The Budget this year is a progressive one and is expected to bring in 'all-inclusive' growth. It has focussed on social sector, physical infrastructure and controlling inflation.
However, the challenge lies in monitoring and implementing the schemes. For this, it is essential that the Centre and state governments work in close coordination .
Although no incentives have been provided for NRIs, we are happy to see that the recommendations of IndusInd International Federation on investment in social and physical infrastructure, monitoring and implementation, rationalisation of indirect taxes, reduction in personal taxation, trading in carbon credits, activating the corporate bond market have been accepted in one form or the other.
The author is chairman, Hinduja Group
http://in.news.yahoo.com/financialexpress/20080303/r_t_fe_bs_budget08/tbs-centre-state-govts-should-work-in-sy-7435665.html
However, the challenge lies in monitoring and implementing the schemes. For this, it is essential that the Centre and state governments work in close coordination .
Although no incentives have been provided for NRIs, we are happy to see that the recommendations of IndusInd International Federation on investment in social and physical infrastructure, monitoring and implementation, rationalisation of indirect taxes, reduction in personal taxation, trading in carbon credits, activating the corporate bond market have been accepted in one form or the other.
The author is chairman, Hinduja Group
http://in.news.yahoo.com/financialexpress/20080303/r_t_fe_bs_budget08/tbs-centre-state-govts-should-work-in-sy-7435665.html
