Budget that should give fillip to jobs in rural hinterland
Jobs in rural hinterland is a big issue. Big enough to up the temperature. Those having passed out of schools, colleges are sitting idle. WAiting for an opportunity to secure training here or there. Some having enrolled in ITIs are staring at a bleak future, those having passed out no good either.
The attempt to get in shape SMEs (small medium enterprises) should be in a way that dots the rural landscape. Select 50-odd districts who barely have a sector to support them, distressed by most yardsticks, try to get the smes here in one way or the other. Rural hinterland with a falling agricultural yield is a source of concern and attempt should be to get a research institute in a district that is not known. Already a district bombarded with different sectors/institutes can't have the sole privilege to have more of them. The effort should be to have them(sectors/institutes) evenly spread.
Disinvestment as part of non tax revenue can't be relied for long, other avenues should be explored. When base year was 05, the GDP grew at 5 per cent, when base year was made 12, the GDP grew by almost 7 per cent. New data series on GDP growth is questionable. Some would argue that was there a need to change the base year.
Public sector ports to be corporatised. A good move indeed. A process not to be rushed through with enough precautions built in. Some public sector ports need not change their nomenclature if proper study is done as research would reveal after clipping little loopholes here and there they can still function as public enterprise .
Some cheered the announcement of setting up of seventh pay commission. To be fair the largesee that is to be doled out should be in a manner that does not bring the finances under alarming stress. A mild rise is better since revenue with higher traction is not always guaranteed. Some may ask was there a need to make an announcement towards setting up of a new pay commission, something done in the previous regime. At lower level get more recruitments on contract to get the financial pressure away. At middle level try to do the same. We hail the deal in Greece and hope it carries through. That should be a reminder for us.
New glide path that puts fiscal deficit at 3.5 per cent in 2016-17 and 3 per cent in 2017-18 should not necessarily be adhered to. A little higher fiscal deficit would still be viable. Direct Benefit Transfer (DBT), more should be brought in its coverage as that at this moment looks to be the option to cut leakages. We say that India stands at 35th position as far as foreign debt which is 120 per cent of GDP. Attempt should be to get somewhere near 70 per cent over a period of time.
More attempt should be made to bring the lower half of policing under contract as that would give dramatic results.
Skill development with something to look forward is better. A blueprint, with enough precautions built, should be tried in the right earnest. Making announcement just for the sake of making announcement does not get us on board. There are a host of states which have organised investors' meet. Big page ads showing the proposals they received may have revived the fortunes of different publications but that was far away from truth. A slew of proposals received does not translate to a slew of investments made and registered. Let the state governments Get the ads posted once investments have been made, married to a possibility of changing the fortunes of some if not all.
The Swatch Bharat Cess may look grand, grand would be its realisation if the money meant for this cause actually goes towards that endeavour rather ending somewhere else. A monitoring, consistent, and carried by capable hands would be ok. A budget exercise that evoked mixed reactions.
Priority should be to up the agricultural yield, bring jobs to rural hinterland.
Jobs in rural hinterland is a big issue. Big enough to up the temperature. Those having passed out of schools, colleges are sitting idle. WAiting for an opportunity to secure training here or there. Some having enrolled in ITIs are staring at a bleak future, those having passed out no good either.
The attempt to get in shape SMEs (small medium enterprises) should be in a way that dots the rural landscape. Select 50-odd districts who barely have a sector to support them, distressed by most yardsticks, try to get the smes here in one way or the other. Rural hinterland with a falling agricultural yield is a source of concern and attempt should be to get a research institute in a district that is not known. Already a district bombarded with different sectors/institutes can't have the sole privilege to have more of them. The effort should be to have them(sectors/institutes) evenly spread.
Disinvestment as part of non tax revenue can't be relied for long, other avenues should be explored. When base year was 05, the GDP grew at 5 per cent, when base year was made 12, the GDP grew by almost 7 per cent. New data series on GDP growth is questionable. Some would argue that was there a need to change the base year.
Public sector ports to be corporatised. A good move indeed. A process not to be rushed through with enough precautions built in. Some public sector ports need not change their nomenclature if proper study is done as research would reveal after clipping little loopholes here and there they can still function as public enterprise .
Some cheered the announcement of setting up of seventh pay commission. To be fair the largesee that is to be doled out should be in a manner that does not bring the finances under alarming stress. A mild rise is better since revenue with higher traction is not always guaranteed. Some may ask was there a need to make an announcement towards setting up of a new pay commission, something done in the previous regime. At lower level get more recruitments on contract to get the financial pressure away. At middle level try to do the same. We hail the deal in Greece and hope it carries through. That should be a reminder for us.
New glide path that puts fiscal deficit at 3.5 per cent in 2016-17 and 3 per cent in 2017-18 should not necessarily be adhered to. A little higher fiscal deficit would still be viable. Direct Benefit Transfer (DBT), more should be brought in its coverage as that at this moment looks to be the option to cut leakages. We say that India stands at 35th position as far as foreign debt which is 120 per cent of GDP. Attempt should be to get somewhere near 70 per cent over a period of time.
More attempt should be made to bring the lower half of policing under contract as that would give dramatic results.
Skill development with something to look forward is better. A blueprint, with enough precautions built, should be tried in the right earnest. Making announcement just for the sake of making announcement does not get us on board. There are a host of states which have organised investors' meet. Big page ads showing the proposals they received may have revived the fortunes of different publications but that was far away from truth. A slew of proposals received does not translate to a slew of investments made and registered. Let the state governments Get the ads posted once investments have been made, married to a possibility of changing the fortunes of some if not all.
The Swatch Bharat Cess may look grand, grand would be its realisation if the money meant for this cause actually goes towards that endeavour rather ending somewhere else. A monitoring, consistent, and carried by capable hands would be ok. A budget exercise that evoked mixed reactions.
Priority should be to up the agricultural yield, bring jobs to rural hinterland.
No comments:
Post a Comment