The Young Chronicle: For Grade 3 23rd May, 2015 | Page 7
Page 7
Taxation: Brought company taxation levels to meet global standards, encouraging foreign companies to open their setups in India.
Infrastructure and Development: with the new government kicking in, we
have found more and more infrastructure and development projects have
come underway. Smart cities have been sanctioned, public investment in agriculture and irrigation has increased.
Land Reform Bill: Though the bill has been under the scanner for subjective
reasons, at least the government is taking logical steps to ensure that 90%
of the population doesn’t engage in a sector that doesn’t contribute much to
the Economy of the country anymore. Instead, the government plans to organise and mechanise the agricultural sector to reduce the dependence on
monsoons and man power and yield more per square meter of land. When agriculture becomes less dependant on man power, people will switch to other
kinds of jobs which contribute more to our growing economy. This can happen only if people are equipped with education and skill development, which
the government is looking at improving in any case.
Finance and Rail Budgets: The New budgets seem promising with funds allocated for skill development and education, along with infrastructure development. We are hoping for more progress in the coming year.
Stay Tuned for the next edition of the TYC, to know about the areas where the
Modi government has underperformed.