Close X
Sunday, November 24, 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

Sonia Gandhi condemns India abstaining from voting for ceasefire in Gaza

Sonia Gandhi condemns India abstaining from voting for ceasefire in Gaza
In her editorial piece published in a leading daily on Monday, Congress Parliamentary Party (CPP) chairperson Sonia Gandhi condemned India abstaining from voting in the UN for a ceasefire in Gaza, saying the grand old party's stand on the issue of Israel and Palestine has been consistent over the years.  

Sonia Gandhi condemns India abstaining from voting for ceasefire in Gaza

Punjab Chief Minister bans stunts on tractors day after man's death

Punjab Chief Minister bans stunts on tractors day after man's death
A day after a man was killed while performing stunts, Punjab Chief Minister Bhagwant Singh Mann on Monday announced a complete ban on stunts involving tractors and other agricultural implements in the state. The Chief Minister expressed deep anguish and sorrow over a tragic incident in which a person lost his life during one such dangerous display on a tractor.

Punjab Chief Minister bans stunts on tractors day after man's death

'Rs 338 cr transfer tentatively established': SC denies bail to Manish Sisodia, gives timeframe for trial

'Rs 338 cr transfer tentatively established': SC denies bail to Manish Sisodia, gives timeframe for trial
The Supreme Court on Monday dismissed former Delhi Deputy CM Manish Sisodia's bail plea in the excise policy case, saying among other charges, the "transfer of Rs 338 crore is tentatively established" In their ruling, the bench of Justices Sanjiv Khanna and S.V.N. Bhatti referred to the mandate established by the apex court's judgement in Vijay Madanlal Choudhary case that upheld the Enforcement Directorate's powers under the Prevention of Money Laundering Act (PMLA).

'Rs 338 cr transfer tentatively established': SC denies bail to Manish Sisodia, gives timeframe for trial

PM to distribute appointment letters to 51,000 new recruits virtually tomorrow

PM to distribute appointment letters to 51,000 new recruits virtually tomorrow
Prime Minister Narendra Modi will distribute more than 51,000 appointment letters to newly inducted recruits via video conferencing on Saturday. He will also address the appointees on the occasion. The Rozgar Mela will be held at 37 locations across the country.

PM to distribute appointment letters to 51,000 new recruits virtually tomorrow

Wife of last Nawab of Malerkotla passes away at 100

Wife of last Nawab of Malerkotla passes away at 100
Begum Munawwar-ul-Nisa was the successor of Nawab Sher Mohammad Khan, who is revered as he had raised his voice against the execution of the younger sons of Guru Gobind Singh -- Sahibzada Zorawar Singh and Sahibzada Fateh Singh -- in the court of Wazir Khan, the Subedar of Sirhind, in 1705.

Wife of last Nawab of Malerkotla passes away at 100

India-EU discuss steps to prevent irregular migration, human trafficking

India-EU discuss steps to prevent irregular migration, human trafficking
The seventh India-EU high-level dialogue on migration and mobility was held on Friday. During the dialogue, both sides discussed appropriate steps that could be jointly taken to prevent and counter irregular migration, smuggling of migrants and human trafficking in accordance with respective legislative frameworks and applicable international law.

India-EU discuss steps to prevent irregular migration, human trafficking