What shall the Finance Minster do.? 1. Raise the excise duty on cigarettes, Cigars, Pan Parag, tobacco products by 25% benefits – Higher Indirect tax revenue and reduce smoking habit atleast among the middle and lower class people and their medical expenses. 2. Raise the export duty on ram materials like Iron ore plastic and cotton, make available enough raw materials to the indigenous industry. Also prevent dumping of substandard products by 3. Raise Income tax on higher income groups to reduce fiscal deficit . 4. Initiate legislative and other action to bring the black money hoarded by Indians in Tax heaven countries. This will reduce external debts. Personal Profile: Name : R. VASUDEVAN Age : 75 yrs Educational Qualification : MA (Economics), B.L. Regular reader B.L. particularly SUNDAY issue Very much interested in helping poor. |
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