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Tax rich, invest more in agriculture , health: Left

Tax rich, invest more in agriculture , health: Left
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First Published: Sun, Feb 04 2007. 05 06 PM IST
Updated: Sun, Feb 04 2007. 05 06 PM IST
New Delhi: Left parties have asked the Government to take “decisive steps” to meet earlier commitments made in the National Common Minimum Programme like stepping up investment in agriculture and higher spending on education through adequate outlays for the Central Plan and mobilising resources through taxation of corporate profits and gains.
The Budget should also demonstrate the political will to mobilise resources, primarily through taxation of burgeoning corporate profits, capital gains and wealth, said the Budget proposals of the Left parties that were submitted to Finance Minister P Chidambaram yesterday.
There are at least six areas in which specific commitments have been made in the NCMP and the fulfillment of which require substantial fund allocation, it said.
These include increasing public investment in agriculture, spending 6 per cent of GDP on education, spending 2-3 per cent of GDP on health, ensuring social security for workers in the unorganised sector, universalisation of ICDS and providing at least 100 days of employment guarantee for at least one able-bodied person in every rural, urban poor and lower-middle class household, it said.
For Central Plan Outlay and resource mobilisation, the wishlist called for gross budgetary support to the Eleventh Plan to be increased by at least one per cent of GDP in Budget which should be over and above a 14 per cent increase in Plan expenditure from what was incurred in the last Budget.
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First Published: Sun, Feb 04 2007. 05 06 PM IST