International Development News
Development News Edition

GFP questions Goa govt's move to cut road tax on new vehicles


GFP questions Goa govt's move to cut road tax on new vehicles

The opposition Goa Forward Party (GFP) on Wednesday questioned the BJP-led state government's intention behind its decision to slash road tax on the purchase of new vehicles, and said it would further hurt the economy. In a bid to boost demand in the auto sector battling downturn, the state cabinet, chaired by Chief Minister Pramod Sawant, announced earlier in the day that road tax would be slashed by 50 per centon the purchase of any type of new vehicles for a period of three months, till December 31.

Talking to reporters, GFP vice president Durgadas Kamat said the decision would further affect the economy of the state, which is already crumbling due to the closure of the mining industry and sluggishness of the tourism sector. He pointed out that the Reserve Bank of India (RBI) report on the state's finances has pegged Goa's debts at Rs 22,500 crore.

"This means every citizen in the state owes liability of Rs 1.40 lakh...In such a situation, how far is it justified to slash road tax?" Kamat asked. He also sought to know the real beneficiaries of the move. "Is it for the vehicle dealers, deal makers, agents or common man? If it is for the common man, then why the decision is not with retrospective effect, that is from April 1?" he asked..

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

How music can help expectant mothers during pregnancy

Music provides pleasant ambience for all but its more important for expectant mothers as besides ensuring pleasant environment for them it also directly and indirectly influences the unborn babies. There are various scientific findings to c...

EdTech: A technical approach to flexible and cost-effective education

Its hight time for the world to go for innovative approaches like e-learning over traditional learning methods that need physical infrastructure, long-term planning, and huge investment. ...

Our school campaigns are our strongest ally: Joaquin Antuna, founder of Peace and Cooperation

Joaquin Antuna is the founder of Peace and Cooperation, a Spanish NGO which was nominated as peace messenger by the United Nations in 1986. Antuna is of very firm opinion that in order to have an incisive impact on the community we live in,...

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

Videos

Latest News

Tennis-Canada see off Australia to reach Davis Cup semis

Canada booked their place in the Davis Cup semi-finals as Vasek Pospisil and Denis Shapovalov won the deciding rubber against Australia on Thursday. The 150th-ranked Pospisil, who has had an inspired week in Madrid, gave Canada the lead by ...

Restaurant group sues California city over ban on new natural gas connections

Californias restaurant industry sued the city of Berkeley on Thursday, arguing in court papers that its ban on natural gas in buildings will harm eateries by increasing costs and preventing them from preparing many sought-after ethnic delic...

Soccer-Maradona to stay on at Gimnasia

Diego Maradona decided to stay on as coach of Argentine club Gimnasia y Esgrima in a surprising about turn on Thursday, two days after saying he was leaving his job at the struggling first division side.Hes going to continue at Gimnasia, Ma...

UPDATE 1-Unhappy fans cannot sue over Mayweather-Pacquiao bout -U.S. court

A U.S. appeals court on Thursday said boxing fans who felt cheated after learning that Manny Pacquiao had been injured before fighting Floyd Mayweather Jr. cannot pursue class-action litigation because the 2015 welterweight bout dubbed the ...

Give Feedback