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Now Turning to the cities and metros
We all concede that we are facing a downturn in economy.

Govt has tried to cut taxes for industry and brought it down to 22% for existing companies and !%7 for those coming up after oct1 .

Private sector is happy.

Similarly putting money in hands of Govt and PSU employees by DA increase of 4% is likely to boost urban

spending

There is stronger need to cut GST rates to 5 and 12% . !8% 28% are high .

Singapore has 7%.

Income tax slabs need to be raised atleast to 12000 zero tax.

These will bring back spending and boost growth.

Tax administration need to be humane with no witch hunting of middle class

[QUOTE="krish44, post: 439198, member: 43485"] Now Turning to the cities and metros We all concede that we are facing a downturn in economy. Govt has tried to cut taxes for industry and brought it down to 22% for existing companies and !%7 for those coming up after oct1 . Private sector is happy. Similarly putting money in hands of Govt and PSU employees by DA increase of 4% is likely to boost urban spending There is stronger need to cut GST rates to 5 and 12% . !8% 28% are high . Singapore has 7%. Income tax slabs need to be raised atleast to 12000 zero tax. These will bring back spending and boost growth. Tax administration need to be humane with no witch hunting of middle class [/QUOTE]

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