Business Environment, 4th Edition by Pearson

116 | Chapter 4

Checking Black Money

The fiscal policy of the country should try to check the problem of black money.

In this direction, schemes like VDIs should be repeated and tax rates should be

reduced. Corruption and political interference should be abolished. Smuggling and

other nefarious activities should be checked.

Raising the Profitability of PSUs

The government should try to restructure its policy on public sector enterprises, so

that its eciency and rate of return on capital invested can be raised eectively. PSUs

should be managed in a rational manner with least government interference and in

commercial lines. Accordingly, the policy ...