Tax daata and Anna daata case study;:

1) Basavaraj is an Engineer. Worked hard to get to manager level. Now he earns ₹21 lakh Rupees per year.
His take home salary is ₹15.75 lakh after paying ₹5,25,000 in taxes to the goverment. On top, he pays indirect taxes like GST, cess..
2) Baljit is a farmer. Worked hard on his big 12.6 hectares farm. He earns ₹15.75 lakhs per year.

Pays ZERO direct income tax. Keeps 100% of his income to himself, while enjoying many benefits from the govt in the form of subsidy, MSP..

Of course pays GST & other indirect tax.
3) Tax Daata Basavaraj who pays most of the expenses of army, irrigation, road building, police, hospitals, schools etc. with his (& company's corporate tax), is viewed with disdain,while Anna daata Baljit who pays only a fraction of tax (GST..), is glorified when blocking roads!
4) Tax daata Basavaraj never disrespects anna daata Baljit, but the reverse may not be true, at least looking at the news from farmer "protests".

Read this well narrated #ET article for further insights.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Kiran Kumar S

Kiran Kumar S Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @KiranKS

30 Dec 20
1) PM @narendramodi would be remembered by the future generations as the head of a government which built the largest railway infrastructure in India, since the British left in 1947!

Read further for highlights of the super impressive #DedicatedFreightCorridor in below tweets.
2) Dedicated Freight Corridor or #DFC is a total of 2843 km in length in two branches.

1839 km Eastern DFC From Sohnewal in Punjab till Dankuni in West Bengal.

1500 km Western DFC from Dadri in Uttar Pradesh to JNPT in Mumbai, Maharashtra.
3) 70% of the freight trains currently running on the Indian Railway network, will shift to the dedicated freight corridors, creating enormous scope for new passenger trains!!

#DFC
Read 7 tweets
29 Dec 20
A gem of an column today in #ET by Praveen Singh Pardeshi.

Some interesting numbers in below tweets on how the new #FarmLaws2020 should help the poor farmers of India big time.

...
1) 80% of India's farms are < 2 hectares. They can become richer by forming Farmer Producer Companies (FPCs).

In Maharashtra 10,000 grape, vegetable & tomato farmers work with Sahyadri Agro Farms, which directly markets their produce to Tesco in Europe. Setup cold storage too.
2) 6900 mandis of India havs monopoly to buy goods from 14,50,00,000 farmer families, and sell to 130,00,00,000 consumers!

In Karnataka, a unified agri market has already led to 5.1% increase in agri goods price, with profit margins of small farmers increasing by 39 to 159%!
Read 5 tweets
4 Dec 20
Some observations on the #GHMCElections 2020:

1) Postal ballots heavily in favour of BJP. Almost 65% of seats had BJP leading during Postal ballot counting. Government workers are turning against the ruling party TRS. This is significant.
...
#GHMC:
2) Cong has less wins/leads than the number of fingers on its hand symbol! Remember Congress ruled undivided AP from Hyderabad for decades.

3) No more screaming of "EVM fraud". BJP increasing its tally by almost 11 fold, even on paper ballots (EVM not used due to COVID)!
#GHMCResults2020:
4) TRS won Telangana in 2014 as a reward for new state. TRS gobbled up TDP & Congress and decimated opposition. So 2018 was a big win.

Now BJP is an alternative to TRS. 2019, 2020 Dubakka & now 2020 GHMC showing results. Clearly, honeymoon period over for TRS.
Read 6 tweets
4 Nov 20
1) In US, all you need is about a dozen big states to become the President. Even there, all you need is coming number 1 (usually 50% votes, but rarely less also will do when more than 2 contestants are there).

That means, you need to win half of these 11 states. Read on...
2) You don't need a single vote in the other 39 states (& DC)! Because winner takes it all in 48 states. So technically you can become the President with just 50% (or close) votes of 22% of states!

California 55
Texas 38
FL 29
NY 29
IL 20
PA 20
Ohio 18
GA 16
MI 16
NC 15
NJ 14
..
3) If Electoral College system is applied to India, all you needed was to win half (or come 1st) in these 6 big states. Don't need a single LS seat from other 22 states & 8 UTs! So can become PM by winning 50% (or less) of 16% of States/UTs.

UP 80
MH 48
WB 42
BR 39
TN 39
MP 29
Read 4 tweets
29 Oct 20
1) Check the five areas which PM @narendramodi highlighted in his #ET interview, as indicators of an Economic revival. His interview is full of facts, figures and optimism. Loved it!

More from his almost three page interview with ET in the following tweets.
2) PM Narendra Modi says: In spite of COVID19 pandemic, India received $35.73 billion FDI between April and August of 2020.

That is 13% higher than the same period in 2019.
#Investment
#Economy
3) Modi also said that between 1947 and 2020 (March), India got only 16,000 ventilators in working condition to hospitals.

Now another 50,000 being added in just a matter of months!

India truly changing in an #AtmaNirbhar way during a global pandemic.
Read 6 tweets
8 Sep 20
I keep criticizing Communist government in China frequently. But here is a thread on the positive side that Communists have created for China.. well the Capitalistic side of those pretending to be Communists on the economy side.

You will be amazed at how fast China has changed.
1) Cashless society: China uses so less cash today, that pickpockets are unemployed! WeChat Pay & Ali Pay are huge.

WeChat is China's largest messaging service today. Owned by Tencent.

Taobao is the world's largest eCommerce site.

42% of the world's eCommerce happens in China!
2) China has over 1000 no cashier or no employee stores now. Businesses adapted to "contactless" sales, much ahead of Corona Virus era.

See this store in Beijing where you can shop & pay in cashless mode, with NO employee. And it is faster and safer!

Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!