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Union Budget 2010-11 may not include Finance Commission's GST recommendation

  Comment Posted by Mr Gary Bruce on 14-Jul-2010 06:32:24

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  Comment Posted by Jerry godwin on 30-Mar-2010 13:48:37

Mr. Pranab Murkhjee has indicated that he wants to change the appearance of Indian Currencies, so that it will become strong like dollar, pound and euros, but strength of any currency depends only on its purchase power and not on its appearance. Is P.M is that idiot to declare so? In this budget, there is stress on privatization and tax exemption to capitalists. Rs.20,000 crore tax will be collected from industrialists and Rs.50,000 crore will be collected from common man. Growth Rate PM declared that the growth rate for the year 2009-10 is +7.9%, whereas Professor Surjeet Bhalerao and Prof. Iyer have calculated in consideration of production, education, health and other parameters that the growth of India is -0.36% & -1.37% respectively. So, here is a cheating that the growth rate declared to the nation 9.2 units more than it actually is. This is done because if they declare that the growth of India is always negative then they themselves declare that they are incapable to run the Government. Further, higher growth rate is shown to allow the government to do more expenditure and give more subsidies to industrialists. Mr. D.K. Joshi and Mr. Mohan Sabnis are economic analysts for RSS and they have declared that there is 16% decrease in kharip crop production this year. Then, how can the growth rate be positive. India under globalization is implementing work of privatization, which it calls disinvestment. Liberalization means relaxation in taxation to investors and it is only beneficial to business community specific. While budget preparation, the Comptroller Auditor General has released statement of taxes and loans, wherein they have declared that in the year 2009-10, the government has exempted the taxes to industrialists for Rs.5,40,269 crore rupees. Following the chart for last three years or tax exemption given and the fresh loan taken to repay the interest on earlier loan. Year Budget (in crores rupees) Taxes received(in crores rupees) Tax exemption to businessmen (in crores rupees) Fresh loan taken to cover tax exemption (in crores rupees) 2010-11 11,08,749 7,46,751 4,50,000 4,57,143 (Proj) 2009-10 10,20,838 6,41,079 5,40,269 4,91,063 2008-09 7,50,884 5,07,150 3,50,000 3,06,000 2007-08 7,09,373 4,31,773 2,85,282 1,68,101 Above figures only for last three years, but the same is in practice from last 60 years. Only because the voters were never interested in reading and understanding the budget, they were continuously cheated which has resulted in total loan of Rs.34,95,152 crores rupees as on date. Because of this, Government has to spend 19% of its total annual budget only on repayment of interest on this loan and has to take fresh loan for the same. If even today government decides to stop tax exemption and repay the government loans, it is possible to nullify all the loans in seven years time and be free from loans for ever. But, Congress or BJP will do so, as they take money from businessman for elections required to purchase votes from the citizens and repay the same to the industrialists by way of tax exemption. As per Pranab Mukherjee for industrial production of 7,46,749 crore rupees, India has to spent 11,08,749 crores rupees. If 5,40,269 crore is given to farmers, then there will be production of more than 12,000 crore rupees. But, because they want to kill the farmers, any Government will never do it. Under liberalization, 79,544 income tax is exempted. Parallely for 85% people, 24,437 crore are allotted and 12,134 crore are actually spent; the rest of the amount is diverted. Budget can increase or decrease the inflation. When the above budget are deficit, then there is no reduction in price of any commodity. Thomas Jefferson, Ex-President of America has rightly said that “Capitalist has no Nation” and this is the result of inflation. For example, 1) Sugar :- Considering all expenditure for manufacturing and distribution and profit, the cost of sugar for consumer should be Rs.19/- per k.g. even after giving Rs.3,000/- per quintal to the farmers of sugar cane. Presently, the cost of sugar is Rs.48/- and the farmers are getting only Rs.2,000/- per quintal. This is because most of the sugar factories are owned by Politicians and their relatives. 