The pro-poor UPA govt gave exemption from emission norms to Harley Davidson and allowed their sale in India in return for access to American markets for Indian mangoes.
Patents bill by UPA was so pro-MNC drug companies that even New York Times criticized it as a sell off by Indian govt.
Foreign Investors can use the Participatory notes route to invest in Indian markets without declaring their identity. No such privileges for Indian citizens.
they have made that money, the sky does not belong to indian government and they have the right to spend according to their own choice. why indian gov needs to levy 22% tax on vehicles for personal use?
RE:Why gov needs that money?
by Manoj M on Jul 07, 2008 01:39 PM Permalink
Come on yaar 'poor' people like us pay more %age tax to buy a motorcycle & the industrialists are able to bypass paying the crores so easily. I wish I could show my bike for some charter services & avoid duty.
RE:RE:Why gov needs that money?
by Das on Jul 07, 2008 02:12 PM Permalink
Industrialist does not pay/buy ion their name. They import cars... in Company name and they show its a Comp use. This way they avoid taxes. But end of the day its for their own use. This is the stupid GOVT policy and Corporates takes advantage of that. Ex: Importing a Toyota Camry in Company name is Cheaper than the Buying the same in India.
RE:Why gov needs that money?
by Das on Jul 07, 2008 02:08 PM Permalink
All Big Corporates are Becoming Chor. Either they are Looting Common Man Or Govt. And our Corporate Friendly UPA Govt is favor of this Corporate.
RE:Why gov needs that money?
by riya tagore on Jul 07, 2008 12:32 PM Permalink
by taxing the welthy the money can be used for janta transport such as metro etc etc by going by your argument all imported vehicle people should not pay tax ???
RE:Why gov needs that money?
by atanu on Jul 07, 2008 12:44 PM Permalink
yes, except the environment tax. and out of 22%, how much gov is spending for protecting the environment?
