Nirmala Sitaraman keeping right steps to make India as 3rd biggest economy under Modi leadership and post budget NDA can confidently mention that they are driving skill India initiative

Nirmala Sitaraman keeping right steps to make India as 3rd biggest economy under Modi leadership and post budget NDA can confidently mention that they are driving skill India initiative.

Steps are taken to increase jobs in India by India FM.

Mainly one more step needed is minimize subsidies to companies in India.

At the same time reduce taxes further in India.

Genuine companies looks for less taxes and fake companies and paper companies will look for subsidies.

If possible give loans to genuine companies at an interest rate of 6% per anum whoever paying more than 5 Crores of Taxes (either Direct or Indirect) to India Government in the form of taxes and minimum 50 people were employed . Max loan of of this category can be 25 crores INR.  Thereby banks will also grow. Remaining % of interest can be paid by India Government to banks. Subsidies means should like this. This will not be utilized by fake companies as without execution of any projects 6% interest burden will be there on the fake companies. But genuine companies will utilize options like this and they will work for development of India and NDA desired goal to create more jobs in India. Considering bank loan interest is 10%, in the above scenario 4% burden will be there on Indian Government. If any company uses, 25 Crores loan also, maximum burden on Government of India in the form of Subsidy if 1 Crore INR. Anyways company already paid 5 Crores INR tax in the above scenario. Net Profit through that company to India Government is still 4 Crores INR. Moreover, in the above scenario if that company invests that 25 Crores INR in wise way, again Government of India will get that money back in future year in the form of additional taxes. 

For startups who are paying atleast 5 lakhs taxes to Indian Government. For them Indian Government can provide loan at interest rate of 7%. Again maximum loan from Government in this category should be 40 lakhs. Considering 10% is interest rate from bank, burden on Government is 1.2 lakhs per anum. As they are paying 5 lakhs taxes per anum, paying 1.2 lakhs in this form makes sense. This will boost banking system as well and startups in India as well. Mainly employment will also be created. First of all it will give a signal and feel that Indian Government is supporting startups and not just bother about collecting taxes.

Again interest rate subsidy is applicable only for the years where the Government receives tax from company atleast the amounts mentioned above. It will benefit both Indian Government and Companies.

So the above mentioned step can be considered as one more step India FM can take to make India as global 3rd biggest economy. Overall good budget even very minor issues are there in the budget. Overall good budget w.r.t employment creation and boosting India GDP.

We liked the India FM presented budget overall. 

Modi should make Indian education itself has potential to boost Indian manufacturing sector and service sectors in India when they are out of their graduation colleges. A must fix to reduce unemployment issues in India and to boost India economy.