Shashi Tharoor Firing Rubber Bullets In Parliament Debates

Ravinder Singh

To chauthidunia@gmail.comindiaagainstcorruption.2010@gmail.comchandru_14521@yahoo.com and 360 More...

 Jul 16 at 8:38 PM

Shashi Tharoor Firing Rubber Bullets In Parliament Debates
July16, 2014

At 44 Seats in Lok Sabha it is time for INC to Re-Invent itself forget
the past that is no longer going to help it in present situation and
adopt new Honest Progressive Agenda what I call ‘Sabka Bharat Mission
2019’.

Merely comparing Budgets or picking Invisible Holes in the Budget 2014
but ignoring Craters will not benefit INC and India – INC has to
Expose CRATERS in its own economic policies that are largely retained
in Budget 2014.

Biggest Craters were –

1.  Crashing R&D – Bogus Inventor failed INC since 1985.

2.  Fake Einstein Jairam Ramesh let INC down in everything – Didn’t
strengthen Patent Office, Stalled Hydro Power, Solar Power, Coal,
Mines, Infra and Biotechnology but promoted most Lunatic RWH, Ponds,
PURA.

3.  Failed to implement SEBI order to maintain at least 25% equity in
Corporate. Indians don’t have Equity in Public Funded Companies and
thus also were denied share in Natural Resources.

4.  Even as Wealth of Corporate India exceed $2000b but contributed
not even $150m or Rs.950 crores. Mukesh Ambani worth $25b @1%-2% ought
to contribute $250m to $500m as Wealth Tax – Corporate wealth Tax $20b
to $40b as Wealth Tax.

Corporate worth $2000b Market Cap drawing 50% of Public Funded Bank
Loans, these days, contribute just 4% of GDP as Corporate Tax. At
$200b India collects just $160 per capita as all central taxes and
Center and State taxes together are just 16% of GDP presently or $210
per capita.

India collecting just $70b as corporate tax, nearly ZERO Wealth Tax.

5.  GDP of India expanded from Rs.2.5m Crores to Rs.11.2m cr or 350%
but MSP to farmers was up 100% in ten years.

6.  BJP stalled FDI, Nuclear Power, Telecom, Power sectors etc.

7.  INC completely failed to CHECK middlemen sucking away 50%+
Consumer Prices as Undeclared Profits.

Ravinder Singh, National General Secretary.
Sabka Bharat Mission 2019
Y-77, Hauz Khas, New Delhi -110016
Ph: 9650421857, 9718280435
Sabkabharatmission2019@gmail.com

http://indiabudget.nic.in/ub2013-14/rec/tr.pdf
1. Corporation Tax: This is a tax levied on the income of Companies
under the Income-tax Act, 1961. Revised Estimate of Corporation Tax
for 2012-2013 is Rs. 358874 crore as against Budget Estimate of
Rs.373227 crore. Budget Estimate for 2013-2014 is Rs.4,19,520 crore
2. Taxes on Income: This is a tax on the income of individuals, firms
etc. other than Companies, under the Income-tax Act, 1961. This head
also includes other taxes, mainly the Securities Transaction Tax,
which is levied on transaction in listed securities undertaken on
stock exchanges and in units of mutual funds. Revised Estimate of
Taxes on Income for 2012-2013 is Rs. 206095 crore as aginast the
Budget Estimate of Rs.195786 crore. Budget Estimate for 2013-14 is
Rs.2,47,639 crore
3. Wealth Tax: This is a tax levied on the specified assets of certain
persons including individuals and companies, under the Wealth-tax Act,
1957. Revised Estimate of Wealth Tax for 2012-2013 is Rs. 866 crore as
against Budget Estimate of Rs.1244 crore. Budget Estimate for
2013-2014 is Rs.950 crore...
4. Customs: Revised Estimate of Customs Duties for 2012-2013 is
Rs.164853 crore as against the Budget Estimate of Rs.1,86,694 crore.
Budget Estimate for 2013-2014 is Rs.1,87,308 crore.
5. Union Excise Duty: Revised Estimate of Union Excise Duties for
2012-13 is Rs. 171996.09 crore as against the Budget Estimate of
Rs.194350.34 crore. Budget Estimate for 2013-2014 is Rs.1,97,553.95
crore.
6. Service Tax: Revised Estimate of Service Tax for 2012-13 is
Rs.132697 crore as against the Budget Estimate of Rs.124000 crore.
Budget Estimate for 2013-2014 is Rs.1,80,141 crore.

= Rs. 12,35,870 crores