Corruption and its mistake –no new lessons learned

Dear FM Pranab Sir,

Great to hear that you been the 3rd Finance Minister of all the states to present Budget of the Country for the 6th time. though the magic of Budget is fading off.

All the concerns arises because of the huge amount of tax payers money being dumped in corruption and secondly even after know how’s committed the crime our government is so lenient that it just keep matter to one self and suppresses it somehow.

Media have started working more of a detective channel then more of news oriented channel. Creation of news is not important then knowing the right facts and figures.

Deficit financing was not required to India of the 2G and 3G spectrumAuction would have been taken into hand with much maturity. Understand the importance of 2,00,0000 Cr. It changes the coerce of action for any country if money was to be pooled in for development.

So what has to be done to make our country more responsible use money of ( most of it is the taxes paid by us and our parents) . Give the authority to auctioning and handling projects to an authority just like the SEBI.

SEBI, being the one man army can handle its own matters well and is independent in its functioning.Then why not make a regulatory bodyjust like SEBI, say IRB ( Investment Regulatory Board) to keep a monitor on all the investment made in India and money flowing out of India. this will help us to save a lot of pressure of common man and on other side fair investment can be made by companies in order to make plans in India. Corruption wouldn’t come in picture for while will the time people dint find loo poles in the system.

Secondly what is to be done is to cancel the trade ties of Tax exemption Act with countries like Mauritius and Singapore. The fact that most of the black money travels thought these channels is enough to put temporary restriction for time being. Reason being be it 2G scam or the IPL scam, money was pooled in through these channels so easily.

More updates coming soon..