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The federal government has spent round Rs 100 lakh crore on infrastructure improvement and social sector programmes over the past eight years, authorities sources mentioned.
Citing an RBI report, sources mentioned that the full developmental expenditure by the central authorities was a whopping Rs 90,89,233 crore (Rs 90.9 lakh crore) throughout 2014-15 to 2021-22.
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Earlier this month, former finance minister P Chidambaram had identified that the federal government below Prime Minister Narendra Modi collected Rs 26.5 lakh crore from gas tax collections between 2014-2021 however the complete outgo on free meals grain, money allowances to girls, PM-KISAN and different money transfers is ?not more than Rs 2,25,000 crore ? which is lower than the annual gas taxes collected by the Centre alone.
The numbers posed by the previous finance minister fall manner wanting the mark as improvement expenditure was practically 4 occasions, authorities sources mentioned.
Sharing particulars of expenditure, sources mentioned, this included greater than Rs 26 lakh crore within the type of capital expenditure to modernise infrastructure and create productive belongings, Rs 25 lakh crore for meals, fertilizer and gas subsidies, and Rs 10 lakh crore on social companies comparable to well being, schooling, inexpensive housing, and so forth.
It’s clear then, that the collections from the gas tax have been put to good use as developmental expenditure, sources mentioned, including, it’s unlucky {that a} former Finance Minister would miss out these primary knowledge factors.
Taking to Twitter, Chidambaram had final week mentioned that within the eight years of the Modi authorities, the central authorities collected Rs 26,51,919 crore as gas taxes.
“There are roughly 26 crore households in India. Which means from each household the central authorities has collected, on common, Rs 1,00,000 as gas tax!” the previous Union finance minister mentioned.
“Ask your self, what did a mean household get in return for paying this enormous quantity as gas tax?” Chidambaram mentioned.
Charges have been elevated throughout the nation and range from state to state relying upon the incidence of native taxation.
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