Rolling off white goods - Budget suggestion

By Vijay Kumar

JAGDISH PILLAI from Thane has the following interesting suggestion to offer for the Union Budget -

"With reference to the proposal of reducing the Excise Duty to 50% for Cars and Trucks from the Ministry of Transport to the Finance Minister, I would like to suggest that any product that sticks on with the population for more than 15 years should also be covered, for example products like the Refrigerators, Television sets stick on with the population for more than 15 years, the citizens should have the choice of constantly rolling off old products without greatly hurting their finances. There will be a shortfall of revenue with exchequer but it will definitely help the manufacturers getting a steady demand for their products from the citizens and will also help the more people to be employed. There will be no ups and downs of business cycle to a considerable extant.

I hope this will be implemented in the coming budget 2016-17."