THE COSTS OF LOGISTICS SHOULD BE MANAGED. THE VENDOR RELATIONSHIP SHOULD BE CORDIAL. HIGH CREDIT WORTHYNESS SHOULD BE MAINTAINED. PAYMENTS WHERE EVER REQUIRED SHOULD BE PROMPT.THE PSUS SHOULD MAINTAIN THE BEST USER FRIENDLY RELATIONS WITH THE BANKERS. ALL THESE HAVE POSITIVE IMPACT ON REDUCTION OF COSTS.

THE SERVICE SECTORS LIKE PSU AIRLINES HAVE TO ASSESS THE BUDGETS OF PAST FEW YEARS, WITH CERTAIN ESCALATION TO MEET THE PRESENT AND FUTURE REQUIREMENTS. THE PSUS HAVE TO FOCUS ON REVENUE GENERATION ASPECTS.

SHORT,MEDIUM/LONG RANGE PLANS ARE REQUIRED. THE SERVICE ORGANISATIONS LIKE PSUS FIRST ASSESS ITS PRESENT FINANCIAL POSITION, ALL POSSIBLE OVERHEADS SHOULD BE CUT, AND STRATEGIC PLANS SHOULD BE EVOLVED TO INCREASE THE REVENUE.

Similarly, the window shutters in passenger trains should be sliding instead of present up/down type window shutters. Because of the present type of window shutters many people get injured daily by sudden fall of shutter

THE STATE GOVT., MAY PROVIDE DOOR TO DOOR DISTRIBUTION OF RATION CARDS BASING UPON THE AADHAR CARDS. THIS REDUCES HUGE EXPENDITURE IN CONDUCTING SURVEYS/ PUBLIC ALSO FACING SO MANY DIFFICULTIES. THE AADHAR CARD ISSUE FACILITIES SHOULD BE SET UP AT SOME CONVENIENT PLACES ON PERMANENT BASIS. THIS FACILITATES PUBLIC.

Railway department should install debit card and credit card machine at various stations so that people can swap debit and credit cards while booking long journey tickets. This will help railway department also as movement of hard cash will reduce substantially.

Using latest computer technology to check Property Transections and record may help to get more cash. you will find that actual price of the property is much more than sale deed price.To keep check on this will also help to stop black money use.

Introduce tax on manufacture level so that all states will try to improve their state to be self sufficient.

As our financial industry continues to develop and our capital markets continue to deepen and widen, I hope more insurance, more NBFCs and our domestic credit card and credit rating agencies develop and expand abroad as well so that the credit perception is better balanced. Thank you for reading.

and I hope the GST will hit luxury and normal goods harder (especially alcohol and tobacco) than inferior/necessary goods and use it as an opportunity to remove taxes that create more avoidance and add taxes that further encourage saving and investment. I'm glad that we're inherently bigger savers than most but with credit cards on the rise, I hope that doesn't change for households? For Corporations, mandating more online transactions or check use maybe a way to reduce off book transactions?