Hn_Ani2_Gj_Ahmd_Congress_Leader_Ranga_Rajan_Mohan_Kumar_Pc_02-48-47

ETVBHARAT

default

Transcript

00:0028% GST, above 3000 bucks you buy a shirt, it's luxury, 28% GST.

00:06So they're trying to collect money again from the very people who are actually the only

00:11people left leading our consumption right now.

00:14Again individuals, not touching the companies at all.

00:18Worse, for small to medium businesses, they are also premiumising their products so that

00:24they can get to this customer base.

00:27If we do over-taxation at that level also, even that consumption will go down like the

00:32rest of the consumption pyramid and then you'll have lakhs of further job losses.

00:38But this government is not focused on that, it is focused on wherever it sees some revenue

00:43it can tax, it will come up with some convoluted reason to tax it and new cesses and new excesses

00:51under the GST regime will be introduced in some sort of vague method of rationalisation

00:59of tax.

01:00In the end, killing whatever consumption is already reducing in our economy.

01:11I think many of you must have seen the study that had came out a few months ago, where

01:17they said that, where it was clear that actually about almost two-thirds or 64% of our total

01:25GST collections actually comes from bottom 50%, 50% of our country.

01:32And you're all familiar with the fact that how big an issue income inequality is in our

01:36country.

01:37Where only the top 1 or 2% of our country control almost half of our entire wealth.

01:44Even now with GST, what we are doing is, we are actually not only, as I said, going

01:50after whatever little consumption is left in our market, because of which our industries

01:54are continuing to run.

01:56But we are also going after the poorest of the poor, half of the GST actually is being

02:02taken from them.

02:04So you can see how GST and indirect taxation as a whole, whether it is the standard GST

02:11rate or whether it is the cesses that have been put on top of them, are leading to the

02:16slowdown in our economy that now we are seeing in the GDP numbers.

02:21This has been happening for a while.

02:23Only now it is becoming apparent in the GDP numbers that can't be hidden.

02:28Six months ago, maybe this is why the finance ministry decided to stop publishing the GST

02:34numbers.

02:35Every month we used to get new high, new high for GST, new high for GST.

02:39It's too much.

02:40They stopped it.

02:41They started to keep quiet.

03:09It's too much.

03:10It's too much.

03:11It's too much.

03:12It's too much.

03:13It's too much.

03:14It's too much.

03:15It's too much.

03:16It's too much.

03:17It's too much.

03:18It's too much.

03:19It's too much.

03:20It's too much.

03:21It's too much.

03:22It's too much.

03:23It's too much.

03:24It's too much.

03:25It's too much.

03:26It's too much.

03:27It's too much.

03:28It's too much.

03:29It's too much.

03:30It's too much.

03:31It's too much.

03:32It's too much.

03:33It's too much.

03:34It's too much.

03:35It's too much.

03:36It's too much.

03:37It's too much.

03:38It's too much.

03:39It's too much.

03:40It's too much.

03:41It's too much.

03:42It's too much.

03:43It's too much.

03:44It's too much.

03:45It's too much.

03:46It's too much.

03:47It's too much.

03:48It's too much.

03:49It's too much.

03:50It's too much.

03:51It's too much.

03:52It's too much.

03:53It's too much.

03:54It's too much.

03:55It's too much.

03:56It's too much.

03:57It's too much.

03:58It's too much.

03:59It's too much.

04:00It's too much.

04:01It's too much.

04:02It's too much.

04:03It's too much.

04:04It's too much.

04:05It's too much.

04:06It's too much.

04:07It's too much.

04:08It's too much.

04:09It's too much.

04:10It's too much.

04:11It's too much.

04:12It's too much.

04:13It's too much.

04:14It's too much.

04:15It's too much.

04:16It's too much.

04:17It's too much.

04:18It's too much.

04:19It's too much.

04:20It's too much.

04:21It's too much.

04:22It's too much.

04:23It's too much.

04:24It's too much.

04:25It's too much.

04:26It's too much.

04:27It's too much.

04:28It's too much.

04:29It's too much.

04:30It's too much.

04:31It's too much.

04:32It's too much.

04:33It's too much.

04:34It's too much.

04:35It's too much.

04:36It's too much.

04:37It's too much.

04:38It's too much.

04:39It's too much.

04:40It's too much.

04:41It's too much.

04:42It's too much.

04:43It's too much.

04:44It's too much.

04:45It's too much.

04:46It's too much.

04:47It's too much.

04:48It's too much.

04:49It's too much.

04:50It's too much.

04:51It's too much.

04:52It's too much.

04:53It's too much.

04:54It's too much.

04:55It's too much.

04:56It's too much.

04:57It's too much.

04:58It's too much.

04:59It's too much.

05:00It's too much.

05:01It's too much.

05:02It's too much.

05:03It's too much.

05:04It's too much.

Category

Transcript

Recommended