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Showing contexts for: parallel economy in Further Discussion On The Finance Bill, 2003. (Continued €“ Not Concluded). on 29 April, 2003Matching Fragments
इसके साथ-साथ मैं एक और प्रार्थना करना चाहूंगा कि Please give chance to the people. Many people belonging to Surat, Bhiwandi and also people from both Northern and Southern India have come and met us, हमे पता है क्योंकि सिस्टम ही ऐसा है। इनमें से अनेक लोगों ने अपने लूम, अपने कैपिटल इन्वेस्टमैंट को डिस्क्लोज नहीं किया है। इन लोगों को दो प्रकार की चिंता है। एक्साइज की चिंता तो है ही लेकिन वे कहते हैं कि अगर बुक्स में मैं एक्साइज दिखाने जाऊंगा तो Income Tax Officers will come and ask us.कि इन्वेस्टमैंट किसका है। अभी तक आपने बेनामी रखा है। We have to accept that. एक दिन में सभी स्वीकार नहीं होते हैं। That is why, the hon. Finance Minister, while replying to this debate, should declare a special package for the powerloom and the readymade garments sector. वह आज आना चाहता है। टैक्स नेट में आप आना चाहते हैं। आप क्लेरिटी नहीं करेंगे तो सी.बी.टी.डी. और इनकम टैक्स आफिसर उनके पास जायेंगे और उन्हें सतायेंगे। उसके बदले आप आज इसे स्पष्ट कर दें Otherwise also it would not be in the accounts. It would remain in the parallel economy. Let them come once for all जैसे आपने वी.आर.एस. निकाली है। इस सैक्टर के लिए स्पेशल पैकेज है कि आपके जितने भी लूम हैं, आपका इन्वेस्टमैंट है, कैपिटल इन्वेस्टमैंट है, एक बार बुक में दिखा दें तो There would not be any investigation. इसके बाद आपको इनकम टैक्स उसके ऊपर मिलेगा, एक्साइज मिलेगा। मुझे विश्वास है कि माननीय वित्त मंत्री जी टैक्सटाइल सैक्टर की जो दो तकलीफें हैं, उन पर ध्यान देंगे।
Sir, what about the black money? Nothing has been said in the Budget or in the Finance Bill itself in this regard. Now-a-days, black money has become a parallel economy in our country. The development of this unaccounted money is a danger to our nation, but nothing has been said about the black money. What measures the Government is going to take to recover black money from this country? Now-a-days, this should be given paramount importance.
About the customs duty and excise duty, it is evident and it is revealed that our Government has given some sort of commitment to the WTO and therefore, they have reduced the customs duty in pursuance of their commitment to the WTO. There are so many other countries which have joined WTO, but they are protecting their own domestic small industries, but our Government would not. Our Government is so loyal to the WTO that beforehand, they are going to implement their conditionalities. They have given a commitment about foreign liquor to the WTO. So, they have reduced customs duty on foreign liquor from 182 per cent to 166 per cent. On the contrary, they have reduced excise duty on tyres, soft drinks, air-conditioners, motor cars etc. They have imposed duty on edible oil, vanaspati, black and white televisions, papers, and reduced rate of interest on provident fund and small savings.