Looks like the garib taxpayer, the governments favorite Bali ka bakra is to be made to bear a part of the burden of avoiding the almost noratna psu oil mktg companies that are loosing about 150 to 200 crores daily from impending bankruptcy. That too in a year of record Inflation, Prise rise , rise in indirect taxes like Service tax @ 12.25% vat at 4 to 16% etc then we have excise duty and maharashtra tax , a mumbaikars in his e/c bill pays more tax than he pays for his electricity, for gods sake he even pays a Reliability cess…
ive detailed the oil mess in an older post mid month musings 2
Swaminomics, a column by SAA has a rather interesting post
Secondly looks like IBN is scared out of its pants after the Yadav and Rajdeeps Karnataka election exit poll fiasco and is allowing a bit of uncensored commenting on its site and i am happy to note people are getting very informed and intelligent and are not taking too kindly to this kind of autocracy by the Govt. Read this post and more interestingly the comments.
Udhatya This is ridiculuos ! The user has to pay for it and not the common salaried class. Why should a calaried employee who commutes to office by cycle pay for all the petrol and diesel consumed by Chidambaram and Murli deora’s vehicles. Media please do something to prevent the continued exploitation of the salaried class.
Newton Rs 95,000/-Crores Fertilizer subsidy, Rs 71,000 Crores Loan Waiver to farmers. Then where will govt have money for fuel. We all thought that the country’s finance is well managed by our Economist PM and Harvard qualified FM. But looks like we are in a mess.
sham sundar How Lame & Dumb Govts funtions, an illustration:
Step 1: Ruin the oil companies by wiping out their cash reserves
Step 2: Do nothing about oil prices for 4 whole years
Step 3: Listen to the Awaful “Reds”
Step 4: Stop forward movement in reforms
Step 5: Kill the nuke deal
Step 6: Loose Karnataka elections & stare at the barrel!!!
Step 7: Hit the tax payers with a cess!!!
Results: We have oil marketing companies weeks away from bankruptcy, when world over they are racking in the moolah!!! A govt months away from being kicked out from office!!! A economy on slowing down!!! Inflation going thru the roof!!!
A sad report card for a Govt supposedly run an economist PM!!! Truth is always a bitter…What else can you expect from a man, who is a PM by mere accident!!! How will he ever understand the pulse of the people as nither is he elected…nor is he a politician…Nor is he a PM!!!
Wake up India….God bless this country!!!!
Searover Ofcourse.. its the salaried class that gets burdened always.
Lets consider following options
1. Increase the fuel price and reduce excise and other taxes to negate any increase to consumers
2. Start taxing farmers who earn more than 10L
3. Start taxing landowners who own more than 100acres of land.
4. Increase the tax/excise of cigarettes and Alcohol by 50%
Wonder why farmers who own mercedes cannot be taxed ?
I wonder if UPA govt is reading anything into Urban vote migration to BJP in karnataka. And if those are any signs to come then this new cess is going to ensure that we have BJP govt next year.
I’m getting tired of these posts and as Suda says , all we can do is talk …