Wednesday, 30 March 2011

UPA Rule: Only to Favour Corporate Monopolies

When People are thrown into the fire of Price Rice, Unemployment and all sorts of miseries induced by the moribund capitalism and globalisation policies, UPA Government led by Congress at centre is writing off crores in favor of corporates under various taxes.

(Rupees in Crores)



2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
Corporate Income Tax
34,618
50,075
62,199
66,901
72,881
88,263
Excise Duty
66,760
99,690
87,468
1,28,293
1,69,121
1,98,291
Customs Duty
1,27,730
1,23,682
1,53,593
2,25,752
1,95,288
1,74,418
Total
2,29,108
2,73,447
3,03,260
4,20,946
4,37,290
4,60,972








This is excluding the thousands of crores of debts and loans written off in favor of corporates by public sector banks. The same administration laments on lack of money to provide subsidies to common men or to provide relief measures to fight price rise. For Whom this Government Stand for?

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