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

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/04/07/nba.jpg?itok=IrvpjWl5
NBA deplores Congress president Sonia Gandhi's suggestion to ban media ads

MUMBAI: The News Broadcasters Association (NBA) has strongly deplored the suggestion by Congress president Sonia Gandhi to "impose a complete ban on media advertisements - television, print and online - by the government and public sector undertakings (PSUs) for a period of two years". At a time...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/04/07/dangal.jpg?itok=ootDYB4x
Dangal TV airs ad-free episodes of ‘Chandragupt Maurya’

MUMBAI: Hindi GEC Dangal is all set to air ad-free episodes of its historical drama Chandragupt Maurya in order to boost its audience’s mood during this lockdown. Keeping in mind the true fighting spirit of Indians, in this stressful and adverse situation, the channel will air ad-free episodes of...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/04/07/news18.jpg?itok=pFy16Q1i
Network18's special initiative Corona Control Room on News18 India

MUMBAI: Network18 has introduced corona control room, which will provide viewers an opportunity to address any queries that they may have on coronavirus. Under a special programming on the COVID-19, the channel has come up with the corona control room initiative, which enables people to call up and...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/04/07/abp.jpg?itok=07vXhyFZ
ABP News Network asserts digital dominance

MUMBAI: ABP News Network (ANN) has witnessed a massive consumption uptick on its digital platforms, owing to the strong, round-the-clock coverage on COVID-19. Garnering the trust of billions, the digital arm of ANN has become a credible choice for the viewers in every major news week. 

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/04/07/asianet.jpg?itok=XnfLCJyV
Asianet airs humorous programme amid lockdown

MUMBAI: Asianet, for the first time in the history of Malayalam television, has started telecasting a humorous programme, "veendum chila veettuviseshangal," with the help of new advanced technologies like Zoom. This is in the wake of the ongoing lockdown, which has halted the shooting of all the...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/04/07/cintaa.jpg?itok=KwwBjABy
CINTAA seeks donations to help film, TV artists amid COVID-19 crisis

MUMBAI: The cine and TV artistes' association (CINTAA) has appealed to the masses and its A-lister members to donate rations and funds for the benefit of film and TV artists who have lost their livelihood amid the ongoing 21-day lockdown.

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/04/07/zee.jpg?itok=HpAClYIQ
ZEE Media Group comes forward to help DTH/Cable Operators

These are unprecedented times. As the world battles a global contagion, India, the second-most populous country in the world is fighting the lethal disease and all necessary steps are being taken by Indian authorities to prevent this virus from spreading further.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/04/07/punit-800.jpg?itok=FOY4LWc2
ZEEL to offer financial relief to 5000+ daily wage earners

Media & Entertainment Powerhouse ZEE Entertainment Enterprises Ltd (ZEEL), as part of intensifying its fight against Covid-19, has committed to offer financial relief to over 5000 daily wage earners, working directly or indirectly for the company in its overall production ecosystem.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/04/07/ABP%20News.jpg?itok=c2Gk-bQ_
ABP News Network's positive initiatives around COVID19

MUMBAI: ABP News Network channels have been implementing an effective strategy to mitigate the impact of COVID-19, and create a positive environment through its initiatives. The channels under its banner are ABP News, ABP Majha, ABP Ananda, ABP Asmita and ABP Ganga.

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required