Reacting to Finance Minister P Chidambaram's Budget proposals on Monday, Tarun Das, ex-President, Confederation of Indian Industry, said:

"The key is implementation. The prime minister should set up a team of three officials whose only job should be to monitor implementation of the various projects that are underway or have been promised.

"We need to know what has happened, where the funds have been diverted, and find a way to manage these programmes. The implementation should not be left to individual ministries; what we need is a commando approach to track each and every scheme, day by day. This is difficult in today's day and age when such tracking can be done over computer.

"We welcome the government's plan to push up public-private partnerships. Believe me, we will see the results by next year. The tax cuts are also welcome. Such cuts will stimulate demand and push up growth.

"But I am assuming that if even after the tax cuts, the government's revenue is not affected it is because more people will be in the tax bracket. That too is welcome: we need more people to pay taxes.