Hey, Can you see the light at the end of the tunnel. This is the bright future of India. Can the following idea be a way to reach there?????????????
I was fascinated by an article “ONE HUGE SEZ” that was in Times Of India’s editorial page. The article says: “…Instead of the special economic zones (SEZs) which are going to be established in India, let us vote to declare the entire nation of India an SEZ: the biggest of its kind in the whole world. First, instead of special customs exemptions for SEZ clients, let the customs department be unilaterally abolished: free trade. Today, Arunachal and Sikkim are tentatively opening trade along their land borders with China. With unilateral free trade, the twin coastlines of India will explode as economic engines. Landlocked cities like Delhi and Bangalore will decline. The entire nation will be a duty-free shopping area. Every shop, even the paanbidi shop, will be a duty-free shop.
Second, as with SEZs, a 15-year tax holiday should be declared for the whole of India, so that all the people can accumulate capital. The primary task of the government in this huge, capitalistic SEZ called India would be to uphold the law; that is, to go after the crooks, murderers, rapists and other ‘outlaws’, leaving all ‘win-win’ traders free, which includes money changers, ganja dealers, bookies, hookers and, most definitely, bar dancers. This will require a small police force under the civic control of the mayors of each Indian city and town: there will now be thousands of them, competing for citizens. Many ‘little leviathans’ instead of this one, big, ugly one. The government should also fund public highways, urban streets and rural roads throughout the entire length and breadth of this huge SEZ as ‘public goods’: that is, ‘collective property’ that all the people can freely use.”
1. To fund roads, police and defense for 15 years, the duration of the tax holiday, the government should privatize each and every asset it owns, including the Railways. We will have liberty, prosperity, civic order, and ‘public goods’ instead of ‘public sector’ (another ‘special interest’) and politics will be compressed to a vanishing point….”
with this i suggest…
2.Every small or big company will invest 10 per cent of their profit in building the infrastructure of any under developed rural area and 5 percent to government for the reserves so that government can provide subsidies. Due to the tax holiday a lot number of companies will come India to invest. So 15 percent profit of each company will mount up trillion of rupees. And I think 15 percent and free trade in exchange of the taxes and many other policies is really a very good deal.
If you see any loop-hole in this idea and if you can suggest some other ideas as well..please feel free to write here.