According to the AAP leader, e-commerce is an online scam that benefitted a select few and it must be investigated
Aam Aadmi Party (AAP) convener Arvind Kejriwal has pledged to take on online retailers. According to a report from Economic Times, Kejriwal, lending his weight behind brick and mortar retailers has called e-commerce as an online scam that benefitted a select few.
Speaking with the newspaper, the AAP leader said, "Investigation is the only alternative left with us. Selling an item which costs Rs20 for Rs18 is no business logic."
Kejriwal, however clarified that his party is not opposed to e-commerce because of its convenience to customers.
The UPA government had cut excise duty on the auto industry to help growth. The tax holiday was extended past its first expiry on June 30, till December 31 by the Modi government.
Cars, SUVs and two-wheelers will become expensive from 1 January with the government deciding not to extend the reduced excise duty rates provided to the sector.
"The government is not extending the excise duty concessions on the auto sector," a senior finance ministry official was quoted by PTI News as saying.
In the interim budget during the previous government, the UPA had cut excise duty on cars, SUVs and two-wheelers. Excise duty was reduced to 24% from 30% in the case of SUVs, for mid sized cars to 20% from 24% and for large cars to 24% from 27%.
The auto industry had shown growth of 10.01 percent in April-November period this fiscal at 1.33 crore units v/s 1.21 crore units in the year-ago period. This came on the back of two years of sales slump. In November, car sales in India rose by 9.5% in November riding on continued relief in excise duty and lower fuel prices, after declining for two months in a row.
Domestic car sales in November stood at 1,56,445 units, up 9.52% compared to 1,42,849 units in the same month of 2013, according to the data released by Society of Indian Automobile Manufacturers (SIAM).
Maruti Suzuki India Chairman RC Bhargava had said if the incentive is not continued, automobile prices would go up further in the next year. "It could derail the auto industry. If it lapses, then prices go up by 4% and we will have to pass on the burden to the customer," reports said.
According to reports, the Finance Ministry would observe Wednesday as the dedicated day for resolving taxpayer's issues
The Finance Ministry is proposing to reserve one day in a week to redress grievances of taxpayers. An official from the Ministry, who is aware of the development told Economic Times, "It has been decided to observe Wednesday as dedicated day for interaction with taxpayers... Heads of the local tax office would interact with taxpayers".
According to the report, Revenue secretary Shaktikanta Das held meetings with senior officials of the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) to review measures being undertaken as part of better governance by both.
Taxpayers will be able to approach the chief commissioner or commissioner-level officers for any delay in issuance of permanent account number (PAN) or any other grievance on what would be an open day allowing walk-ins. Dedicated camps would be set up off and on to take the tax department close to people as part of taxpayer-friendly initiatives, the report says