Create your world with sifymail
Login | Register
Comments Share Print  Rate 
SIFY

Economic Survey: Highlights

2009-07-02 12:33:37
Last Updated: 2009-07-02 13:42:50
 

Economic Survey 2009
 
Highlights
 

  • Decontrol petrol and diesel prices

  • End govt monopoly in railways, coal and nuclear energy

  • Tax system still complex

  • High liquidity in the system

  • Stimulus must be sector specific

  • Review custom duty exemptions

  • Tax dividend in the hands of receiver
  • Move to zero fiscal deficit

  • Monsoon, performance, global economy crucial factors

  • High liquidity could lead to inflation spiral


  • Survey for removal of transaction taxes like STT, FBT

  • Allow private operators to run train services to tourist destinations; List at least 49 percent of port trusts

  • Convert government departments providing commercial services into corporations

  • Telecoms licences should not automatically entitle holder for radio spectrum grants.

  • Spectrum should be auctioned and should be tradeable.

  • Allow open access to local telecoms infrastructure to provide broadband Internet services and for telecoms services to rural areas.

  • Waive charges on telecoms providers if they provide broadband services in villages.

  • Convert government departments providing commercial services into corporations

  • Tax cuts needed

  • Survey for removal of cesses and surcharges

  • Just 6-8 subsidised LPG cylinder per home/year

  • Move to zero fiscal deficit

  • Reduce oil, fertiliser, food subsidies

  • Fertiliser subsidy directly to farmers

  • Allow FDI in retail starting from food

  • 7-7.5% growth possible in 2009-10

  • Worst over for economy

  • Sees early economic revival

  • Allow 49% FDI in defence and insurance

  • Limit subsidy on LPG cylinders

  • Raise foreign equity limit

  • Review and phase out surcharge cum cess

  • Need to revitalise disinvestments programme

  • Rs 25,000 cr would be generated through disinvestment

  • Important to roll back liquidity once growth improves

  • FBT to be phased out

  • Govt should implement GST from April 2010

Comments Share Print  Rate 
 
 
Special Rate on Stock Products:
Intraday | Exclusive | Live stock chat | StreetCall | MultiBagger | NiftyTraders | MarketBuzz | SmarTrade
© Copyright Sify Technologies Ltd, 1998-2009. All rights reserved. India News Portal, Sify.com hosted at SifyHosting India's first Level 3 Internet Data Centre.
Site optimized for Internet Explorer 5.5 and above.
See Disclaimer | Privacy Policy & Parental Guidance on pornography | careers@sify | About Us | Feedback | Advertise