What are the three things you wish for from the Budget?
Fiscal concessions for power projects may be given uniformly to all power projects or withdrawn altogether.
Pass-through status for venture capital funds for moneys going to power projects may be restored. Distributed power generation and supply, as also establishment of small- and medium-size industries in the semi-urban and rural areas, may be incentivized for local employment generation.
If you could end one thing, what would that be?
Tantra N. Thakur is chairman, PTC India Ltd
Subsidy on petroleum products, which will de-burden the Indian petroleum industry and simultaneously reduce consumption because of high market price of the products.
If you were finance minister, what would be the one thing outside your industry you would want in the Budget?
Development of a world-class financial centre with state-of-the-art facilities.
What is the one thing you don’t want changed?
The trend of widening tax base and reducing tax rates should continue; but tobacco products should be taxed much more to reduce its consumption and save millions of people from the associated health hazards.
Which budget disappointed you the most? Why?
The budget of 1996 because of utopian promises which one knew would not be possible to materialize.
One proposal you think is shot down in every budget, but shouldn’t be.
What would you consider to be inclusive growth?
Inclusive growth, financial inclusion will be achieved if every Indian contributes to creation of wealth, which would obviously get distributed or add to growth of further wealth for distribution. It would be useful for this purpose to make low-cost finance available on a much larger scale to the lower strata of the society (microfinancing). Attempt to distribute existing wealth without everybody contributing to creating more wealth will be futile.
Tantra N. Thakur is chairman, PTC India Ltd.
By Utpal Bhaskar