No hike in tax on common man this Budget: Parrikar

Image
Press Trust of India Panaji
Last Updated : Mar 13 2013 | 7:35 PM IST
Goa Chief Minister Manohar Parrikar today announced that common people will be spared from hike in taxes in the forthcoming Budget and his government would rather seek to bolster revenue collection by exploring untapped resources.
Parrkiar will be presenting Budget (2013-14) in state Legislative Assembly on March 18.
Dismissing the speculations that increase in taxes is in the offing as the state has been reeling under the ban on mining, Parrikar said, "We are not going to increase the tax".
The chief minister said it was the intention of the state government to plug the revenue losses through additional resource mobilisation that includes tapping the unexplored.
"The state government has already began mobilising the additional resources by tapping those sources which were left unattended by the erstwhile Congress government", he said.
Parrikar said the state government had already collected Rs 293 crore as stamp duty from miners and expecting additional Rs 400 crore.
"Stamp duty was never paid by miners as the erstwhile Congress government allowed them to continue with their leases", he said, adding the BJP government has started collecting stamp duty with retrospective effect from 2007, and will continue it for next 20 years.
Without elaborating, Parrikar said the state government has zeroed in on some areas that are untapped for "resource mobilisation".
"I can't share details with you..They are part of my budget", he added.
The chief minister said similar recoveries were due in various other departments, which will account for generation of additional resources.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 13 2013 | 7:35 PM IST

Next Story