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Suggestions Invited for Union Budget 2017

Start Date :

Nov 25, 2016

Last Date :

Jan 20, 2017

23:45 PM IST (GMT +5.30 Hrs)

Submission Closed

To encourage JAN BHAGIDARI and to make the procedure of budget formation transparent, the Union Ministry of Finance has decided to invite suggestions for Union Budget 2017-18. As ...

To encourage JAN BHAGIDARI and to make the procedure of budget formation transparent, the Union Ministry of Finance has decided to invite suggestions for Union Budget 2017-18. As you may recall, this has been a regular feature on MyGov for the last two years.

Citizen from all walks of life are welcome to be a part of the budget making process. You can submit your suggestions either directly in the comments box or attach a PDF document.

Last year we had an overwhelming response with over 40,000+ suggestions for Union/ Railway budget. Several of the suggestions received on MyGov were incorporated in the last year’s budget. To know more about these, click here.

We seek your valuable ideas to continue the tradition of the Union Budget incorporating the citizens’ aspirations. The last date for submissions on this forum is 20th January, 2017.

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Showing 10178 Submission(s)

charu sharma 9 years 5 months ago

Interest on EDUCATION LOAN must be waived off, interest rate of education loan is very higher than other loan like personal loan, vehicle loan. Because of higher interest my education loan become triple in 2 years during study, how can a student repay the installments while income is very low and expenses of metro cities are very high. Because IT jobs r only available in rare cities. I am unable to repay installments... Please close all older education loans.

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O P RAGHAV 9 years 5 months ago

Honourable Sir, Senior citizens do not have any income source after retirement except their lifelong saving through PF.Kindly do not tax the PF interest and increase FD interest rate to 10%for 5year deposit. . 50% concession on all class of travel either by rail/Road or Air .Retirement age should be increased to 65%. there is marked improvement in life expectancy. . Capital gain tax should be abolished

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BEZAWADAVEERAVENKATASIVA SATYANARAYANA 9 years 5 months ago

I would like to suggest to cut down home loan interest rates from existing rate to boost up the real estate sector which is presently facing downfall.

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Sachin 9 years 5 months ago

There should not be discrimination on the basis of income. No slab system for tax payer. Constitution of India article 14 is reproduced as under: "Right to Equality : The State shall not deny to any person equality before the law or the equal protection of the laws within the territory of India." person earning 1 rupee and person earning in lacks per day should be charged equal. Reasonable restrictions are for living person and legal person. Every person should contribute for country.

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REMA SHIVRAMNAIK 9 years 5 months ago

As a concerned parent, I would like to request you to bring down the interest rate on education loan which is at present higher than the motor vehicle loans etc. It was a welcoming decision in the last railway budget to have plantation of fruit bearing trees on barren land along the rail track. Kindly have the check on its implementation,since it has long lasting impact on the eco-system apart from the revenue.

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jaishahdadpuri AssistantDirector 9 years 5 months ago

H'bl Sir, I wish to submit that income tax must b made more realistic , post demonetisation scenario. possibly it shud b upto 4-5 lakh.....nil 5-10 lakh .... 10% 10-15 lakh ....15% 15-20 lakh ....20% more than 20 lakh.... 30% all tax rates shud b rationalised so as to motivate max. people to adhere. tax rates shud b kept at min to bring all into the tax net so as to maximise tax collection but at the same time common man shudnt feel the burden. urs faithfully jai s

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Shreyans Shah 9 years 5 months ago

cont..apart from diversifying from just stock market into greater economy with good oversight on these MF funds so public dont lose money. Its a win win for both public-banks-MF-promoter-government as these projects will give money to government as taxes.

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Shreyans Shah 9 years 5 months ago

cont..thus it may end up like this a promoter with limited or small equity comes to banks with power/infra or defence or other project with viable repayment option. Banks look at it then form consortium for equity and debt for same. It will allow this guy who want to do something get equity and debt both and equity and debt players can have their nominee on board of directors. Allowing mutual funds to invest in these projects will also make good sence in increasing their return on investmnt.cont

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Avinash Kumar 9 years 5 months ago

I would propose govt. to announce tax break for parents adopting children - till the child attains the age of majority, i.e. 18 yrs. India has 6 Cr. kids in need of a home, and over 3 Cr. couples affected by infertility - but fewer than 4000 legal adoptions. There are thousands of illegal adoption resulting in child labor, child trafficking and child marriage. Only a disruptive incentive, too tempting to ignore, can vanquish the disruptive ecosystem of illegal adoptions harming our children.

mygov_148482251184749.pdf

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Shreyans Shah 9 years 5 months ago

cont...why not ask banks to set up such VC/PE funds or let Mutual Funds invest in projects like VC/PE one whom banks want to give debt and trust. As it will solve equity and debt issue and you can also add equity on repayable basis for all type of projects as currently MF give bullshit returns. It will also diversify their holdings. Third it will allow small entrepreneurs with small equity graduate to large players. Thus diversifying stranglehold of big corporates on government...cont

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