One day FM

Sorry, for taking such a long break to post my next blog. The main reason to post now is not to leave the month empty. Today while driving to office I heard on FM Radio of “what you will do if you were Finance Minister for a day?” hmmm sounds interesting to be one actually.

I am very bad when it comes to handling finances. I get a decent pay now but the condition on the month end is same as when I was earning 6 times lesser than now. Therefore, me being a FM for a day would be doomsday for India. Even if I do become my list will be not more than ten points.

· Income Tax at flat 10% for individuals, 15% for SME’s, 20% of Indian corporate houses and 25% for any International joint venture company.
· Service Tax at 10%
· Cut down intrest rate for home loans to 5%
· Funding for building schools, hospitals, bridges and roads in rural areas also tax benefits for companies indulging in the project.
· Increase pay scale for all government employees as per the commission’s recommendation (this is to stop corruption).
· Tax benefits for SEZ that comes in areas not feasible for farming.

A lot more to be done to achieve the desired GDP and for that I have to be a FM for 5 years. But for now I have to do my monthly target to have a stable finance and minister it.