The war of words between alliance partners BJP and Shiv Sena is getting uglier day by day and it does not appear as if things will become calm anytime soon.
The government recently released income tax data for assessment year 2018-19 (financial year 2017-18). The data highlights a number of interesting facts which the government needs to work upon to improve tax collections and tax efficiency.
Maharashtra election results have been declared. While BJP and Shiv Sena alliance has been able to retain the state, their performance has been much below expectations. NDA has won 161 seats, 50 less than poll of polls predicted.
Raj Thackeray’s constant flip-flops, lack of development agenda and hate politics have failed to generate support from the people of Maharashtra reducing him to the statue of a mere paper tiger.
Unless they get their act together, raise public issues, and their leaders demonstrate they are career politicians, they face a very real threat.
Even if the BJP forms the government, by-polls to these 16 seats, could hold the key to the stability of any future government. The loyalty of these MLAs cannot be taken for granted. Additionally, they would extract their pound of flesh.
Along with pro-NDA parties like TRS and YSRCP, who have supported BJP in the past and are mainly anti-Congress, the NDA enjoys the support of 129 MPs.
So, it’s not all black and white. There are a lot of grey areas with respect to the legal provisions. The Speaker, Governor and Courts will play a key role.
With the increase in Internet penetration, social media is likely to play an even bigger role in the upcoming elections. Opposition parties have to pull up their socks and beef up their social media teams and campaigns to take on the might of the BJP.
Zero income taxes would increase the net take home of individuals by 10%-40% depending upon their tax bracket. This in turn will have a huge positive impact on consumption that can in turn boost industry and services growth.
Although, technically there is a 5% tax slab, now with interim budget provisions, income up to Rs 5 lakh would not attract any tax liability. The tax slab of Rs 5 lakh to Rs 10 lakh per annum draws a tax rate of 20% which is very high.
There are five things which Congress needs to do to arrest the decline in its vote share and beat the ‘Congress-mukt Bharat’ plan of the Bharatiya Janata Party. Here they are:
In the Bharatiya Janata Party’s massive victory and the Opposition’s big loss lies a key message: the people of India have outrightly rejected opportunistic alliances, sealed just before elections to grab power.
It has shocked the Opposition, which is now in total disarray. Rumblings of discontent have begun within the Congress. The BJP’s big win has sent all political equations and theories for a toss. Let’s analyse:
The first Lok Sabha elections of Rahul Gandhi as President of the Congress party has not gone well for Rahul. He has emerged as the biggest loser in these elections.
It would be putting it mildly to say that the Congress party put up a dismal show in the 2019 Lok Sabha elections. It just managed to score a half century in these elections, up 8 seats from 2014 tally, to 52.
Prime Minister Narendra Modi is the only prime minister to have come back to power with a full majority since 1971. The BJP is the only party to have retained power with absolute majority since 1984.
The BJP has clearly moved ahead and is no longer a party of Hindi bhaasi people and banias. Its presence is now in nook and corner of the country.
While the exit poll results will be out on Sunday, the past trend suggests the polls could themselves be hung, giving mixed results.