Our " great " chamcha PM has given us solution to our problem i.e if you can't do it let others do it for you.
Government is now passing on the responsibilty of inflation to industrialists. MANUFACTURERS has already paid miillions of crores of direct & indirect taxes to government. Why can'e government reduces these taxes to bring down the prices??
RE:PM's solution!!
by Venkatesan Seshadri on Apr 29, 2008 12:21 PM Permalink
Our Honourable PM's request is rather amusing and disappointing. Instead of trying to improve the lot of the poor and needy, he is passing the buck to Industry. Some time back he was blaming the highly-paid CEOs.
Let the PM, his colleagues, UPA and its leaders realise that SHORT-TERM, POPULIST and IRRATIONAL FISCAL MEASURES alone have contributed to this major disaster. A fortnight earlier the Finance Minister lashed out at cartels (in regard to cement, steel and commodity prices)and referred to the 'business class' as being greedy.
It is generally accepted that if Industry (private and public) does well, then the cost will come down (unless it is a monopoly). Some of the examples are Telecom, White goods (Fridge, TV, Computers..) and even Rail travel (the surplus profits have ensured that there was no increase in passenger fare that on the flip side the increase in freight has dented the wallet of the poor).
Industrialist-baiting is a favourite past-time of our politicians and sad to see our PM too join in this game.
Again it is the aam-aadmi and the garib who are bearing the brunt.
Can we as responsible citizens cut down on our avoidable expenses and contribute directly to good NGOs (our contribution vide Government taxes are not reaching the poor and the needy)?
Let's do what we can - the politicians just won't do anything good for society..
RE:PM's solution!!
by on Apr 29, 2008 08:38 PM Permalink
First things First,
Do not listen to the new IT minister who makes stupid proposals such as extending the IT tax holiday period for IT companies. No one in the IT industry is a popper. Even a low cader employee( i am not trying to undermine the importance of any kind of labour) in an IT industry who could be simply sitting in front of a coffee vending machine to operate it will be earning more than our poor farmers. that is the reality. All Indian IT companies have 20% bench staff who are paid to do nothing. So tax the IT industry. You can get more than 60K crores for farmer relief etc. This will drop down realestate prices, salaries will drop, purchasing power will drop and eventually demand and then prices.. IT industry is playing a havoc in this country, please understand Mr. Chidambaram
