Achi news desk-
Congress General Secretary Jairam Ramesh
– Photo: PTI
expansion
Ahead of the third phase of the Lok Sabha elections, Congress secretary Jairam Ramesh on Saturday made serious allegations against the Modi government. According to him, under the Modi government, 21 billionaires and huge corporations got tax cuts, but salaried people, the middle class and workers pay more income tax than before. According to him, when Dr. Manmohan Singh left office, the personal income tax was 21% of the total tax collection, while the corporate tax was 35%.
Two days before the Udi Modi event, the Center announced huge corporate tax cuts, causing a loss of Rs 2 lakh crore to the finance ministry, Congress leader Jayaram claimed in a Twitter post. He claimed that today the share of corporate tax in the total tax collection has dropped sharply to the lowest level in a decade and stands at only 27.1 percent. At the same time, the share of personal income tax in the total tax collection increased to 27.4 percent.
Private investment fell by 29% under the Modi government
The General Secretary of the Congress said, without an increase in private investment, the gross domestic product (GDP) could not accelerate. While the Minister of Finance claimed that these company sheets would lead to such a boom. Instead, private investment fell from a peak of 25% of GDP under D According to R. Manmohan Singh, it fell below 29 percent during the entire tenure of the Modi government.
