Quoting from a news-report ( HT / 02 Feb 2016 ) :
At a recent World Economic Forum summit in Davos, Shri
Arun Jaitley had said , India needs some additional growth engines , indicating
that the focus would shift to reviving PRIVATE investments
Senior Govt officials said," The incentives could
be in the nature of TAX CONCESSIONS "
DIPP Secretary , Amitabh Kant added , " For the Indian economy to continue to
grow, it has to be on the back of DOMESTIC PRIVATE SECTOR investments ..... for a continuous robust growth
, investments from the PRIVATE SECTOR ,
have to be ramped up "
Let us not keep fooling ourselves !
Prey ! From where do the so called PUBLIC SECTOR
investments come from ?
It is PRIVATE MONEY
! Just re-routed by governments ,
using yours and mine tax money !
That is, whatever gets left ( of that tax money ) after
expenses of running the government
Apart from that ,
* Re-routing tax
money through PUBLIC SECTOR investments, is a very slow / cumbersome process
* Persons who
manage those investments are rarely made " accountable " for profits
/ dividends
* Since
tax-payers do not get immediate benefits from such re-routing , it gives rise
to tax evasions
* Tax evasions
lead to generation of BLACK MONEY and CORRUPTION
And no political party would advocate " raising of
taxes " so that , on 29 Feb 2016 , Shri Jaitley could allocate
* ONE TRILLION
DOLLARS ( Rs 70 lakh*crore ) each to , Piyush Goyal / Suresh Prabhu / Nitin
Gadkari / Ravi
Shankar
Prasad / Uma Bharati / Venkaiah Naidu / Rajiv Pratap Rudy etc
and
* TEN TRILLION
DOLLARS each to , Manohar Parikar ( Defense ) and Nirmala Sitharaman ( Make in
India )
WHERE CAN WE
FIND THAT GROWTH-ENGINE
?
In my email ( 08 April 2014 ) , I wrote to Shri
Narendra Modi :
* Create
Infrastructure SPVs
* Allow people
to invest in these directly and make " returns ( interests / dividends ) "
, tax free
* Amnesty Scheme
for funds invested in such SPVs ( no questions asked as to the source of funds
invested )
* An " INVERSE TAX " regime for Personal Income Tax ( with decreasing tax-rates for each higher
slab )
Later emails recommended :
* Encourage
CREATION of WEALTH by total abolition of Personal Income Tax
* Decreasing
Corporate Income Tax , linked to number of permanent employees
I hope Shri Jaitleyji does not treat these as POPULIST
measures and keep tinkering with 80ccg /
80dd / 80ddb / 80e / 80g /80gg /80ggc / 80tta
/ 80u / 24b ....etc !
Time now is for embracing TRANSFORMATIONALIST
measures
It is time for the Butterfly to emerge from its cocoon !
It is time for the Butterfly to emerge from its cocoon !
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hemenparekh.in / blogs
03 Feb 2016
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Make
Yourself Heard
Dear Visitor :
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By emailing this suggestion - incorporating your OWN
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