Boosting Consumer Spending via Budget 2020: Inputs Sought

It is clear by now that a consumer spending boost is critical for India to come out of the economic slowdown

One of the ways, the Government can enable this is by providing a personal tax reduction and if any individual spends the extra saving during the year, they get a set deduction on education or tourism/travel in the following year. As LocalCircles takes the top asks from citizens and small businesses to the Finance Minister, we seek your inputs on any creative ideas which will help boost consumer spending and in turn the economy.

We look forward to your inputs!

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View all 74 comments Below 74 comments
1.Reduce prices of food articles including groceries and vegetables,
2.Allow common man to have more money in his purse by removing transaction charges, swiping machine charges, bank transaction charges which make the people very much irritating.
3.Increase the interest rates for Savings in banks and do not view the honest persons doing banking transaction as culprits and haraze them.
4.Stop the online frauds by the companies who do not disclose their products clearly and do not specify the rates of those products.
5. Reduce the personal income tax by making the tax reduction more  
Middlemen, Contractors, Crop Purchase to be Replaced by STC Market Yards Organising Govt Transport and CROP PLANNING more  
Reduce the price of food items which constitute 110% of our income (WHO report) -this means a huge number of people depend on donations, mass feeding areas like Langars etc. more  
Thanks. Further, the irrational and illogical high prices is creating the hoarding capacity of the retail and wholesale trade business to the disadvantage of average middle income groups. more  
Yes, Government can enable Consumer Spending by providing a personal tax reduction more  
1.Remove I.T. upto 5 lakhs and the taxing must on percentage basis as at 3%up to 10 lakhs income, and them 5% from 5 lakhs 1 rupee to 10 lakhs , and 15% for income over and above that.
2.The black money hoarders still having their demonetised notes in the hope of getting them legalised if Congress party comes to power. Moreover, many have converted their black money in 2000/-rupee notes and that is why these notes are not found largely in banks as well as individuals who make legalised transactions. Hence demonetise this ₹2000/-notes or atleast make announcement that GOI have idea of doing so. This will bring back these note to open open sky and general public could have the benefit of seeing it.
3.Corruption officials in all Govt sector, PSU sector, Municipal/Local Body Sector should be suspended first and dismissed if even an iota of doubt is laid on them. If there are any official who were punished with any corruption related cases but now in service, they should be given COMPULSORY RETIREMENT,
4.Inefficient officials over 50 years must be sent home by giving voluntary retirement.
5.Review committee must be formed in Every Department to review VOLUNTARY RETIREMENT CASES, COMPULSORY RETIREMENT CASES AS SAID IN PARA 3 & 4 ABOVE AND REVIEW COMPLETED WITHIN 1 MONTH AND THEIR RETIREMENTS EFFECTED WITHIN 3 MONTHS. more  
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