GECs
Subhash Chandra hails GST, seeks new tax system & ease of doing biz
MUMBAI: Essel Group chairman and Rajya Sabha MP Dr. Subhash Chandra has welcomed the GST Bill while addressing the Upper House of the Parliament for the first time.
Dr. Chandra is an independent RS member from Haryana. ZEE, as a brand today, has achieved a global recognition, reaching over a billion viewers in 171 countries.
A compilation of his tweets on GST:
Today, I gave my maiden speech in Rajya Sabha and participated in the GST Bill debate.
I congratulate the govt, Prime Minister Shri @narendramodi ji and FM Shri @arunjaitley ji for bringing this historic GST bill. Since independence we’ve been hearing from almost everyone that we need to work for welfare of common man and uplift the poor class, he said.
2000 years ago, India’s contribution to the world GDP was 32%, which came down to 4.2% in 1950, when India’s share in world manufacturing went to as low as 1.7% & international trade during the British Raj fell from 20% to 1.4%, he added.
We understand why this happened, because the British wanted to rule us for a longer time and take away our wealth, he said. But, 70 years after their exit, have our economic conditions improved at the same rate as that of global standards?
GDP in 1950 – 4.2% – was reduced to 3.2% in 1980, and now in 2017 it has reached around 7.5%. Manufacturing in 1950 was 1.7%, 3.2% in 1980, in 2015 it was 4% while global trade was 1.3% = 1950, 0.5% = 1980 & now 1.7%.
If we compare these statistics with the growth in India’s population, then we see that since 1950, India’s growth has been negative, he added.
From 2000-2015 India earned income of 2.23 trillion dollars, of which 81% wealth went to 10% of the population & 19% to the rest 90%. Astonishingly, 58% wealth of the 154 lakh crore went to the top one per cent, which clearly shows that poor became poorer, and the rich became richer.
GST is of course a great measure but it is just the first step, we need to do lot more to eradicate poverty from India.
We need to reduce the tax structure that will further motivate people in paying the taxes and govt can then do away with penal provisions.
Due to lack of Ease of Doing Business in India, there is lot of indirect tax that is borne out of corruption, we should also address it. In the time to come, we need to think beyond GST, start a new taxation system & not just replicate the global ones.
GECs
Samsung TV Plus launches Kings of Comedy channel
New free FAST channel brings iconic Hindi comedy shows to millions of Samsung Smart TV owners.
MUMBAI: Samsung TV Plus has just turned up the laughter volume and it’s completely free. The leading free ad-supported streaming television (FAST) service in India has launched Kings of Comedy, a premium comedy channel featuring some of the country’s most beloved primetime shows. Available exclusively on Samsung TV Plus, the channel delivers back-to-back hits including Comedy Nights with Kapil, Khatra Khatra Khatra, and Comedy Nights Bachao, with no login or subscription required.
The launch marks a milestone for free streaming in India, offering audiences a dedicated comedy destination directly from their Samsung TV home screen. It arrives as Samsung TV Plus India celebrates its 5th anniversary, during which the service has grown its monthly active users by 42 per cent and more than doubled its total viewing hours. The platform now offers over 180 free channels across 14 languages.
Samsung TV Plus India general manager and head of business development Kunal Mehta said, “Comedy is the heartbeat of Hindi entertainment, and Kings of Comedy brings together the shows Indians already love, completely free on their Samsung TV. Our focus remains the same take the content people know and make it effortless to access.”
Globally, Samsung TV Plus has surpassed 100 million monthly active users across more than 4,500 channels, solidifying its position as one of the world’s leading free streaming services.
Kings of Comedy is now available on all compatible Samsung Smart TVs. For viewers seeking non-stop laughter without any cost, this new channel delivers a royal treat proving that sometimes the best entertainment really does come with no strings (or subscriptions) attached.
