Budget 2021: Why easing taxpayers' load is a good idea

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Budget 2021: Why easing taxpayers' load is a good idea
By Dhiraj Nayyar, ET CONTRIBUTORS
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Synopsis

Govt should cut taxes on individuals and firms and allow them to play a bigger part in the revival story. Confidence is back. An effective stimulus could address over-the-top taxation, such as cesses, which can be removed. It could also involve cash transfers to the poorer sections of the population, which will spend immediately.

Agencies
This is not the time for GoI to increase its spending by taking a bigger share from taxpayers.

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1 Comment on this Story

Prakash Ramiah54 minutes ago
My guess it is going to be only through revamping clss pmay aff hsg and distribute vouchers to first flat seekers,slum dwellers,33 plus old flats,chawls etcabout 35 from households will benefit .this will be like imf sdr. 35 cr vouchers of 1200 sq ft at 2500 rs per sq ft 30 lacs ,a house with housing loan,a true housing for all for households without lland,without house,no ancestral properties,ever rent payers in 5090 tier 1,2,3 cities and 6 lac villages through this vouchers deposited in rbi and drawn by rera,state housing by project wise,beneficiary wise by linking ration cards,voters I'd and aadhar. And by twin registrations and issue of houseports and deviding ration cards for owned or rented households door number wise this is a asset of every one and liability of none.allication of space drawing rights is 1050 lac from or 15 trillionsir,British economy is run by retail and land lords this way of approach may not be the case for india in future as per un spl rapporteur report housing is not a commodity, but right. Entire world the concept of mortgage will change no more mortgage prisoners,concrete jungles and vultures and fross collateralusation of real estate between top international metros especially into india. This housing revolution is what I expect from hon pm,a one in 100 year reform of reforms and bringing barren land cess to fight covid and free vaccination.if barren land held by other than govt, other than agri at 1 re per sq ft is the real tax a good catch.