Overall goal create certainty and stability. Strategic goal provide clarity and restore confidence.

1. Restore confidence in corporate bodies:

The government should roll back retrospective tax reforms (Remember Vodafone). This will
restore corporate trust.
2. Encourage FDI:
Government should hike FDI limit in certain fields (especially in defence and insurance) to
encourage foreign investment.
3. Goods and Services Tax (GST):
This tax aims to consolidate all taxes levied on goods and services by both central and state
governments. Tax rate of 15%-20% can be expected, based on comparison with economies of
comparable size.
4. General Anti-Avoidance Rules (GAAR):
This law should be deferred until a clearer picture is conveyed as it is too broad.
5. Roll back subsidies:
Concentrate on only a few schemes and roll back others. We can expect a roll back in
subsidies this time.
6. Infrastructure:
The budget should stimulate infrastructure development by creating new Infra bonds or
similar financial instruments. Converting existing cities to high tech cities based on GIFT city model
should be a focus.
7. Reduce financial deficit, Improve financial consolidation & Maintain balance between inflation
and exchange rates.
8. If minimum taxable income is increased to 4,00,000 rupees, there will be more money in
circulation .People can buy what they want and government wont lose much as the products will be
taxed .This will stimulate manufacturing also .To make up for the decrease in cash, government
should consider the possibility of fourth high income tax bracket.
9. Improve business environment