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Old 21st June 2005, 19:30   #16
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Originally Posted by navin
mumbai adds 50,000 crore into the country's coffers every year. the budget for mumbai is less than 500 crore. by contrast bihar gets 100 times more that mumbai and does not add 1% of mumbai to the national exchequer.
So much for the socialist democratic regime :-( Governments, year after year, have been offering freebies for votes, making the society so complacent that we now expect government to do everything for us, and that too for free. Free electricity, free rice, free loans(?), free travel, free education, free house.
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Old 21st June 2005, 19:33   #17
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Bangalore rate: 47.92 for normal. 48.95 for premium.
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Old 22nd June 2005, 00:47   #18
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The reason for different prices is because of tax structure
thats why VAT was introduced to make the feild equal.

however again there was politics & VAT was highlighted as a worst thing in indian economy
there was a detailed article about it in Outlook

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