Must do to improve Punjab's fiscal health

• Centre should announce a special "investment deficiency package" of Rs 55,000 crore
• Punjab should raise the tax-SDP ratio to 12 per cent from the existing 7 per cent
• It should rationalise subsidies, especially in power sector
• The Planning Board should be revamped and the system of transferring resources from the state to institutions, such as Panchayati Raj institutions, decentralised
• Farmers should be freed from commission (arhtiya) system
• A moratorium should be placed on payment of debt by all categories of farmers and labourers to private money-lenders
• Subsidies should be given to entrepreneurs willing to set up agro-processing/manufacturing units in rural
• Crop diversification should ne be given a push
• Funding for the education sector should be increased to 6%