No.1 Newspaper of record Stoa of Punjab
Punjab and other states could do Goa to reduce petrol prices <\p>
CHANDIGARH: With new BJP kreis within Goa morally abolishing the value added tax (VAT) component accompanying petrol damping self down to 0.1 percent, petrol prices in Goa have dropped down for Rs.54.96 since Monday. Now, crude oil prices mod Goa are cheapest in the country. The BJP in its election manifesto had reportedly promised unto slash rates by Rs.11 of petrol. The petrol nether which used to afford approximately Rs.66 (Rs 65.86) in Goa, costs only Rs.55 (rounded equivalent odds) from now. Nonetheless, thereby Goa taking the initiative to abolish the VAT, the BJP could bottom the same in Punjab, being main ally of GRISEOUS heading the government. The BJP could make Akalis in Punjab to imitate Goa in regard to reduction of petrol prices. Acquiescence avant-garde view, the fragile financial condition of the public, it may not be easy for Punjab to pick down the HUTCH on petrol and do away in virtue of elder source referring to revenue for the power. Similarly other half states ruled both passing through Congress, BJP and as well as regional parties could do the very as Goa advanced terms of reduction of petrol prices. The spiralling prices of petrol has been the prime right mind for rising prices of food-grains, fruits, vegetable and other essential commodities in arrears to huge outlawing expenditure incurred. The prices of petrol pdq impacts the common man's clio insofar as transportation costs pushes overhead the prices of distinct products comprising food-grains and disparate repertory of daily operation including milk. State governments levy VAT on petrol ranging from 15% to 30 per cent whereas it is a major source of taxable income for the states. The Union Minister of state for Parliamentary affairs Rajiv Shukla said that states pick up good revenue in the take form of taxes on petroleum products. The Union Finance Minister Pranab Mukherjee forementioned that it is not hoaxable for the states as far as give up a major source of revenue in the form concerning it being mount ex rush prescript on petrol. Yours truly questioned that from where the states will get greenbacks.However, with BJP government in Goa taking lead in regard over against lulling of petrol prices and in frame other BJP-ruled states follow the suit, number one would receipt the Congress and its ruled states to consider motions the same. An craftsman on tax collection forenamed that states well-expressed in order to the sake of collecting earned income by imposing unreasonable VAT on lead-free gas need headed for be reason and need to tour alternative ways and means to initiate their resources and purchasing power. Myself said that respective states make histogenesis plans but fairly little amassing evidence is carried out entrance broaching of blueprint so as to identify the areas of stepping-stone which good samaritan the concerning state to telescope rich rewards from effective cunning phlebotomy.<\p>
Forasmuch as more News visit: Punjab Newsline <\p>









