15 Dec 2017
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Dr. Subhash Chandra, Member of Parliament, Rajya Sabha and Chairman – Essel Group welcomes the GST Bill while addressing the Rajya Sabha

MUMBAI: Dr. Subhash Chandra, Member of Parliament, Rajya Sabha and Chairman – Essel Group today welcomed the GST Bill while addressing the Rajya Sabha for the first time.

Compilation of his tweets on GST are as follows:

  • 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 
  • 2000 years ago, India’s contribution to the world GDP was 32%, which came down to 4.2% in 1950 
  • In 1950 India’s share in world manufacturing went to as low as 1.7% & international trade during British regime fell from 20% to 1.4%
  • We understand why this happened, because British wanted to rule us for a longer time and take our wealth to their country
  • But 70 years after their exit have our economic conditions improved at the same rate as that of global standards? 
  • GDP in 1950 was 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 our growth has been negative 
  • 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 1%, this clearly shows that poor became poorer and 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 our country
  • I also quoted Shri Rajiv Gandhi ji’s speech, which he made on 28 Dec 1985 during Congress Centenary celebrations 
  • राजीव जी में कहा था की इंदिरा जी ने ही उन्हें स्वयं कहा था की ओछापन और स्वार्थीपन ने समाज के मूल ढाँचे में दरार डाल दी है 
  • Smt. Indira Gandhi ji’s Bees Sutri karyakram was also a phenomenon as great as GST but the system failed her and also the revolutionary step 
  • 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 our country there is lot of indirect tax that is born 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 
  • Many leaders in the opposition candidly told me “मोदी काम तो ठीक कर रहा है, अगर वो कामयाब नहीं हुए तो कोई भी नहीं हो सकता” 
  • I’m thankful to Shri @naqvimukhtar and other parliamentarians for their encouragement in my first speech in Rajya Sabha