jalebi_bhai Posted February 25, 2015 Posted February 25, 2015 And out of that 18 LaKh figure there were only 4 lakh people in India falling in the > 20 Lakh taxable income category. The data is from the Parliamentary Standing committee report on Direct Tax Code 2010, tabled in Lok Sabha in 2012 . It was headed by Yashwant Sinha. Excerpts from that report were published in some business newspapers. Tax-GDP ratio and the tax payer base in India is one of the lowest in the world. Unless Agricultural income is taxed the tax payer base will not improve , but no political party has the courage to take that step. I'd rather have IT abolished completely than have agricultural income taxed.
Khalpat Posted February 25, 2015 Posted February 25, 2015 This really is below the belt opinion by Suhail Seth on NDTV: :haha: Bangkok is a haven for bachelors. Especially those who have nothing. So when someone told me Rahul has gone to Bangkok, I was not surprised. Bangkok is the city of Happy Endings too, and here please don't take assume sexual innuendos. It is a city where you can buy anything. Without being someone. There is no accountability, no piercing questions of a parliamentary nature, and what's more, no prying eyes. Bangkok gives you the anonymity that a TV studio in India will never give you. Also Bangkok is a pilgrimage for both food and requisitioned love and let's hope Rahul gets enough of both. Then there is the issue of Uttarakhand and Rahul being alone in some tent or that's what the papers tell us courtesy some lad called Jagdish Sharma. But then this is where the comedy of errors begins. Why on earth would someone make a case for leave of absence in a country like India, and that too during the Budget Session? Why on earth would that individual come across as a nervous school-boy who is hell-bent on missing the first day at school because he knows not what to expect? What kind of leader leaves his flock to fend for themselves just as they've emerged from a traumatic period (read Delhi elections). Why would a young man like Rahul Gandhi, who shows unsolicited aggression at the worst of times, behave like Arvind Kejriwal once did? Scoot to avoid the heat. I have never understood Rahul Gandhi. And I am not alone. He must have enough reasons for his behaviour, but that behaviour is abnormal in the Indian context. On the one hand you have a Prime Minister who is in-your-face on a daily basis, and wears more than just his own name on his sleeves, and on the other, you have Rahul Gandhi, who is happy just folding his sleeves. It is almost as if you have a reluctant sulker running the Congress party with a distressed mother because she doesn't know what to do with her maverick son. Add to that the complete idiocy of the Congress Party and their constant stumbling from one error to another. But then to blame just the party would be a tad unfair. You have a leadership that is astray and that has lost both the will and confidence. This is not a political party anymore. Congress is more like a dishevelled amoeba. And that will not help matters. http://www.ndtv.com/opinion/come-back-rahul-gandhi-all-is-forgiven-742268?utm_source=ndtv&utm_medium=top-stories-widget&utm_campaign=story-6-http%3a%2f%2fwww.ndtv.com%2fopinion%2fcome-back-rahul-gandhi-all-is-forgiven-742268
diga Posted February 26, 2015 Posted February 26, 2015 no new trains announced.. just concentrate on increasing effeciency. Good rail budget according to most
bulbul Posted February 26, 2015 Posted February 26, 2015 It was a disappointing Rail Budget. I was expecting reduction in fares: Pawan Bansal, former Railway Minister :cantstop:
G_B_ Posted February 26, 2015 Posted February 26, 2015 no new trains announced.. just concentrate on increasing effeciency. Good rail budget according to most lets wait for the details but its a good budget. Fiscally responsible.
bulbul Posted February 26, 2015 Posted February 26, 2015 lets wait for the details but its a good budget. Fiscally responsible. As Sursh Prabhu said its not possible to solve things overnight.Investments are not easy without private sector help,but they want more profits.
G_B_ Posted February 26, 2015 Posted February 26, 2015 As Sursh Prabhu said its not possible to solve things overnight.Investments are not easy without private sector help' date='but they want more profits.[/quote'] thats why they are concentrating on freight. Especially in the commodity sector. I do believe he is calling for investment in specialist type of containers etc.
bulbul Posted February 26, 2015 Posted February 26, 2015 thats why they are concentrating on freight. Especially in the commodity sector. I do believe he is calling for investment in specialist type of containers etc. Frieght corridors should be private,like how its in US/OZ etc....Mining companies should own the railroad.
