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People as Partners: Suggestions invited for Budget 2015-16

People as Partners: Suggestions invited for Budget 2015-16
Start Date :
Jan 21, 2015
Last Date :
Feb 28, 2015
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

In order to infuse more transparency into budget making exercise and to have people as partners to the process of budget making, Ministry of Finance has decided to invite ...

In order to infuse more transparency into budget making exercise and to have people as partners to the process of budget making, Ministry of Finance has decided to invite suggestions for Budget 2015-16.

To make this process more engaging and meaningful, you are invited to give your suggestions.

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Showing 4055 Submission(s)
Biju Narayanan
Biju Narayanan 10 years 9 months ago
1)Allocate money for cultural development. Culture reduces crime.2) allocate fund for population control. High time to control population 3) Allocate fund for Budhist and Jainist ideologies. 4) Allocate fund for superstition eradication
Biju Narayanan
Biju Narayanan 10 years 9 months ago
BLACK MONEY continues.... 3rd Advantage) Easy tax collection for Government. Collect from Banks. interests of term deposits are for Government for the first 3 years. 4) People do not lose any part of the deposit since tax is the interest of the deposit. 5) After 3 years, the money is white and so it continues to be in the banks. 6) All black money comes to bank and great for nation. It is WIN WIN for people and nation. Please think about it.
Biju Narayanan
Biju Narayanan 10 years 9 months ago
Win Win situation to recover "BLACK MONEY". 1) Allow people to deposit their black money as term deposits in any bank of their choice. 2) First 3 years the interest of the deposit goes to Government of India 3) 4th year the money is white and considered tax already paid. Advantages: 1) People shall like it since, they do not pay any tax on this money. The bank pays tax in the form of interest 2) Black money does not yield any interest. So locking money for 3 years does not harm people.
VIJENDRAN R
VIJENDRAN R 10 years 9 months ago
May consider introduction of 5% tax slab so that IT is introduced with marginal taxation and 15% tax slab after 10% as sudden increase of 10% after 5 Lakhs is very heavy considering the inflation levels. It is highly essential to shift the second tax rate i.e 10% beyond Rs. 5 lakhs in addition to the raise in basic exemption.
sanjai kumar rai
sanjai kumar rai 10 years 9 months ago
लोक लुभावन सब्सिडी के बजाय भारतीय तरीके से पूँजी जुटाने पर पूरा ज़ोर दिया जाय । मनरेगा जैसी योजनाओं को भी बंदरबाँट के बजाय सार्थक और रोजगारपरक बनाया जाय । अपना स्वदेशी आर्थिक तंत्र विकसित करने पर ही पूरा ज़ोर हो ।विदेशी निर्भरता एवं विदेशी माडल को पूरी तरह से दरकिनार रखा जाय । ,
NIKHIL SHAH
NIKHIL SHAH 10 years 9 months ago
Major peoples in order to save their money, invest their financial resources into real estate. People own more than 1 home and enjoy the benefit of saving their money. But because of these prices of houses are increasing day by day. Hence according to me investment benefit u/s 80C for home loan principal amount and u/s 24 for interest on home loan should be restricted for an individual owning his first dream home and not for homes bought more than one.
Ganesh Anand T T
Ganesh Anand T T 10 years 9 months ago
Although we have a good skill on technology, because many of the products that are being researched and launched on a global scale leverage technologies that are patented in other countries, we may be in a situation to spend more on loyalities for leveraging those technologies here in India. With focus on better researches and inventions done here, I strongly believe it will help the nation on the long run to improve its value on a global scale.
Ganesh Anand T T
Ganesh Anand T T 10 years 9 months ago
Our Country will need more focus on "Research" and "Innovation". Currently we are not "seeing" more focus on Innovation (or) we are not marketing what research we are doing on a global scale. I strongly believe for a country that has more imports than exports, Innovation and Research on better utilization of available resources is the key to succeed globally as a nation.
SUBRAMANIAN C RAMANARAYANAN
SUBRAMANIAN C RAMANARAYANAN 10 years 9 months ago
Give an additional basic exemption to both parents of "single girl child". The new deposit scheme does not help whose girls are aged 14 now. Therefore evolve a new scheme ( without any riders of foreign linked aadhar) for girls aged 14 to 18. Single girl children can be given more interest in FDs in their own name ( minor's account) . That will persuade more parents to invest in single girl's name.