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last activity : 07 07 2010 03:36:23 +0000
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Unbalance ------ its an opportunity ????? … may be
Petrol prices raised …. An overview said … rise is Rs 4 approximately … which helps in reducing the burden on government in terms of eliminating subsidy. In other way increase in revenue in terms of taxes.
Is it valid ???? Is Govt. trying to take duo advantage of price hike?
Subsidy … in my opinion …. Is the tool to motivate corruption, burden on salaried people, price hike on daily needs indirectly.
In other words subsidy given means facilitate people to get the things in low price so that individual budget won’t get affected and the difference amount would be paid by Govt.
Now come to a mathematical model of subsidy and taxes …. And I am sure you will realize that now we are made FOOL by such high class economists, policy makers, Central Govt. and State Govt. And of -course politicians … SORRY I forgot to count such intellectual property of my NATION…. SORRY NETAJI.
Say price of petrol Govt is buying – Rs ‘Z’
Govt. was paying in terms of subsidy - Rs ‘Y’
People are paying say - Rs ‘X’
Taxes on the same - T %
Means X = (Z-Y) + (Z-Y)* T
Conclusion is that
- We were enjoying as Govt. says, but practically not… why? Because we paid so many taxes in terms of house, income, insurance, service, VAT, education, CESS etc. Overall revenue is same… I mean to say Govt is enjoying.
- Govt. is over burdened since last 63 years due to this word subsidy and never started initiatives for people because of this. Agreed SUBSIDY its an abusive word to an independent person who never wants to steps with support or help. And this amount is quite substantial… as per above methodology it is Y*T.
- Hypothesis says SUBSIDY is inversely proportional to taxes.
So
If subsidy eliminated taxes should be eliminated on subsidized amount.. but NO … BIG NO
Now price is X = Z + Z*T
We are paying taxes on full price …. Means Govt has taken duo advantage
- Subsidy amount eliminated which will create an huge amount of revenue.. i.e. Y
- Taxes on subsidized amount i.e. Y*
WHY???? NO ANSWER
To reduce this UNBALANCE … I feel the following course of action to be initiated by people like us … how … better you tell me to make it more effective …
01.Govt should increase the interest rate on all means of savings and investments such as saving bank accounts, recurring, fixed deposits, home loan principle, insurance amount etc.
02.Govt should go for CONSOLIDATED tax structure… charge this tax once and free people for all buying, investments, etc. and take care of people on medical and accidental ground.
03.Income tax slabs need to revise again and make it more easy or low for high income group… which will helps to open the black money.
04.If all do not happen than All citizen should follow the GANDHIJI’s SATYAGRAHA and NON CO-OPERATION. Stock your daily needs for three months and sit back to your chair at home for one month at least …. No work in Govt or Private … do not send your kids to schools ….. do not go to work … do not buy anything … do not sale anything … STOP working completely … Do not go for agitation outside … do not harm to public and private property …. Just take rest … Please keep in mind … Do not follow NETAJI and their promises …
For your information the same petrol in Pakistan Rs 26, Afganistan Rs 34, Nepal Rs 30, and in Bangladesh Rs 28, because Govt has imposed only 6% taxes on actual price without subsidy... all figures in INR and tentative.
Actual minimum sales price for petrol to Govt. or Petro companies is Rs 16.70, Central Govt taxes are Rs 18 and state Govt taxes are Rs 17 and rest part for transportation.
No state Govt came forward till today to reduce their tax part for the help of people, whether it is from Congress or BJP or any other. They are hungry like a bagger... there is no treatment for their apetite .... What they will do with this revenue we knows and well experienced that most of the part will be eaten by corruption ... no progress we could observe ....
For progress we have to depend on IMF or world bank or other countries ....AGAIN .... GOD this should not happen .. its a NIGHTMARE...
Is it really required ???? I m confused … please help me .. I don’t want to be a psychopath …. My friends from media and legal side can help me … sure.
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