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Forgo extra tax to bring fuel price down: Asim

Former state finance minister Asim Dasgupta today claimed that the state government can bring down the price of petro-products if the government agreed to forgo the extra revenue it will earn from the hike in the price of petro products.

Written by Express News Service | Kolkata | Published: July 27, 2012 3:46 am

Former state finance minister Asim Dasgupta today claimed that the state government can bring down the price of petro-products if the government agreed to forgo the extra revenue it will earn from the hike in the price of petro products.

At a press conference,Dasgupta said: “The state government can easily bring down the price of petro-products if the state government is ready to forgo the additional revenue the government will earn from the price hike of petrol products. Earlier,the Left Front government did not collect taxes on petro-products and lost an additional revenue of Rs 450 crore. It,however,provided relief to consumers in this way and the present government can also do that. “

Dasgupta added,“Some of the facts the state government is stating appears to be misleading. According to budget document of the state government,its projected revenue for this financial year is Rs 1 lakh crore. However,the state government’s expenditure is Rs 66 crore including the salaries of the government employees and the interest of the loan to centre.”

“Moreover,in the budget document,it has also been stated that the planned expenditure of the state government is Rs 25000 crore. So,it appears that after using the revenue for all kinds of expenditure,the government will have money left in its exchequer. And the government’s expenditure is way below the receipt of revenue,“ added Dasgupta.

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