Researched piece. Must see

Most of the public works especially roads made by the ULBs or the PWD are inferior in quality.They do not make good quality roads which have longer life.Make low quality roads allows the department to repeatedly make the same roads again and again.This is a cause of serious concern as it is eating up a major part of our expenditure.Making good quality roads will save much money and the money saved can be used in other infrastructural development works.Corruption and unnecessary expenditure is a major concern for under development.

Expenditure on mid day school meal is very high. Quota per student / day is approx 400gms of Raw rice & raw dal. This is too much for students of age 7-16. In this quota approx 1/2 to 2/3 is saved /day. It goes in ........ Selling from backdoor. One school management body which is honest have problems selling this honestly. Other schools face same problem Budget of this scheme can feed twice or more syudents if properly run. Please consider this for rebudgeting

GoI can maximize the quality utilization of both plan and non plan expenditures through effective planning and monitoring of funds. An innovative idea in this context could be issuance of a unique ID for each Ministry like PAN card. When an individual apply for loan his/her credit rating is identified by consolidated report produced by CIBIL by interlinking all the bank accounts. Similarly this ID will interlink all the bank transactions to monitor the utilization at each institutional level.

We have nearly 56 odd taxes in India. The sum total of all these taxes are inflation. If we replace this by single Bank Transaction Tax, the inflation can be controlled and the total revenue of the country increased at the same time. But why are we not doing it?

Black money holders approach launderers for conversion who charge them a commission. If BANK TRANSACTION TAX charged is less than this surely all will deposit it in Bank to the benefit of the Government.

People holding black money usually invest it in land or gold. An asset and liability statement in the same format as those of Government servants should be submitted by individuals at the time of filing Income Tax Returns.

Along with this a chance should be given to all those who hold black money in hand to voluntarily disclose it and deposit it in banks and charge only BTT. This will be source of big revenue to Government and sufficient money will be available for development purposes.

Root causes of inflation has been identified and solutions are being implemented but we are no where near to success. The reason of too much black money in circulation i.e. too much money chasing too little goods has not been identified and action taken to curb this. The only solution is to curtail black money in circulation by withdrawing Rs.1000, 500 and 100 notes from circulation and limit cash transaction to Rs.2000/-. Unless this is done we can never curb inflation.

All direct and indirect taxes are to be abolished and a single point tax imposed at comparatively low rate. BANK TRANSACTION TAX is the ideal tax to be introduced. This will bring in more revenue that all the taxes put together.