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Thursday, September 18, 2014

Bleak financial management


The Kerala government hiking taxes on liquor and tobacco products, water charges, land registration and stamp duty in a bid to tide over a financial crunch is deadly against the interest of common people of Kerala. Any hike in tax would definitely affect all people and not alone the rich as the CM  claimed. A company chairman staying in a  VIP suit of a luxury hotel or travelling in VIP class, meets the expense by selling the company product mostly to common people. This means a learned minister saying that ‘hiking plane ticket will not affect common man’ is absurd 

The new tax burden of over Rs.2,000 crore now placed on Kerala people has no justification as it is outside the budgetary provisions. The many time Finance Minister K M Mani has proved once again that his financial management is utterly hopeless.

It is learnt that the CPM planned launch a massive protest against the present tax hike. This would mean that Mani’s last wish to become the CM of Kerala has met with an abrupt end.


K A Solaman

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