Attacking prime minister, Narendra Modi every time he speaks, the former Congress president, Rahul Gandhi, in his 3rd part of his very fresh series of videos on the economy stated that the “GST is not a tax system, it is an attack on India’s poor”.
Rahul Gandhi in this video said that the GST was the second enormous attack on the unorganized sector of the economy and further said that the Congress-led UPA government had begun this taxation with a different motive which was “one tax, minimal, standard and simple tax”.
“For what reason are there four different rates? This is on the grounds that the administration needs the individuals who have the way to have the option to effectively change GST, and the individuals who don’t have means, can’t do anything about GST. Who has the methods? India’s greatest 15-20 industrialists? Thus, whatever charge law they need to change should handily be possible in this GST system”. Mr.Gandhi said.
He said that the GST is a “complete disappointment and failure” seeing the Centre is not been able to pay back to the States which thus had made it hard for the State governments to pay salaries and subsidies to its employees and educators. “In addition to the fact that it is fruitless, it is an assault on poor people and on the little and medium organizations. GST isn’t an expense framework or tax system, it is an assault on India’s poor and unorganized sector. It is an assault on small business people, small and medium organizations or businesses, ranchers, and workers. We need to perceive this assault and we need to stand against it together,” he included. The reports suggest that Rahul needs a better argument.
Mr. Chidambaram, then, tweeted six stages to invigorate demand and resuscitate the economy. The chief step, the Congress leader stated, was to move cash to the most unfortunate half of the families. Free food grains ought to be offered to all the families so the individuals who needed could take it. Government expenditure on foundation ventures and infrastructure required an expansion and quality grain stock could be utilized to pay compensation in kind. The banks should be empowered enough to lend by re-capitalizing them. Mr. Chidambaram concluded by saying, the administration should immediately pay the unfulfilled obligations of GST payments to the States.
“The entirety of the above will require cash. Borrow. Try not to stop for a second. Don’t hesitate,” he said.