Data shows 'revenue foregone' due to tax incentives mostly benefited corporates in 2004-05. Situation improved by 2013-14, but individuals became main beneficiaries only under Modi govt.
The central tax revenues as a share of GDP have fallen. The Covid impact has worsened the situation. Now it’s time to raise rates on under-taxed forms of income and wealth.
Delhi Deputy CM Manish Sisodia, who also holds the finance portfolio in Arvind Kejriwal's cabinet, said Delhi has not been given any share in central taxes since 2001.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
COMMENTS