GG News Bureau
New Delhi, 1st Feb. CPI(M) general secretary Sitaram Yechury questioned the government on the purpose of the Union Budget 2022. Yechury asked why the wealthy have not been taxed further.
The Union budget 2022-23, presented by Finance Minister Nirmala Sitharaman, does not tinker with personal income tax rates. It also does not raise standard deduction, which was widely predicted in view of elevated inflation levels and impact of the Covid-19 on the middle class.
“Budget for whom? The richest 10% Indians own 75% of the country’s wealth. Bottom 60% own less than 5%. Why are those who amassed super profits during the pandemic, while joblessness, poverty & hunger have grown, not being taxed more?” CPI(M) General Secretary Sitaram Yechury asked in a tweet.
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