Television

Subhash Chandra hails GST, seeks new tax system & ease of doing biz

MUMBAI: Essel Group chairman and Rajya Sabha MP Dr. Subhash Chandra has welcomed the GST Bill while addressing the Upper House of the Parliament for the first time.

Dr. Chandra is an independent RS member from Haryana. ZEE, as a brand today, has achieved a global recognition, reaching over a billion viewers in 171 countries.

A compilation of his tweets on GST:

Today, I gave my maiden speech in Rajya Sabha and participated in the GST Bill debate. 

I congratulate the govt, Prime Minister Shri @narendramodi ji and FM Shri @arunjaitley ji for bringing this historic GST bill. Since independence we’ve been hearing from almost everyone that we need to work for welfare of common man and uplift the poor class, he said.

2000 years ago, India’s contribution to the world GDP was 32%, which came down to 4.2% in 1950, when India’s share in world manufacturing went to as low as 1.7% & international trade during the British Raj fell from 20% to 1.4%, he added.

We understand why this happened, because the British wanted to rule us for a longer time and take away our wealth, he said. But, 70 years after their exit, have our economic conditions improved at the same rate as that of global standards?

GDP in 1950 - 4.2% - was reduced to 3.2% in 1980, and now in 2017 it has reached around 7.5%. Manufacturing in 1950 was 1.7%, 3.2% in 1980, in 2015 it was 4% while global trade was 1.3% = 1950, 0.5% = 1980 & now 1.7%.

If we compare these statistics with the growth in India’s population, then we see that since 1950, India's growth has been negative, he added.

From 2000-2015 India earned income of 2.23 trillion dollars, of which 81% wealth went to 10% of the population & 19% to the rest 90%. Astonishingly, 58% wealth of the 154 lakh crore went to the top one per cent, which clearly shows that poor became poorer, and the rich became richer.

GST is of course a great measure but it is just the first step, we need to do lot more to eradicate poverty from India.

We need to reduce the tax structure that will further motivate people in paying the taxes and govt can then do away with penal provisions. 

Due to lack of Ease of Doing Business in India, there is lot of indirect tax that is borne out of corruption, we should also address it. In the time to come, we need to think beyond GST, start a new taxation system & not just replicate the global ones.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/24/gana.jpg?itok=xqAXjICQ
Gaana becomes first music app to reach 100 mn monthly active users

Gaana, the largest music streaming app in India, crossed 100 million monthly active users (MAU) in March 2019.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/24/res.jpg?itok=dqT3w4l2
Zee Live brings Russell Peters to perform at intellectual platform Supermoon

Zee Live, an out of home vertical of ZEEL which creates live original content, on ground IPs in culture, food, comedy, music, business, has announced that the global comedy superstar Russell Peters will perform at Supermoon, which is an intellectual platform of Zee Live.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/24/abp.jpg?itok=yYbYyhuG
ABP News Network joins hands with Amplify.ai’s AI-driven virtual assistants to drive consumer interactions, analysis, and customized content solutions

Amplify.ai, a Silicon Valley-based AI solutions provider, joined hands with one of India’s largest news conglomerates, ABP News Network Pvt Ltd. (ANN).

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/24/history.jpg?itok=bXnmbbeV
On popular demand HISTORY TV18 is back with an all new season of ‘Crazy Wheels’ this April

‘Crazy Wheels’ returns with its second season, promising crazy-funny experiences on wheels for its audiences

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/24/luther.jpg?itok=byBHdsyW
Applause Entertainment to remake BBC Studios' 'Luther' in India

BBC Studios announced today, on Day Zero of the Asia Pacific Video Operators Summit (APOS) in Indonesia, that the award-winning BBC crime thriller Luther will be remade in India. The Indian version of Luther, which is yet to be titled, will be developed and produced by Aditya Birla Group’s Applause...

Television Production House Fiction
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/23/KANAN.jpg?itok=xIlOrlYR
Disney's Kanan Dave to join digital agency Entropy

The Walt Disney director music and marketing Kanan Dave is all set to join Reliance entertainment co-owned digital marketing agency Entropy.

Television TV Channels People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/23/MPAA.jpg?itok=ChNeCzVs
MPA report: media rights for Cricket to reach us$2 billion worldwide by 2021

Global media rights for cricket topped US$1 billion for the first time in 2018 and will likely top US$2 billion in 2021, according to a new report published today by Media Partners Asia (MPA).

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/23/Mehraj_Dube.jpg?itok=-MYzge9s
Zee Media VP Mehraj Dube joins ABP News

Zee Media VP Mehraj Dube, that was responsible for managing branding and product innovation activities, has now joined ABP News as head of marketing.

Television TV Channels People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/23/1.jpg?itok=CdR4IIyx
TRAI tariff order will help increase ZEEL's earnings from under-monetised regions: CMO Prathyusha Agarwal

The Telecom Regulatory Authority of India (TRAI) has successfully rolled out its new tariff order (NTO) with the underlying objective of making the system more transparent and effective, giving the consumer the choice of channels as per their requirements and budgets.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories