Apropos of the column “Budget must revive investment” (FE, June 19), the columnist has brought to fore the needed micro and macro economic factors to be governed in the upcoming Budget. Rejuvenating industrial growth with investments coupled with less fiscal stress is key. Inviting FDI in services sectors, hiking income tax limit, reforming the tax structure, deferring the implementation of GAAR, augmenting coal production to enhance power generation, downsizing subsidies according to the need, streamlining MGNREGA for skill development are needed.
Save their lives
Conflicting versions of what happened to the
Indian nationals—construction workers from Punjab and nurses from Kerala and Tamil Nadu—are doing the rounds. But we are none the more assured of their safety. Before our very eyes their dreams turn into their worse nightmares owing to circumstances beyond their control and we are all deeply distressed by the tragedy of the situation. Before time runs out, the Indian government must rise to the occasion and ensure the safe return of Indian expatriates in war-torn regions of Iraq.
G David Milton
Maruthancode, Tamil Nadu
Agenda for the Modi govt
This refers to the column ‘Does Modi’s writ run at home?’ by Sunil Jain (FE, June 13). The new government has tough tasks ahead. First, it has rationalise procurement and MSPs in the agriculture sector. For this, Modi must take on NDA allies in some states and his own party, the BJP, in others. Also, serious steps are needed to tackle the menace of tax terrorism. Only then, through such tough measures, can it put the Indian economy back on the track. More important, it is time to create more jobs in the country that will give a boost to the educated youth. On the international relations front, the government must take serious and sincere steps to maintain a good rapport with our neighbour Pakistan. Inviting SAARC leaders to the swearing-in was a good beginning.
P Senthil Saravana Durai