Wisdom Talks
8 months 2 days ago
Dear Sir/Mam,
1. Kindly consider 1% to 2% fee on Digital transactions (indirect) to raise Government revenues. The amount collected may than be utilised for Government expenditures, railways, infrastructure, other Capital expenses, modernisations, etc.
2. Also, DBTs to PMJDY accounts can generate a multiplier effect of nearly 2.33 in Economy, considering Marginal Propensity to Consume of 0.7 for India. The DBTs can be recovered through indirect taxes, GST revenues,etc. to make for the Government expenditure on DBTs. Calculation : (1/(1-MPC 0.7))* MPC 0.7 * DBT Amount, which a multiplier effect of approximately 2.31 in Economy.
Regards.
Like
(0)
Dislike
(0)
Reply
Report Spam