Govt takes Budget Direction from Citizens

We are pleased to share with you that as outlined by you via the LocalCircles Budget Poll, the Government has made Infrastructure Spend a key component of Budget 2016-17 with a total outlay of INR 221, 246 Crores.

Also the top two areas of spending have been outlines as Roads/Highways and Irrigation as outlined by you. Attached is the ask versus commitment.

We will soon share another update on the tax reforms front after reviewing detailed documents.

Thanks again for being a part of this exercise! more  

IMG_1120___20160229012912___.JPG
IMG_1118___20160229012924___.JPG
IMG_1117___20160229012933___.JPG
View all 66 comments Below 66 comments
..................................... Venkatesan would like to stay in touch on LinkedIn. Venkatesan G ceo at Mould laserw elding Chennai Area, India View profile https://www.linkedin.com/comm/in/venkatesan-g-612b5b30?trk=eml-guest-invite-pprofile-link-cta&trkEmail=eml-invite_guest-null-418-null-null-%7Esgkjlx%7Eji5kaclq%7Eqw-null-neptune%2Fprofile%7Evanity%2Eview&lipi=urn%3Ali%3Apage%3Aemail_invite_guest%3BpgtBBG66QH2PTKTnBCAUlQ%3D%3D Confirm that you know Venkatesan https://www.linkedin.com/comm/start/accept-invitation?sharedKey=p3gWIhAC&invitationId=6410731943276605476&trk=eml-guest-invite-cta&trkEmail=eml-invite_guest-null-416-null-null-%7Esgkjlx%7Eji5kaclq%7Eqw-ssuw-start%7Esignup%7Ewarm&lipi=urn%3Ali%3Apage%3Aemail_invite_guest%3BpgtBBG66QH2PTKTnBCAUlQ%3D%3D ..................................... Unsubscribe: https://www.linkedin.com/e/v2?e=-sgkjlx-ji5kaclq-qw&t=lun&midToken=AQFmrFVhGEd36Q&ek=invite_guest&li=426&m=unsub&ts=unsub&loid=AQGo5JeAMzT2TwAAAWPeOZZ_IDiP8M6J6PN5CQupnXODqMa_F15y8b1bwRuKuHMOtX_nTuGhQ6e2HvE21RkwUvz87TBZ65lUSdJBySTVy9N1bgyKXz4YcLgGBKzkM_iPuC-P2AQeGy0AVQzKJz1Orawm2u_9msQIGJL9&eid=-sgkjlx-ji5kaclq-qw Help: https://www.linkedin.com/e/v2?e=-sgkjlx-ji5kaclq-qw&lipi=urn%3Ali%3Apage%3Aemail_invite_guest%3BpgtBBG66QH2PTKTnBCAUlQ%3D%3D&a=customerServiceUrl&ek=invite_guest&li=425&m=footer&ts=help&articleId=67 You are receiving Invitation emails. LinkedIn will use your email address to make suggestions to our members in features like People You May Know. This email was sent to www.send_newpost++iytrlkbbbbmqgx++trtrqstrbbbb@localcirclesmail.com. © 2018 LinkedIn Ireland Unlimited Company, Wilton Plaza, Wilton Place, Dublin 2. LinkedIn is a registered business name of LinkedIn Ireland Unlimited Company. LinkedIn and the LinkedIn logo are registered trademarks of LinkedIn. more  
There is no question regarding the working of the government : People are sincere, effective, corruption free and no unnecessary talking largely. But certain things are not good to look at. There are given for example. : 1. Platform tickets in Railway station 2. Cancellation charges of Railway. 3. Price of Petrol and Diesel. 4. Insurance charges ... The point is : it is not enough to be good. It is necessary to be looking good also. Hope the PM will have a look more  
Government should find ways and means to tax the Public - on spending - because when taxing on income /revenue comes a majority people is left out; because they are earning in unorganized ways;(only salaried classes is coming into this); mainly by way of cash transactions either legal money or illegal money i.e. second account. But if we start taxing on expenses all money spent will be coming into the taxable circles; every expenditure thru debit card or credit card or cash should be levied with a certain percentage of tax; to start with a lower percentage may be adopted; so that we can drive the people into accounting of their expenses in whatever way they incur; for whatever purpose; more  
Present Govt is sensitive and they have decided to roll back on taxing of EPF, PPF. Good step taken by PM in right direction. more  
Increasing standard deduction from 2.5 lacs to 2.7 lacs would mean a saving of only Rs. 6,000.00 per annum at the highest tax slab. Only about 3% Indians pay income tax. To make it wider, expenditure need to be taxed. Up the standard deduction to 5 lacs, reduce tax rates by 5% and add 5% VAT on non- food items. Remove cess and increase service tax to 15%. This way, one would be forced to pay tax when using undeclared money. This class is not paying income tax on undeclared money but would be forced to pay indirect tax. To nullify the impact of indirect taxes, minimum wages will need to be re- examined and compliance ensured. Honest income tax payer will not mind paying these increased indirect taxes as his direct tax liability has come down and he is paying indirect taxes on fraction of his income. Tax on value addition on long term Savings & Investments should be capped at 10% and 0% for infrastructure bonds. more  
Post a Comment

