Mar 01, 2001 06:39 PM
1468 Views
Well the finance bill has been introduced, It is the time to analysis it. Overall Yashwant Sinha has given us a good budget, the Industry has got valid reasons to be happy with it. But are we (Individual) as happy as the corporate are? No.
The reasons for it are fairly simple. The Interest rate cut on small savings, downsizing of government staff are two vital and crucial decisions which we will affect us a long way. All looks fine - many people would say this, but whether we Indians are in position to adapt to American type of economy? Consider the following fact we will be leading the world in terms of population, we will have more illiterate in coming years. What government has done about this in new budget is it sufficient?
America has better employment opportunities as compare to any other country in the world; can it be said about the Indian Economy?
We have labour laws in place but whether in past or present time it has been enforced strictly? – No
The downsizing is okay but where are the jobs?
With multinational coming in Indian market – the small industry is facing the threat of closure.
Well I feel the government job is to look after health, education and facilitation of Infrastructure.
We should also do something about our population as well, explore the ways to restrict population growth.
If Government can set right it’s vision, probably we will have a better future for ourselves and coming generations.
