Mr Arun Jaitley do not become another Chidambaram in taking ride on the general public by raising the tax burden

Times of India editorial today has slammed Arun Jaitley for his regressive fiscal policy which is Characterised by higher tax rates, removal of tax exemptions and the new tax soon to be introduced – the  additional cess for the project Swachh Bharat .If annual budgetary allocations meant for carrying out public welfare functions do not go there and get frittered away as sops to vested interest  then it becomes the classic case of maximum govt and  minimum governance.

 The editorial says further that the cess culture now covers a wide range of activities from salt to cine workers. Collections via cess amounted to more than Rs 1 trillion, some 13.14% of gross tax revenue in 2013-2014.It makes a  pertinent observation that the proposed surcharge is not be shared with the states which is against the spirit of cooperative federalism.CAG has also  pointed out that there is inadequate transparency and incomplete reporting in govt accounts of the manner in which the money is spent “ the TOI argues.

While the govt always put pressure on RBI to lower the rate of interest to stimulate demand the govt does the opposite by raising the tax which will lower the demand.Mr Arun Jaitley  has  become another chidambaram in taking a ride on the public by raisig the tax burden.Kindly remember the Indians are saving more and saving this country.Stable tax regime is only for foreigners and not for Indians.Will Modi the PM of non resident Indians also bother the plight of domestic Indians?

Failure to check the price of pulses in the recent times and the intimidating style of those elements causing havoc in higher education will prove to be costly in future. typical butterfly chaos theory will come into play