Budget 2015: 8 Challenges FM Jaitley Ought To Face

Fiscal Consolidation:

Evil factor of this decade is this fiscal consolidation. How do we raise money without actually printing more money? Solution to this calls for a care. Just let the deficit bloat? NO, then there will be an increasing risk of inflation all over again.

We must understand that consolidating fiscal deficit is what establishes the credibility of any government. A positive foreign sentiment contains the inflation and that in turn helps to cut rates further. Deducting the subsidies is not a bad option to go on the consolidation track.

Boost Financial Savings:

As investment is the crucial and greatest challenge in 2015 containing all the measures must be taken in ways that can boost the investments. Jan Dhan Yojana is a step in that direction and more incentive schemes can be further added for the same. This again has the risk of corruption.

Savings can lead to investments, yes, but the corruption within the system will lead to a broken financial system. Therefore this must be tackled carefully and financial savings must be made productive.

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