2) In the year 2007, Finance Minister P. Chindabaram declared that the government will open 5 lakh additional classes in various schools and appoint 1.5 lakh additional teachers. The problem with this is there will be one teacher attending three classes. After this declaration there is no action for recruitment of teachers. Then what will be quality of education in such schools. Will that child stand in any competition with children from private school? This is actually segregation at grass root level. They don’t want our children to have proper education for higher competition. They only want to give our children only marginal education enough for serving them properly. Mukesh Ambani gives letter to government recommending that the government should spent less on education by which the government can save Rs.2000/- crore per year. If the tax exemptions are not given to industrialists, then the government is in a position to earn 5,40,000 crore rupees per year. On one hand, government is saying that they don’t have money for education and therefore they are privatizing the educational sector. Are they not cheating 85% of Indian population by giving highest tax exemption to few industrialists? In budget there are provisions for business community and common man and there are various schemes to be implemented for historically socially deprived communities. But, government implements such scheme marginally, i.e. hardly 10% of the allotted amount against each scheme. The unused amount is diverted for non-social schemes even when the diversion of fund against social scheme is not permitted as per the Constitution of India. Privatization Chapter-27 to 30 of Budget 2010-11 declares that all the Public Sector Units will be sold out by 2020. In the year 2000, Maruti was sold at Rs.500 crores, whereas it was earlier declared by the Government that only 10% of its shares will be sold out. Assets of Indian Oil Corporation are worth Rs.1,15,000 crore, but this Government is all set up to sell Indian Oil at Rs.15,000 crores. Today, the share price of all the PSUs is 2,98,269 crore rupees and the total value is Rs.29,83,730/- crores. But, it is learnt that the Government by selling the shares in parts, is planning to sell off the companies not at its total cost, but only at its share value. By this, the companies will be sold off only at 10% of its actual cost. Government further declares that by selling the shares of public sector units the money earned will be used for education of people. Conversely, the government is declaring to the people of India that if you do not allow for selling of government companies, then there is no money for education of children. Result of Privatization Government has declared that there shall no audit for any organization or individual, whose annual earning is upto Rs.60 lakhs. This facilitates the rich to hide his black money. Sen Gupta Report states that 83 crore people are below poverty line, out of which 29 crore people earn Rs.6/- per day. 26 crore people, earn Rs.11/- per day and 28 crore people earn Rs.20/- per day. The Government earlier claimed that with liberalization there shall be job opportunities and better earnings to the people of India, but this figures reflects exactly opposite. This is the result of privatization for last 20 years and because of this farmers are committing suicides. Last year, 61,09,664 people were arrested by police in various crimes. Out of which 26,89,284 were below age 30 and 95% of them were OBC, SC, ST. This figure shows that because of unemployment, the youth has gone for unlawful activities. Ex. Every morning from 09.00 a.m. to 11.00 a.m. at Malad and Goregaon Railway Stations you will find thousands of young boys waiting for daily wage appointment. If they don’t get appointment for the day, they go for illegal activities. What is good in this budget. The government has declared that they shall set up OBC Development and Financial Corporation for which they have allotted Rs.50 crore per year. The population of OBCs in India is 60 crore. So the government does not even give Rs.1 per year to OBC citizen and he is silent about it. Where it is rotated and how it is affecting us? Abhijeet Sen Committee has declared that the Hundi market should be closed. Because all the black money is rotated in Hundi market only and Mukesh Ambani is having Rs.2 lakh crores in the Hundi Market. And this market decides the cost of each product on monthly basis. It only works on our money, because we pay taxes included in the MRP of the product. The manufacturer gets these entire amounts which he is required to pay to the government. But, government is giving the business huge tax exemption. So, this exempted amount he uses in Hundi market. When the government is giving tax exemption to industrialists and he increases the cost of commodity, this action only ensures making businessman more rich and common man more poor. This mechanism was in detailed explained in Loksatta article heading “All is not well”. By definition, i) Tax paid by businessman:- It is collected from consumer in the