BANGALORE: Elections are almost on the verge of finishing and soon the new government will replace the older one. However, certain things that the old government brought into action are making sufficient highways, expressways including more ATM machines in every possible area. But, there are things that the old government couldn’t improve like economic growth, increasing consumer inflation, slow growth of industries and largely ban of gold imports. Thus, there is no doubt that the new government has to fix all the damages caused by the old government.

Let’s have a look at the six major things that the new government has to deal with:

1. Oil subsidies bill to hit this year: This year when the finance minister will present the new budget for 2014-15 in June or July, there are chances that the new government will have to pay the price for what the old government left out. Coming towards the subsidies the new government might face a burden of almost one percent of India’s gross domestic product. The subsidies expenditures that could have been paid by the old government in 2013-14, were instead rolled over by the United Progressive Alliance government in order to lower the fiscal deficit. During Budget 2013-14, around 65,000 crore  was provided by the government for subsidising oil marketing companies but only 45,000 crore was to clear the backlog of the previous year, which left OMCs with 20,000 crore of cash subsidy for this year, as reported by Business Standard.