REFORMS IN TAXATION

Today suddenly it crossed my mind that why should the govt should lose some tens of thousand crore rupees for giving different type of tax incentives to develop industries in backward areas.I started introspecting whether it is worth losing and is it leading to any good for the common people of the country.Okay if we take it that it leads to lots of employment as investment is coming in.I think there is really a need to study how much employment these companies are really bringing in and its impact for the local people.I hope there is lot of heavy machineries installed instead of local employment.The next point what type of deviance are we giving for some industry which we are pushing to put themselves in a uncompetetive place.Fine on the other hand the amount of money lost in these tax benefits can be invested in the social indicators of these local people who are disadvantaged by their locality will be more fruitful in their development. I think in this globalised world we should also think more smarter collectively as a country to win the world.In the case of backward areas we should think over in developing those areas by finding out those suitable type of development in livelihood like livestock or the special type of agri products can be technologically supported and can be helped to be marketed to the outside world that will make it more a inclusive growth of all the parts ad people of our country.