cost of every commodity and is to be paid to the government by businessman. ii) Tax paid by common man:- It is either deducted from his salary or is included in the cost of each commodity which is purchases. Therefore, it is to be said that the businessman does not pay any tax from his pocket, as all the taxes which he is required to pay; he is already covering them in the cost of the commodity. With tax exemption, poor man’s money is put in rich man’s pocket. Setting up of new industry If 1000 crore rupees company is to be set up by a businessman, then he invests only Rs.200 crore from his pocket, borrows Rs.400 crores from government financial institutions and takes Rs.400 crores from share market. With 20% investment, he becomes 100% owner. Farmer relief package Government declared Rs.70,000/- crores package for farmers. But chunk of the money is still remaining in the banks. Only Rs.500 crore have been distributed to the farmers. Whereas, Rs.5,00,000/- crores per year are already given to businessman community every year as tax exemption. Rajiv Gandhi once when was in Mumbai declared that only 20% of the social fund reaches to common man. On the contrary, Pranab Mukherjee in his budget speech has said that the government has ensured that each rupee spent by the government is reaching to the common man. So, the Swiss Bank of India is the corpus of industrialist and politicians. The question is, Why do they do it and make 85% Indians suffer continuously for 60 years from independence? Family Affair:- In India there are 1,00,000 people whose assets are more than Rs.5 crore and these people are owner of 50% of Indian Wealth. Out of 543 MPs, about 300 are Crorepatis. State and Central politics is dominated by only 1000 families. High Court and Supreme Court Judges are appointed from 200 families only. The reasons is that the ruling people know their history completely and they have made rest of the 85% people forget their history. It is now scientifically proved by DNA Analysis that there are two distinct recess in India, the Aaryans and the Dravidians. The Aaryans (Bhrahman, Kshtriya, Vaishaya), DNA is 100% matching to European DNA. The DNA of all the rest of the people in India, i.e. OBC, SC, ST, Converted Christians, Muslims, Sikhs, are matching 100% with each other. When they know that there were revolution and counter revolution, today they are taking a revenge on the result of such revolutions. Most affected in this is OBC as present ruling caste remembers that The Buddha, Ashoka, Namdev, Tukaram, Jyotirao Phule, Ch. Shivaji Maharaj, Shahu Maharaj were all OBCs and had revolted against the present ruling caste. But, the suffering people are made to forget this and their identities. He is also made to identify himself with forefathers of this own enemies. Revenge begins with census, i.e. counting of Indian citizen. Provision in the annual budget of the country under various schemes is to be made as per the strength of each caste. The last caste census was done in 1931 in which separate counting was done for OBC and was declared as 51%. After that there is census defining caste of only SC & ST and not of OBC. Amount is allotted to SC & ST under various government schemes as per their percentage population strength. Whereas, for OBC it is not done so. Only token amount is allotted declaring that as the population strength of OBC is not known, the Government cannot allot the fund. Because OBC in India are more than 50% and if this strength is known on paper, then half of the budget has to be allotted for welfare schemes of OBCs. If they do so, they cannot give tax exemption to the industrialists as explained earlier. It is, therefore, concluded that the businessman of India are being made wealthier at the cost of OBCs for last 60 years. This cheating of OBC has been carried out for last 60 years and the OBCs do not know about it and neither has he revolted against it. Key for compelling any Government for allotment of fund for OBC as per population strength lies in OBC census counting. Montek Singh Ahluvalia of Planning Commission after repeated persuasion by Prof. Hari Narke has agreed for census with OBC counting, but this government had declared that the same will not be done for 2011 census counting. We know why they do so. Budget (in crore) 2009-10 Due 50% for OBC per year(in crore) Amount due / person / year Actual allotted(in crore) Amount allotted / person / year Central 11,00,000 5,50,000 Rs.1100 248.92 Rs.5 State 25,000 12,500 Rs. 1250 350 Rs.7 If it is Rs.5/- per year, i.e. 41 paisa per month, which is little 1 paisa per day. Are we beggars? This Government has made us beggars in the entire earlier budgets. Therefore, we, Bharat Mukti Morcha has burnt this budget on 28/03/10.

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