G_B_ Posted February 26, 2015 Posted February 26, 2015 Frieght corridors should be private' date='like how its in US/OZ etc....Mining companies should own the railroad.[/quote'] one step at a time....
bulbul Posted February 26, 2015 Posted February 26, 2015 one step at a time.... Not in this case.Govt can take care of passenger trains while leaving the fright to private sector. These two can be done in parallel, we don't have too much time in hand to improve things.
bulbul Posted February 26, 2015 Posted February 26, 2015 Rajeev Shukla of Congress to ANI: No single announcement about new trains, was expecting reduction in rail fare :cantstop:
Sachin=GOD Posted February 26, 2015 Posted February 26, 2015 Good, sensible budget. No new trains being announced is the best part - every year rail ministers almost compulsorily has to announce new trains while the quality of the existing services kept going down. Rail fares should also have been increased a bit but I guess that will happen next year.
bulbul Posted February 26, 2015 Posted February 26, 2015 Good, sensible budget. No new trains being announced is the best part - every year rail ministers almost compulsorily has to announce new trains while the quality of the existing services kept going down. Rail fares should also have been increased a bit but I guess that will happen next year. Already increased once after Modi govt came. Ideally it should decrease due to fall in Diesel price,but power tariff's gone up to cancel the Diesel advantage.
G_B_ Posted February 26, 2015 Posted February 26, 2015 As SG says its a sensible budget. Not groundbreaking in terms of bold reforms. But we have to keep in mind that prabhu has had barely 3-4 months in charge. Potentially we made see major reforms in his next one. One thing has become clear, modi wants the railways and air India to be profitable and not a drag of the Indian taxpayer. This Prabhu budget will go a long way to ensuring long term sustained profitability. Wise move to not reduce fares. If they were reduced and then hiked up again the opposition would have created a rukus. So best they be kept at this level.
Clarke Posted February 26, 2015 Posted February 26, 2015 4 month advance booking for packed bailgaadi :wall:
bulbul Posted February 26, 2015 Posted February 26, 2015 Freight rates are increased to few commodities like Steel,Coal,Cement etc.
amiret Posted February 26, 2015 Posted February 26, 2015 One thing has become clear, modi wants the railways and air India to be profitable and not a drag of the Indian taxpayer. This Prabhu budget will go a long way to ensuring long term sustained profitability. . I am sure he wants AI and Railways to be profitable but don't think he cares much about the Taxpayer. If he did he would Not have extended UPA era export SUBSIDIES to the Sugar industry and interest free loans for them , within the first few weeks of forming the Govt . What about Andhra's 50,000 crore farm loan waiver ? Who will pay for it ? This was reported yesterday in the Hindu . Finance Minister Arun Jaitley’s announcement in the Parliament that the Central government would extend financial assistance of approximately Rs. 22,115 crore for bridging the fiscal deficit in Andhra Pradesh in the current five-year plan period. How convenient ! First announce a 50 K CRORE farm loan waiver and then get the Center to bridge the state Fiscal deficit ! Imagine if the delhi Govt did the same , what would be the reaction in the media ? What if every state in India decides to waive Rs.50,000 crores in Loans ?
G_B_ Posted February 26, 2015 Posted February 26, 2015 I am sure he wants AI and Railways to be profitable but don't think he cares much about the Taxpayer. If he did he would Not have extended UPA era export SUBSIDIES to the Sugar industry and interest free loans for them , within the first few weeks of forming the Govt . What about Andhra's 50,000 crore farm loan waiver ? Who will pay for it ? This was reported yesterday in the Hindu . . How convenient ! First announce a 50 K CRORE farm loan waiver and then get the Center to bridge the state Fiscal deficit ! Imagine if the delhi Govt did the same , what would be the reaction in the media ? What if every state in India decides to waive Rs.50,000 crores in Loans ? and how is this related to Modi not wanting Air India and Indian railways being loss making entities? To answer your question, the nature of subsidies is that they can be withdrawn at any particular time. If AI or Indian Railways make a loss the gov in 99% of the cases government has to step in. I personally not am against strategic subsidies or incentives.Provided they yield economic gains in the long term.
Precambrian Posted February 26, 2015 Author Posted February 26, 2015 I am sure he wants AI and Railways to be profitable but don't think he cares much about the Taxpayer. If he did he would Not have extended UPA era export SUBSIDIES to the Sugar industry and interest free loans for them , within the first few weeks of forming the Govt . What about Andhra's 50,000 crore farm loan waiver ? Who will pay for it ? This was reported yesterday in the Hindu . . How convenient ! First announce a 50 K CRORE farm loan waiver and then get the Center to bridge the state Fiscal deficit ! Imagine if the delhi Govt did the same , what would be the reaction in the media ? What if every state in India decides to waive Rs.50,000 crores in Loans ? The 22000 cr allocation is on account of Telegana-Andhra split primarily. http://www.hindustantimes.com/india-news/andhra-nearly-broke-cm-naidu-seeks-help-from-modi/article1-1309453.aspx Atleast do bit of homework before you spout such nonsensical comparisons.
Kalia_Test Posted February 26, 2015 Posted February 26, 2015 No new train announcements was the best part... Was sick of hearing Mamata harping Duronto trains from Kolkata, Kolkata, Kolkata in previous budgets and then the cribbing about how one state did not get anything, some states are being favored,etc. good riddance of that tamasha
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