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#Genius #MasterStroke 81,000 Cr LOSS/yr
CANNOT MAKE THIS SHIT UP!
Govt Introduces a #POLICY estm to SAVE Rs 36,000 Cr/Yr in #Forex
BUT To SAVE Rs 36000 Crore, the Govt & Indian Public are SPENDING 300% or 117000 Crores more 😳
= 81,000 Cr LOSS/yr
#Thread on A #MasterStroke
CANNOT MAKE THIS SHIT UP!
Govt Introduces a #POLICY estm to SAVE Rs 36,000 Cr/Yr in #Forex
BUT To SAVE Rs 36000 Crore, the Govt & Indian Public are SPENDING 300% or 117000 Crores more 😳
= 81,000 Cr LOSS/yr
#Thread on A #MasterStroke
#Modinomics decided in 2020/21 to Introduce the 20% #Ethanol Blending (Petrol) Policy.
Intention of the Policy designed by the @NITIAyog was to save India Rs36,000 in FOREX & help the Environment
Link to the document niti.gov.in/sites/default/…
Intention of the Policy designed by the @NITIAyog was to save India Rs36,000 in FOREX & help the Environment
Link to the document niti.gov.in/sites/default/…
BUT AT WHAT COST ?
FIRST: Every litre of Ethanol, Govt India will lose Rs15-20 in Tax Collections since:
👉Cost of Procuring PETROL is Rs45/lt
👉Cost of Procurement of ETHANOL is Rs65/Lt
👉Difference is Rs20/lt is LOSS IN TAX REVENUE
1020cr Ethanol = 20400cr in Tax Losses/Yr
FIRST: Every litre of Ethanol, Govt India will lose Rs15-20 in Tax Collections since:
👉Cost of Procuring PETROL is Rs45/lt
👉Cost of Procurement of ETHANOL is Rs65/Lt
👉Difference is Rs20/lt is LOSS IN TAX REVENUE
1020cr Ethanol = 20400cr in Tax Losses/Yr
