Letters to the Editor dated July 04, 2022
It’s “Getting Fuel Under GST Will Take Longer: Revenue Secretary Tarun Bajaj” (July 4). Bajaj’s latest statement came as no surprise. The GST Board does not seem inclined to bring motor fuels under the GST despite national demand for it.
It is truly sad and unfortunate that the revenue-savvy Center and States continue to increase their revenue by conveniently keeping petroleum products out of the GST.
It will be remembered that at its last meeting held in Chandigarh, the decisions taken by the Council shook the pockets of the man of the people. One really wonders if automotive fuels would ever be subject to the GST system.
The dilemma of agricultural reforms
On “Agricultural Reforms Need GST-Like Advice” (July 4), the agricultural sector is riddled with innumerable problems from sowing to harvesting, marketing and making money .
Every government makes huge promises to double farmers’ income. But he doesn’t understand that there are several obstacles that prevent farmers from making ends meet.
Agricultural credit is made available through PSBs, Grameen Rural Banks, Cooperative Banks and Rural Credit Societies according to the scale of finance set for each crop for its region or Tehsil, high cost of inputs, fertilizers and labor cost. But this credit is still below the needs of farmers.
When crops get to market, farmers face the challenges of getting a supporting MSP, pressure from intermediaries, sales agents and the APMC.
Besides introducing the agricultural reform laws by crop, the government should selectively implement the provisions of the laws in a few states for a year or two and then replicate them in other states for all crops with regulations. improvised.
tug of war
TRS and Telangana leader CM K Chandrashekar Rao is a known critic of Prime Minister Modi. But this is hardly surprising as he has national ambitions and is an opposition leader. But not hosting the prime minister three times in the past five months doesn’t suit his stature, given that he holds a constitutional post.
To make matters worse, after ignoring the prime minister, he received presidential candidate Yashwant Sinha. Such political animosity must be kept at bay. Because such developments do not send a positive signal in Indian politics, which is becoming murkier by the day anyway.
The Centre’s decision to impose new taxes on fuel exports had an air of inevitability. The move has the dual purpose of generating more revenue by exploiting the phenomenal gains made following soaring world prices amid the war in Ukraine, and discouraging the export of gasoline and diesel to ease the situation. fuel on the domestic market. The sudden shortage of fuel at retail outlets across the country last month was attributed to increased exports for higher margins overseas, and the reluctance to sell fuel at a loss in the market. domestic since retail prices had not increased despite the cost of international crude oil and the rupee is depreciating.
Hence the Minister of Finance’s assertion that the tough tax measures must be seen in the context of extraordinary times and not simply as a disapproval or a grudge against making profits by exporting fuel. The message makes it clear that the national interest of securing fuel supply and avoiding artificial shortage in the domestic market outweighs other considerations.
N Sadhasiva Reddy
July 04, 2022
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