VENU SRINIVASAN asks for a Green Revolution for better agri prices

These are the areas I feel the Union Budget needs to address: 1) Fiscal consolidation of the economy .

2) Reforming the administrative price mechanism of petroleum products and fertilisers to prune subsidies.

3) The introduction of GST.

4) Increased spending on infrastructure through the development of ports and roads.

5) The government should signal easing of monetary policy as any tightening of money supply would stifle economic growth. This will affect the growth of revenue and reduce the room available for the government to undertake programmes for greater social justice.

6) Although this is not a part of the budget, the government should announce the new Green Revolution which would substantially improve agricultural productivity . This would ensure sufficient supply of agricultural products to contain the prices.

7) Retail in food products should be encouraged in order to improve logistics. This will give a great fillip to create supply chains for agricultural products.

(The writer is the chairman and managing director of TVS Motors)