Sir,
The poor and the middle classes are not concerned about the dream of
$ 5 trillion economy by 2025 of the new government , but bother only about the
impact of a new budget on their consumption expenditure after the imposition of particularly the
indirect taxes . The imposition of taxes
on diesel and petrol has come as a rude
shock to lacks of poor and middle class
employees who drive their two wheelers to work spots every day .
Moreover, the fuel prices always have linkage effect on other prices and
finally would cut the disposable income meant for consumption expenditure. Is
it a prudent step to touch the fuel prices when the economy already has slowed down due to various
factors and the government is talking about kick starting the economy by boosting up consumption and
investment expenditures?
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