Lara-Lappa Budget – 900 Jetliners vs 700 Locos

February02, 2018 (C) Ravinder Singh progressindia2015@gmail.com

 

There is general perception that this government works for Rich & Super Rich – this was evident when budget speech disclosed when for Rich Class 900 Jetliners are to be inducted by private airlines and 90 airports to be built to cost Rs.6,00,000 Crores – to sustain 18% growth in aviation sector to be SUCKED UP FROM BANKS NO NEED OF BUDGET but Indian Railways Mainline throughput is ZERO in four years – IR is to Induct 700 Locos worth Rs.5,000 Cr for Rest of 1.3b Indians mostly as replacement for aging Diesel or Electric Locos.

http://dgca.nic.in/reports/Traffic-ind.htm,

Air Traffic Doubled in 4 Years – 614 Lakh 2013 to 117 Lakh in 2017

http://www.indiabudget.gov.in/ub2018-19/bs/bs.pdf

No Budget Allocation Growth in all major sectors in this year’s.

Tax Receipts Growth UPA 20% in 2 Yrs, NDA – 27% in 3 Yrs

ACTUAL TAX Receipts in Rs. Crores

http://www.indiabudget.gov.in/ub2018-19/rec/ar.pdf – http://www.indiabudget.gov.in/budget2017-2018/ub2017-18/rec/ar.pdf – http://www.indiabudget.gov.in/budget2015-2016/ub2015-16/rec/ar.pdf , http://www.indiabudget.gov.in/budget2013-2014/ub2013-14/rec/ar.pdf

Description

2011-12

2013-14

2014-15

2015-16

2016-17

Corporation Tax

3,22,816

3,946,78

4,28,925

4,53,228

4,84,924

Income Tax

1,70,342

2,428,57

2,65,733

2,87,637

3,64,604

Customs

1,49,327

1,720,85

1,88,016

2,10,338

2,25,370

Excise

1,45,607

1,701,98

1,89,952

2,88,073

3,82,094

Service Tax

97,508

1,547,78

1,67,969

2,11,414

2,54,499

Gross Revenue

13,04,365

15,59,447

15,85,921

17,74,434

19,84,089

http://www.indiabudget.gov.in/budget2015-2016/ub2015-16/bag/bag11.pdf  – http://www.indiabudget.gov.in/ub2018-19/bag/bag1.pdf –

Actual Total Expenditure growth in three years 2014-17 was from Rs.15,59,447 Cr to Rs.19,75,194 Cr. is 26.7%.

Most Important sectors are UNDERPERFORMING –

 

1.  Agriculture, 2. MSMEs, 3. Railways, 4. R&D Patent, 5. Industry

Exports, 6. Education, 7. Healthcare, 8. Irrigation & Multipurpose Dams, 9. Solar PV – 13,000 MW out of 1,00,000 MW 2021 target in four years, 10. Food Processing.  

Most projects were Unviable – Waste of Public Money – i.e. Rs.16,00,000 Cr Invested in Power Sector Produced Average 20,00,000 MW – Energy Efficiency Neglected.

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,

Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

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