cover image: Constituent Assembly of India (Legislative) Debates  Proceedings other then Questions and Answers  Tuesday  29th March  1949  Official Report

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Constituent Assembly of India (Legislative) Debates Proceedings other then Questions and Answers Tuesday 29th March 1949 Official Report

1949

Speaker: I IiIime..to inforin the Assembly that up to the time fixed for receiving nominations for the Standing COmmittees for the Ministries of Edcation Law Relief and Rehabilitation and Transport (other than Roads) eleven nominations iu the case of the first five nominations in the caseof the second and ten nominations in the case of the remaining. [...] is to suunnarise brieflar the main questions which have been raised in the report of the Select :Committee and in the Minutes of Dissent regarding the proposals in the Finance Bill and Government's reactions to these questions. [...] Since one cif the main purposes of the Budget proposals which I have placed before the House is to stimulate the formation of capital and invesixnent we consider that to the extent that the Capital Gains Tax reacts upon the funtiming of this motive of capital appreciation it is a hindrance to capital formation.- Secondly the whole justification for a tax of this kind'from the budgetary point [...] But we think that the time has come to extend the export duty to this class of jute largely for the reason that there is at present great shortage of jute and we feel that it is necessary in the interests of the consmers in this country that a certain amount of restriction should be put upon the export of this class of jute from the country. [...] Some of it may have been borrowed money but if the honourable the Finance Minister analyser the position from records in the archives of the Finance Ministry he will find that most of it is due to the British idea of conquest of Asian countries and palming off the expediture to India.
government politics public policy
Pages
51
Published in
India
SARF Document ID
sarf.100003
Segment Pages Author Actions
Frontmatter
i-i unknown view
Constituents Assembly of India (Legislative) Debates
2039-i unknown view