Our Indian economy was already faltering over the last few years and now with the COVID-19 pandemic we have landed in a bigger financial upheaval. To now revive the economy the Government would have to take stringent austerity measures.
Tough and bold decisions must be taken. All salaries right from the President of India must be taxed as per the slabs of all. Those serving only for a five year term as MP or MLA should not be entitled to any pension. The free air flights should be only for MPs travelling on official business and not their entire families. Giving free furnished bungalows to retiring President of India and other VVIPs must stop. Even the developed countries do not provide such luxuries.
Financial discipline and monetary accountability is a must if India is to move on. Rationalization in government spending, strong and sincere austerity measures need to be taken with criminal waste of public funds on superfluous expenditure strictly prohibited and stamped out. It also requires targeted investment to kick start a failing economy with full transparency and accountability to benefit the many and not just the few.
Fiscal accountability, responsibility and strong honest transparent leadership must be an ongoing sustained process to achieve success. Now more than ever, it is the bounden and lawful responsibility of the authorities to work towards restoring our country on the road to economic prosperity. Failure to exercise wisdom and prudence at this our greatest hour of need will only lead to greater disasters.
Aires Rodrigues
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