Current Affairs

We Failed To Get Concessions: Narvekar

Former Finance Minister of Goa Dayanand Narvekar while opining that the budget presented by Union Finance Minister Pranab Mukherjee was a “good one” blamed the government for failing to get any special concessions for Goa.
“It is a good budget, but everything that is good will be taken away by the inflation plaguing India,” he said.
He pointed out that the budget does not offer anything for Goa and blamed the State government for failing to press upon the Centre for Special Status for Goa.

“If we were granted Special Status we too would get special budgetary allocations like North East States and Jammu-Kashmir,” he said.
According to Narvekar, the focus on health and education is good, but he said the raising of the bracket to Rs 1,80,000 for exemption from Income Tax should not be considered as much of a relief.
While appreciating the 4 per cent interest based subsidies in the agriculture sector, Narvekar also welcomed the reduction of age for senior citizens for tax reliefs.
However, he said the Goa government though will need to address the concerns that will arise from the mining sector and especially the tourism sector with the budget hotels with Rs 1000 per night room rate as well as restaurant/bars with air-conditioning coming under the service tax ambit.

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