Ten Things PM Narendra Modi should do to achieve his dream for India
1. Make huge investment in infrastructure to move the economy and create jobs and incomes instead of handouts. Invest in roads, transportation systems-land, water, air, electricity, gas and oil, cleanup and connect rivers, public trash collection, public toilets, sewer systems, recycling and purifying water, etc.
2. Education expansion and reform based on merit and efficiency of curriculum, students and teachers, use of technology, and focused teaching and learning. Create training centers and polytechnic institutions in every activity at colleges and schools in all communities across the country. Use public as well as private education systems to build up to date human capital in all individuals as their capacity and interest. Give equal opportunity and resources to all regardless of income, caste, religion, region, etc. Create training and jobs where people are in rural and urban areas to minimize migration and use available resources everywhere.
3. Give incentives to small and medium manufacturing and creative and innovative centers in each district and Panchayat Samiti of India. Provide guaranteed working capital through banks and capital markets to profitable enterprises. Give incentives to hire local talent from area colleges, schools and training centers strictly on merit, capacity and performance of the employee.
5. Set the tax rates at 15 percent for income, dividend and capital gains and corporate profit to make them equally important in the eye of the state. Set capital gains at 15 percent for capital appreciation returns on investment up to 20 percent and at 20 percent on appreciation above 20 percent. Apply a universal 5 percent national GST (VAT) on consumers and 10 percent excise tax on corporations.
Apply a 5 percent of net profit as voluntary giving back to the society as decided by corporate or non-corporate owners of large businesses. If they do not meet this requirement annually then it becomes a required tax. Corporations would naturally prefer choice of whom to support for education health, training centers, pure donations to the poor and needy, young and old, etc. instead of handing over 5 percent more to the government.
6. Minimize, reduce or eliminate subsidies to create a level playing field in the market place.
7. Crate and build capacity of the individual to create opportunities for each individual.
8. Liberalize competitive money, banking and capital markets to make the needed financing available to all at a reasonable cost, i.e. at interest rates below the expected return rate on the use of funds. Strengthen financial regulation and supervision to stop a financial bubble before it builds up while making finance available to all who need it in agriculture, industry and service sectors as well as consumers who can qualify for prudent credit.
9. Remove religion and caste based quota, reservation, special or extra treatment and subsidies so that every Indian is treated equally on merit basis and equal opportunity. Eventually make a constitutional change to eliminate the current reservation system altogether. The state should be strictly secular without any preference to any religion. People can practice their religion as they wish. No discrimination and o preference to any religion.
10. Immediately pass a law that any civil servant/government employee caught taking more than a free cup of tea from any one in providing the government service for which he/she is already paid very handsomely should be immediately suspended and prosecuted for taking a bribe in the performance of official duty. His or her pension should also be frozen. This law will apply to all central, state, district, panchayat samiti, and panchayat legislators. officers and office assistants across the country without exception.
Good luck and best wishes to you and your government for a better, cleaner and more prosperous and equal India.
1. Make huge investment in infrastructure to move the economy and create jobs and incomes instead of handouts. Invest in roads, transportation systems-land, water, air, electricity, gas and oil, cleanup and connect rivers, public trash collection, public toilets, sewer systems, recycling and purifying water, etc.
2. Education expansion and reform based on merit and efficiency of curriculum, students and teachers, use of technology, and focused teaching and learning. Create training centers and polytechnic institutions in every activity at colleges and schools in all communities across the country. Use public as well as private education systems to build up to date human capital in all individuals as their capacity and interest. Give equal opportunity and resources to all regardless of income, caste, religion, region, etc. Create training and jobs where people are in rural and urban areas to minimize migration and use available resources everywhere.
3. Give incentives to small and medium manufacturing and creative and innovative centers in each district and Panchayat Samiti of India. Provide guaranteed working capital through banks and capital markets to profitable enterprises. Give incentives to hire local talent from area colleges, schools and training centers strictly on merit, capacity and performance of the employee.
5. Set the tax rates at 15 percent for income, dividend and capital gains and corporate profit to make them equally important in the eye of the state. Set capital gains at 15 percent for capital appreciation returns on investment up to 20 percent and at 20 percent on appreciation above 20 percent. Apply a universal 5 percent national GST (VAT) on consumers and 10 percent excise tax on corporations.
Apply a 5 percent of net profit as voluntary giving back to the society as decided by corporate or non-corporate owners of large businesses. If they do not meet this requirement annually then it becomes a required tax. Corporations would naturally prefer choice of whom to support for education health, training centers, pure donations to the poor and needy, young and old, etc. instead of handing over 5 percent more to the government.
6. Minimize, reduce or eliminate subsidies to create a level playing field in the market place.
7. Crate and build capacity of the individual to create opportunities for each individual.
8. Liberalize competitive money, banking and capital markets to make the needed financing available to all at a reasonable cost, i.e. at interest rates below the expected return rate on the use of funds. Strengthen financial regulation and supervision to stop a financial bubble before it builds up while making finance available to all who need it in agriculture, industry and service sectors as well as consumers who can qualify for prudent credit.
9. Remove religion and caste based quota, reservation, special or extra treatment and subsidies so that every Indian is treated equally on merit basis and equal opportunity. Eventually make a constitutional change to eliminate the current reservation system altogether. The state should be strictly secular without any preference to any religion. People can practice their religion as they wish. No discrimination and o preference to any religion.
10. Immediately pass a law that any civil servant/government employee caught taking more than a free cup of tea from any one in providing the government service for which he/she is already paid very handsomely should be immediately suspended and prosecuted for taking a bribe in the performance of official duty. His or her pension should also be frozen. This law will apply to all central, state, district, panchayat samiti, and panchayat legislators. officers and office assistants across the country without exception.
Good luck and best wishes to you and your government for a better, cleaner and more prosperous and equal India.
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