of electricity generated in country both by rural people and industries and urban people.Add to this 15 % transmission and other losses.
2.No benchmarks and indices are used by Central government for planning.For example in India per Capita income is just Rs 40,000 but a moderate house in urban areas is available for at least 20 lacs which is 50 times.
Compare this with New York.Per capita income is 48000 dollars and price of good apartment is 2.3 lac dollars or ratio is just 4.7 times or maximum 5 times.What kind of economic management Man Mohanji is doing? Is he globalising expenses or income?
In India short term interest rates are from 5 to 7% whereas in USA these are hardly 1 %.
How Manmohan Singh who is being propagated by corrupt media as expert can overlook such simple statistics? He is blindly implementing US model here without understanding and ensuring basic US features first in Indian society and Economy.And do we need to copy US system which is full of ills for their own citizens?
3.The Indian government is having single track mind in collecting more and more taxes arrogantly and without any accountability. The share of Government salaries,perks and pensions in India is a huge percentage of GDP and is creating fiscal deficit.Add to this life long pensions and medical care and ever rising corruption rates, a large amount of Indian money is siphoned off by politicians and babus evry year and spent in property and luxury and sent abroad also.The laundering continues despite talks to bring black money back to home from switzerland. This shows double standards of Congress and the politicians in India, generally.It includes all parties.
4.Government today is not spending any money for any project.All projects are being done on BOT system.Huge taxes are being collected in name of excise and service tax.Where all this money is going? It is being doled out to various fraudulent and ill managed schemes where babus,contractors and politicians are looting the money.This is main cause of rise in property prices and inflation in country
5.The governments are supposed to use their agencies and development Institutions to regulate private sector greed and moderate inflation.But in housing sector for example all state and central developmental agencies have simply stopped development of land and housing at moderate costs and distribute these so as to limit price rise.On the other hand euphoria of Mall culture and infrastructure is pressed by politicians to set in a cycle of greed and profiteering and speculation. Huge stamp duties and taxes are levied on property causing No 2 dealings and rise in property prices.
6. Healthcare has virtually gone to zero in state sector.Ground has been left open to private sector to bleed patients.American Insurance model has been brought but again half heartedly thus causing havoc.
It is time educated Indian atleast come forward and start a campaign for poltical and governance clean up
Indexes and becnhmarks should be fixed for each criteria and government be forced to observe low cost of operations and ensure elimination of corruption.The property market should be brought down by atleast 50%.
V.SURYANARAYANA
41 ABC TOWER NEAR ITWARI TEL.EXC.C.A.NAGPUR
9373103377
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