Finance Ministry – Policies .

The underlying principles on which the Finance Ministry would set its functional Policy Stratagem are set out below for the Indian public to consider and vote upon:

  1. The Policies must aim to create an economy that removes all barriers to enterprise and growth of the nation, from the smallest shopkeeper entrepreneur to the biggest giant enterprise builder.
  2. It must dispense with the narrative of “us” (government) versus “them” (Indian citizens), the “thanedar” approach; a policy of the British that still resides in the day to day life of the Indian public and one that the politicians and bureaucrats love to hold on to as it gives them virtually unlimited power with no, or little, accountability to the Indian public whom they are supposed to serve; they rule like a foreign power, not serve the public.
  3. They must create a framework that works in consultation with the Indian public, and diverse stakeholders at all times; and in tandem with various socio-economic segments of society.
  4. It must design accountability and citizen oversight in all of its working and functioning Policies, if the country is to gain a society that is hugely productive, creates enough wealth to take care of the nation’s needs and is within the Indian civilizational story of cooperative, humane functioning, that is free of stress and threat.
  5. The Policy Frame must rest within the chronicle of the “nature of nature” and the Indian civilizational story of equity, social and economic justice and fair play. Yatha Raja Thatha Praja is an ancient statement, it is time it where the Rajas (Politicians and Bureaucrats) started behaving in a manner that sets an example for the people and frees them from the jail and straitjacket that is the current Indian system.                        

The following Policies are put forth by The Rising India Party for the Indian public to consider and vote upon:

  1. Indirect Taxes such as GST must be worked on an industry wise basis and be based upon the inherent capacity of the industry to pay subject to the profitability of each.
  2. These must be worked in close consultation with each industry group and be examined on the basis of “root costing” to arrive at a fair assessment of each segment’s capacity rather than an arbitrary figure arrived by arm-chair bureaucrats.
  3. Income Tax Policy and upper limits have been laid out under the title ECONOMY and are to be read congruently with this section.
  4. The country must move out of the song of FDI, Foreign Direct Investment, to one of raising funds within the Policies of giving incentive to Indian citizens and entities domiciled and living in India and Overseas, including those of Indian origin, who have amongst them presence in most industry categories overseas and more than enough wealth to fund India’s growth story if they are given the opportunity and incentives. The Diaspora initiative laid out in this document detail these policies.
  5. Only if this is found to be inadequate should FDI be encouraged. Of course, in the interest of promoting the international agenda and ambition, the country should remain open to FDI but only on terms that suit the national interest and not that of the foreign entity and not take the position, that is current, in that FDI is critical for the country and its salvation. It is not its salvation, rather it is a debt and foreign influence / control trap, and we are inviting it.
  6. China is an outstanding example of a nation that opened itself to huge FDI, but on its own terms, and these were tough, but accepted by all those entities who baulk at investing in India unless we give them pretty much everything they want. It is possible that there has been political and bureaucratic corruption in this storyline that may be the root cause of such behavior. The Rising India Party will undertake a study of this phenomenon to arrive at the core and underlying reasoning and truth that is operating here.
  7. Innovative policies need to be designed to help Indian industry capture a much larger share of the world markets in every product group and these would be tabled in detail once the Policy Plans Board Groups are framed after The Rising India Party wins elections. These discussions will be open to the wide socio-economic segment of the Indian public and transparent at the discussion and framing stage.
  8. Policies for the rapid development of Indian Tourism based on its huge wealth of history, natural beauty and availability of the longest and best mountain range, alongside one of the best coast lines, will be put in place as soon as The Rising India Party wins elections.
  9. This is low hanging fruit and would immediately create huge number of jobs and foreign exchange earnings for the country, impacting positively on the balance of payments and foreign exchange reserves.
  10. This sector has been largely ignored by successive governments since independence and, consequently, India enjoys less than 2% of world tourism when it should be more than 20 %! Other than China, no nation on earth has the depth of ancient history and natural beauty strength than India, and we are the most un-developed in our resources and nowhere on the international scene. This has to be fixed through Policies that immediately and quickly get this sector moving.
  11. These Policies would include Tax incentives, soft loans and working with history and restorations experts sourced from the world over as required to rejuvenate and bring alive the ancient India flavor and narrative in full flow.
  12. The Policies suggested under the title ECONOMY apply to the Finance Ministry Policy Framework.
  13. Additions and amendments to the recommended frame are invited from the Indian public in the widest sense

Comments 0