Hailing from Ahmedabad, Asim Boral thought for us a good Budget. Asim speaks of his Dream Budget for 2012-13.
MY DREAM BUDGET for 2012-13
1. Make two budget -One for developed India and other for RURAL INDIA
2. Since only 2 % populations comes under direct tax so to improve revenue upto 60000 Rs a year -no tax
>60000 to 15 lakh -3 % with no other tax benefits in any a/c
>12 lakh to 5 crore 15 % flat
>5 crore and above -20%
3. Home loan at 3% upto Rs 50 lakh for one time measure upto 4 years to clear all dead money in Housing infra sector -put service tax for any home buyers 2% for any value
4.Uniform GST for agro progucts -2 % and non Agro -12% flat -to avoid multiple tax burden on products .All state to get 70% of GST tax ammount and 30 % for centre
5.Reform in Panchayt Institution for handling cash so that Gram Sabha will handle independently with direct reporting to CM
6.Industrialist /Corporates who volunteer for Rural Housing and Rural schooling will get tax bonus at 2% with actual certificates of implementations from CM/PM office
7.Reform Oil sector like steel in 1992 so that Oil sector grows independently with double the productions with in 5 years .Steel sectors has grown to 22 million tons a yearin 1992 to now 100 million ton a year
A Big applaud to him.