During Modi 1.0, Over Rs. 4.3 Lakh Crore Worth of Tax Concessions Given to Corporates
During its first term at the Centre, the Modi-led Bharatiya Janata Party government provided tax exemptions to corporate entities amounting to a whopping Rs. 4.32 lakh crore, according to Budget documents of various years.
The amount of concessions increased every year from Rs. 65,067 crore in 2014-15 to about Rs.1.09 lakh crore in its last year, 2018-19. On an average, these concessions amounted to about 7.6% of the net tax revenue of the central government.…
In fact, the amount allocated to various key departments this year is less than the amount of concessions given to corporates: department of health and family welfare is planning to spend Rs. 62,659 crore; department of school and literacy, Rs. 56,537 crore; department of higher education, Rs. 38,317 crore; department of drinking water and sanitation, Rs. 20,016 crore, and so on.…
SEE ALSO:
- BJP Received 93% of Corporate Donations Since 2016, Rs 405 Crore From One Trust Alone (Jul 9, 2019, The Wire)
https://thewire.in/politics/bjp-corporate-donations-congress-adr - BJP received max donations from corporates in 2016-18: Report (Jul 10, 2019, India Today)
https://www.indiatoday.in/india/story/bjp-received-max-donations-from-corporates-in-2016-18-report-1565675-2019-07-10 - Yes, it’s BJP that received maximum corporate donations in 6 years: ADR report (Jul 9, 2019, Sabrang India)
https://www.sabrangindia.in/article/yes-its-bjp-received-maximum-corporate-donations-6-years-adr-report - BJP gets 94% share of voluntary donation: ADR report (Jul 9, 2019, India Today)
https://www.indiatoday.in/india/story/national-party-donations-bjp-1565246-2019-07-09
