Close X
Wednesday, November 27, 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

Road crashes in India touch all-time high with 1.68L fatalities; UP tops number of accident deaths

Road crashes in India touch all-time high with 1.68L fatalities; UP tops number of accident deaths
The number of people killed in road crashes in India touched an all time high in 2022 with fatalities crossing 1.68 lakh, which translates to 462 deaths per day or one every three minutes or 19 deaths every hour. According to the annual report released by the Ministry of Road Transport and Highways on Tuesday, a total number of 4,61,312 road accidents have been reported by states and Union Territories (UTs) during the calendar year 2022, claiming 1,68,491 lives. 

Road crashes in India touch all-time high with 1.68L fatalities; UP tops number of accident deaths

Air India pee-gate: Delhi HC issues notice to AI on accused Shankar Mishra's plea

Air India pee-gate: Delhi HC issues notice to AI on accused Shankar Mishra's plea
The federal government's priorities for improving Canada's immigration system include better aligning the number of people welcomed to the country with what the labour market needs, as well as services and infrastructure, says a report released Tuesday. The report comes ahead of the federal government's annual immigration levels plan, which Miller is expected to table in the House of Commons on Wednesday.  

Air India pee-gate: Delhi HC issues notice to AI on accused Shankar Mishra's plea

2020 riots: Delhi court sentences convict to 7 years jail for attempt to murder, another to 5 years

2020 riots: Delhi court sentences convict to 7 years jail for attempt to murder, another to 5 years
The case involved Imran alias Model and Imran, who were found guilty of being part of an unlawful assembly that engaged in rioting and used force against police officers by firing gunshots, which resulted in injuries to a constable in Brijpuri on February 25, 2020. The court noted that firing at the police officers demonstrated the convicts' readiness to challenge the authority of the state, describing this attitude as dangerous for society.  

2020 riots: Delhi court sentences convict to 7 years jail for attempt to murder, another to 5 years

Jaishankar meets families of 8 detained Indians, says govt attaches highest importance to case

Jaishankar meets families of 8 detained Indians, says govt attaches highest importance to case
External Affairs Minister S Jaishankar on Monday met the families of eight former Indian Navy officers who are detained in Qatar and have been given death sentences on allegations of spying. The eight Indian officers have been under detention since August last year by Qatar on allegations of spying for Israel.

Jaishankar meets families of 8 detained Indians, says govt attaches highest importance to case

Trains collision in Andhra a near repeat of Odisha rail disaster

Trains collision in Andhra a near repeat of Odisha rail disaster
The collision between two trains in Andhra Pradesh’s Vizianagaram district appears to be a repeat of the ghastly train disaster in Odisha nearly five months ago. Both the collisions involved two passenger trains and a goods train. At least 14 passengers were killed and over 50 injured in Sunday’s collision between Visakhapatnam-Palasa passenger and Visakhapatnam-Rayagada passenger near Kantakapalli junction in Kothavalasa ‘mandal’ (block).

Trains collision in Andhra a near repeat of Odisha rail disaster

Five students, driver killed as bus-van collide in UP’s Badaun

Five students, driver killed as bus-van collide in UP’s Badaun
In a tragic incident, five students and a driver of a school van were killed in an accident in Uttar Pradesh's Badaun district on Monday. The accident took place when the school bus collided with another school van on the Nabiganj road, killing the van driver and a student on the spot.

Five students, driver killed as bus-van collide in UP’s Badaun