Related Posts

    • Food Adulteration Law - Follow Rajasthan

      The Rajasthan Assembly on Saturday passed four bills including the Criminal Laws (Rajasthan Amendment) Bill-2021 by voice which has provisions for imprisonment up to seven years for adulteration of...

      By Shweta Kotharii
      /
    • VIP Culture of Nitin Gadkari Road Mantri

      In indore. If this is the number of cars that must travel with these ministers I demand a govt without such ministers. This is peak VIP culture. LocalCircles please escalate this t...

      By Ankita Jain
      /
    • Way Forward on Cryptocurrencies

      I see a poll has been put on cryptocurrencies so I am sharing this information. Indian investors are flocking to cryptocurrencies like never before and the trend could be a dangerous on...

      By Shikha Mantri
      /
    • Bringing Petrol and Diesel under GST - Act Now

      Thanks to all members who have been participating in the surveys over the last 3 years on bringing petrol and diesel under GST to give relief to common citizens. Here is the link to the latest repo...

      By LocalCircles Manager
      /
    • Cleaning and Disinfection industry and chemicals - beware

      A lot of cleaning and disinfectant companies have profiteered during the pandemic from the fear amongst people. LocalCircles are generally ahead of the masses and is first signal to Gov...

      By Amit Mishra
      /
    • 4th dose on the cards - do we have it right

      Israel is planning for FOURTH doses of COVID vaccines which is ridiculous If you're aiming to eliminate all breakthrough infections, you'll keep reboosting and reboosting and reboosting....

      By Nikita Goyal
      /
    • Tax paying Citizens paying for IT glitches

      The finmin has extended the tax filing to Dec 31st. But, does this help the tax payers. NO . Instead, it penalises them. The IT portal glitches are far from being resolved. Until the issues are res...

      By Padmanabhan G
      /
    • Minimising COVID risk in schools

      Many of you as parents and grandparents participated in the safe school reopening survey in the circle. Below is the reporrt:

      By LocalCircles Manager
      /
    • 7 days to verity and update PAN online by SBI???

      Can India be transformed with such banks which take 7 days to verify a PAN online for a Savings account? Especially when there are linkages all over the place - aadhaar linked to pan, passport link...

      By Padmanabhan G
      /
    • Increasing Social Interactions and risk of Covid 3rd wave

      Thanks to all members who participated in the survey on social interactions they are likely to have in the coming months. Below is the link to the survey report which has been covered by 20+ public...

      By LocalCircles Manager
      /
    • Income Tax deadline extended

      Congrats all. With us highlighting all the issues the Govt has extended income tax deadline to Dec 31st. Thanks Vishal Khanna Amit Mishra Sudesh Rai and many other members in the circle for constan...

      By Amod Agarwal
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)