This year's central road and infrastructure cess is expected to top Rs. 4.5l crore.
The Agri infra development cess will collect 50k crore.
We are taxing the present very heavily to invest for the future.
1/n
From 2018-19 to now, this allocation to Central road and infra fund has more than quadrupled. It was 90k cr in 2018-19.
#Cess has been the major National capex funder for our country.
2/n
The fuel cess was raised significantly in 2020 by reducing excise duty. This was one of our economic responses to the Covid crisis. Money was moved from divisible central pool to the infra fund.
This was aimed at force-spending on infra. Rapid Asset creation was the goal.
3/n
This thread is on disruption in #Advisory . I am sharing my thoughts and beliefs. I lean on my experience as an advisor and professional. 1/n
Product Selling & #Advisory were jumbled up at the start of the decade. Neither #Advisors nor customers could clearly draw lines. Conflict of interest was high. But, we significantly reduced these in a decade. Now, the system looks set for its most investor centric phase. 2/n
How did this happen? The primary credit goes to our regulation. By removing entry loads in 2009, launching #RIA, forcing all trail revenue models in mutual funds and segregating product selling and #Advisory, #SEBI has achieved way beyond even what investors expected. 3/n