Close X
Saturday, November 23, 2024
ADVT 
India

Tax reforms resulted in record tax collection: PM Modi

Darpan News Desk IANS, 16 Jan, 2024 12:58 PM
  • Tax reforms resulted in record tax collection: PM Modi

Puttaparthi (Andhra Pradesh), Jan 16 (IANS) Prime Minister Narendra Modi said on Tuesday that reforms brought in the tax system in the country during the last 10 years have resulted in record tax collections.

He said that the government simplified the income tax system and introduced a modern system in the form of GST.

He was speaking at the inauguration of the new campus of National Academy of Customs, Indirect Taxes & Narcotics (NACIN) at Palasamudram in Sri Sathya Sai district of Andhra Pradesh.

The Prime Minister recalled multiple, non-transparent tax systems of earlier times the tax system not easily understandable to the common people.

“We gave the country a modern system in the form of GST and simplified income tax and introduced faceless assessment. All these reforms have resulted in record tax collection,” Modi said.

He said that the government was returning to people their money through various schemes. He noted that the IT exemption limit was raised from the income of 2 lakh to 7 lakh rupees.

Modi said that tax reforms after 2014 have resulted in tax savings of about 2.5 lakh crore rupees for the citizens.

He said that the number of taxpayers is consistently increasing in the country as they feel happy that their tax money is put to good use. “Whatever we took from people, we returned it to people and this is good governance and the message of Ram Rajya,” he added.

Modi also mentioned Swami Tulsidas’s description of the tax system in the Ram Rajya. Quoting Ramcharit Manas, the Prime Minister highlighted the welfare aspect of taxation and said every paisa of tax received from people would go into the welfare of the people to stimulate prosperity.

Quoting Mahatma Gandhi, the Prime Minister said that the very idea of Ram Rajya is the notion behind true democracy. He highlighted Mahatma Gandhi’s life experience as the reason behind his backing of the Ram Rajya ideology and spoke about a nation where every citizen’s voice is heard and everyone gets their due respect.

Quoting a Sanskrit shloka the Prime Minister said, “Ram Rajya Vasi (citizen), Keep your head high and fight for justice, treat everyone as equal, protect the weak, hold Dharma on the highest level, You are Ram Rajya Vasis.”

He underlined that Ram Rajya was established on these four pillars where everyone could walk with their heads held high and with dignity, every citizen is treated as equal, the downtrodden are protected, and Dharma holds paramount importance.

He mentioned the latest report of NITI Aayog which states that almost 25 crore people have been lifted out of poverty in the last 9 years by the efforts of the present government. Calling it a historic and unprecedented achievement, especially in a nation where slogans for eradicating poverty have been raised for decades, the Prime Minister said that it is the result of the government’s priority for the welfare of the poor since coming to power in 2014.

The Prime Minister expressed the belief that the poor of this country have the potential to defeat poverty if they are given the means and resources. “We can see this becoming a reality today,” he said.

He said that the government spent on health, education, employment and self-employment, and increasing the facilities for the poor.

“When the potential of the poor strengthened and facilities were provided, they started coming out of poverty,” he said noting that it is another good news before the consecration of the Ram Temple in Ayodhya on January 22.

“Poverty can be reduced in India, this is going to fill everyone with a new belief and will increase the confidence of the country,” he said.

PM Modi credited the reduction in poverty to the rise of the neo-middle class and the proliferation of the middle class. He said that people in the world of economy realize the potential of the growth of the neo-middle class and their contribution towards economic activities.

Modi, who earlier visited Veerabhadra temple at Lepakshi, referred to the belief that Ram Jatayu Samvad took place there. He said he was undergoing an 11-day special anushthan before the Pran Pratishtha at the temple at Ayodhya Dham. He expressed gratitude for being blessed at the temple during this pious period. Acknowledging the atmosphere of Ram Bhakti pervading the country, the Prime Minister pointed out that Shri Ram’s inspiration goes beyond devotion. He said that Shri Ram is such a great symbol of good governance that he can be a great inspiration for NACIN too.

The Prime Minister took a walkthrough of the exhibition showcased on the occasion. He also interacted with Officer Trainees of the 74th and 75th batches of the Indian Revenue Service (Custom & Indirect Taxes) as well as officer trainees of the Royal Civil Service of Bhutan.

Andhra Pradesh Governor S. Abdul Nazeer, Chief Minister Y. S. Jagan Mohan Reddy, Minister for Finance Nirmala Sitharaman and Chairman of the Central Board of Indirect Taxes and Customs, Sanjay Kumar Agarwal were present on the occasion.

MORE India ARTICLES

Uttarakhand tunnel collapse: Rescue team to begin vertical drilling

Uttarakhand tunnel collapse: Rescue team to begin vertical drilling
Fresh pictures that emerged from the site of the Silkyara tunnel collapse in Uttarakhand showed that the 41 labourers trapped inside were mostly safe, an official said on Tuesday, adding that those engaged in the rescue operations will now try to drill the tunnel vertically to create an evacuation passage. Thick pipes have been brought to the Silkyara Tunnel by helicopter from Odisha and a large vertical drilling machine has been brought to create the evacuation passage.

Uttarakhand tunnel collapse: Rescue team to begin vertical drilling

More expressways, corridors planned in UP

More expressways, corridors planned in UP
The Uttar Pradesh government will develop more industrial corridors along with the five new expressways across the state. A fund of Rs 7,000 crore has been allocated for the development of these corridors.  

More expressways, corridors planned in UP

40 boats gutted in fire at Visakhapatnam Fishing Harbour

40 boats gutted in fire at Visakhapatnam Fishing Harbour
A huge fire at the Visakhapatnam Fishing Harbour has destroyed over 40 boats. The incident happened late on Sunday night. The fire, which broke out in one of the boats around 11 p.m., spread to other boats. Fire engines rushed to the scene. The fire was controlled in the early hours of Monday.

40 boats gutted in fire at Visakhapatnam Fishing Harbour

Cylinder blast in Bihar kills one, injures 8

Cylinder blast in Bihar kills one, injures 8
A person was killed and eight others were injured when a cylinder exploded while filling balloons in Bihar's West Champaran district on Monday. The incident took place at Chhath Ghat at Pakadiya village under Chanpatia police station in the district.

Cylinder blast in Bihar kills one, injures 8

Lingayat mutt sex scandal: Arrest warrant against rape accused Murugha seer

Lingayat mutt sex scandal: Arrest warrant against rape accused Murugha seer
The Chitradurga Second Additional District and Sessions Court issued the order considering the submission by the public prosecutor, Jagadish. The rape accused seer was released on November 16 following the granting of conditional bail in the first POCSO case.  

Lingayat mutt sex scandal: Arrest warrant against rape accused Murugha seer

Two-day Punjab Assembly session on Nov 28-29

Two-day Punjab Assembly session on Nov 28-29
Punjab Cabinet led by Chief Minister Bhagwant Singh Mann on Monday approved summoning of the fifth session of 16th Vidhan Sabha on November 28-29. The decision was taken by the Council of Ministers at its meeting held under the chairmanship of the Chief Minister.

Two-day Punjab Assembly session on Nov 28-29