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Modi's 'Make in India' push to depend on Chinese steel


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RAKESH SINGHAI
MAKE IN INDIA
by RAKESH SINGHAI on Nov 23, 2014 06:07 PM

The simple thing required for make in india a success is to eliminate excise duty ,for the products we want to promote.
the word excise means a way to curb production.it is used for only offensive products like tobacco,liqour ,which any country wants to discourage.
Why should there be a excise duty on steel.it is most fundamental input for other industries as well as for construction.similarly cement.

Government should start cutting excise duty on basic products every month and see the giant push to economic activity.
Like it happened with income taxes,overall revenue would go up despite cutting taxes.
Even if it does not go up and there is budget deficit,it will have no impact on prices.prices of manufactured products would start falling immediately when duties on steel and cement etc are cut.

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