Pro People Move from Narendra Modi Government - Big Boost ahead of 2019 General Election
The central government in india has recently announced a series of steps to help farmers, small business owners and the middle class families.
"They will be for development, they will be for transformation," Ravi Shankar Prasad, the minister for law, justice, and information technology, told Parliament this week.
"Who wins or loses, the people will decide. We are confident when elections happen, the country's public will again give a big majority to the ruling coalition led by Narendra Modi."
Boost for Small Scale Businesses
The government on January 10 announced a change in Goods and Services Tax (GST) rules that would exempt an additional 20 lakh small businesses. Businesses with annual sales of up to Rs. 40 lakh will be exempt from GST. Currently, firms with an annual turnover of up to Rs. 20 lakh are exempt. The change will come into effect in April.
Boost for farmers, the backbone of India
PM Modi is considering three options for a relief package to help farmers suffering because of low crop prices at a cost of as much as Rs. 3 lakh crore, according to sources. The possibilities are a direct payment to all landowning farmers, compensation for those who sold produce below government prices, and a loan forgiveness programme.
Job and Education reservation
Parliament passed a much public praised bill on Wednesday reserving 10 per cent of government jobs for economically backward people. Under the amendment to the constitution, people with an annual income of less than Rs. 8 Lacks, and owning less than five acres of land, would be eligible.
The government on December 28 doubled export incentives for onion farmers to 10 per cent. The export incentive programme allows farmers to get credit from the government, which can be used to pay various taxes.
The government said on December 26 it would ban e-commerce companies such as Amazon.com and the Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest. The rule will be applicable from February 1, 2019
Sales Tax Reduction
On December 22, the government slashed the sales tax rate on more than 20 items - including televisions, batteries and movie tickets - aiming to appeal to traders and the middle class.