Understanding MSP: A Step Towards Needo-Insurance and Needo-Happiness in Viksit Bharat
By Prof. M.M. Goel
Towards needo-insurance for needo-happiness in Viksit Bharat, we must understand MSP as minimum needs; support needs and protect needs within needonomics
Kanpur, March 02 ,2024 – “Towards needo-insurance for needo-happiness in Viksit Bharat, we must understand MSP as minimum needs; support needs and protect needs within needonomics,” believes Former Vice-Chancellor & Propounder Needonomics School of Thought Dr Madan Mohan Goel, superannuated Professor from Kurukshetra University.
He was delivering a special lecture organized by the Faculty of Commerce and Management at Rama University Kanpur today. His topic was “Interim Budget 2024-25: Perceptions of a Needonomist ”. Prof Vaishali Dhingra Dean delivered the welcome address) Prof. Dr. Hariom Sharan (Dean Academics and Planning) and Prof. Dr. Manish Dhingra Dean (Research& Development graced the occasion and presented a citation on the achievements of Prof. M.M. Goel.
On this occasion Dr Prabha Gupta HOD Economics Department, Akbarpur Degree College Akbarpur, Kanpur Dehat recited a poem in honor of the Propounder Needonomics School of Thought.
The proposals in Interim Budget 2024-25 of the size of Rs 47, 65,768 crore were necessary for the vision of Viksit Bharat towards 2047 but not sufficient for employment opportunities, told former VC Dr Goel.
To enhance the non-tax revenue, we must link user charges of public utilities with the prevailing inflation rate as the government has to pay additional dearness allowance to its employees, said Prof. Goel.
For creating more employment opportunities Prof. Goel said that the employment multiplier is highest in tourism which stands strengthened by encouraging states by availing long-term interest-free loans provisioned in the budget.
He advocated Khadi & Village Industries Commission (KVIC) and Life Insurance Corporation (LIC) of India be converted into multinational corporations (MNCs) to stimulate job creation, aligning with the export of manpower as per WTO directives.
Needonomist Goel stressed the importance of strengthening the seven priorities outlined in 2023-24, likening them to the guiding principles of the ‘Saptarishi’ leading us through the transformative period of Amrit Kaal.
In crafting a new narrative for Viksit Bharat, Dr Goel urged for boldness, courage, and enthusiasm among citizens to embody the qualities of being street SMART (Simple, Moral, Action-oriented, Responsive, and Transparent) global citizens.
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