Learn to manage

Every time the budget session starts the government rolls out schemes to attract investors. I have seen my mother managing her household in the fixed resources and yet making a progress without taking aid from others. This is the story of every Indian household and we progress. However, so is not with our government, it has ever cumulating deficits, wants more investment, and relaxes laws to allow foreign investment. Government has its earnings from its establishments and the taxes; we practically pay taxes on every commodity followed by a hefty income tax. The question is why are government establishments always in deficit whereas their private counterparts make huge profits?

Firstly, the government needs to squelch its redundant policies. It must accept the failed development models, should renounce or reinvent them than investing more money in them. The schemes should be executed in a time-bound mode as their sluggishness increases the estimated cost of investment and nourishes a laidback and unaccountable approach. Secondly, to lower the deficit the government should cut down the expenses on its maintenance. Recently, our Honorable Prime Minister had a delightful meal in the parliamentary canteen at the meager cost of Rs 29.00. Did he make an effort to calculate the unnecessary subsidy paid by the taxpayer for this meal? The government needs to introspect the validity of the perks provided by it. Thirdly, it should emphasize on the proficiency and competition. Generally, the government-funded projects are known for their sullied quality in spite of the cost involved being enormous. Government needs to take inspiration from the private sector in terms of the work efficiency and deliverance.

Government’s inefficient ways increase the deficit and it needs investors. To promote the investment its waives off many taxes and offers subsidies which in turn escalate the deficit. While providing subsidies government looses dominance over the investors who churn out huge profits. Government should end its dependency on the industrialists, besides should be efficient to extend its support for their growth. Occasionally, industrialists take advantage, dodge the laws and give government tough time to reclaim the losses incurred. It is a vicious circle that will sustain if government does not mend its way of functioning.  The government should give up its reluctance to revamp itself and its motto of sarkari kaamkaz mein samay lagta hai. As in the cascade the ultimate sufferer is the common man who affords the government’s extravagances, its inadequacy and its subsidies to the wealthy. 

When we can manage our household economically then why not our country?