{"id":3165,"date":"2014-12-22T12:43:08","date_gmt":"2014-12-22T07:13:08","guid":{"rendered":"http:\/\/teekhapan.wordpress.com\/?p=3165"},"modified":"2014-12-22T12:43:08","modified_gmt":"2014-12-22T07:13:08","slug":"arun-jaitleys-rs-105084-crore-problem-does-not-deserve-a-clean-chit","status":"publish","type":"post","link":"https:\/\/vivekkaul.com\/2014\/12\/22\/arun-jaitleys-rs-105084-crore-problem-does-not-deserve-a-clean-chit\/","title":{"rendered":"Arun Jaitley’s Rs 1,05,084 crore problem does not deserve a clean chit"},"content":{"rendered":"
<\/a>Vivek Kaul <\/span><\/span><\/span><\/p>\n Spoiler alert: <\/b><\/span><\/span><\/span>For those who have not watched <\/span><\/span><\/span>PK<\/i><\/span><\/span><\/span> there is at least one spoiler ahead.<\/p>\n One of the advantages of not being employed is that one can still go and watch a movie when it releases on a Friday morning. And that is what I do from time to time, when all the reading and the writing starts getting to me. Estimating the Revenue Over-Projection in the Union Budget 2014-15<\/b><\/p>\n
\nSo, this Friday I ended up watching an early morning show of Rajkumar Hirani’s <\/span><\/span><\/span>PK,<\/i><\/span><\/span><\/span> on the day of its release. A friend who works the film industry had already told me who or what <\/span><\/span><\/span>PK <\/i><\/span><\/span><\/span>was. So, I wasn’t really interested in finding that out, like a lot of people are. But I did enjoy watching the movie, given that it tackles a very difficult subject of religion, god and godmen and what they mean to each one of us, in a very upfront manner.
\nThe most surreal moment in the movie is when after a bomb blast, the immortal words written by Sahir Ludhianvi, set to tune by Khayyam and sung by Mukesh, from the movie <\/span><\/span><\/span>Phir Subah Hogi,<\/i><\/span><\/span><\/span> start playing: \u201c<\/span><\/span><\/span>Aasman pe hai khuda aur zameen pe hum. Aaj kal wo is tarf dekhta hai kum<\/span><\/i><\/span><\/span><\/span><\/span><\/a>\u201d.
\nI don’t know if the finance minister Arun Jaitley was able to watch <\/span><\/span><\/span>PK <\/i><\/span><\/span><\/span>over the weekend, but if he did, he would be definitely complaining that the \u201ceconomic god\u201d seems to have abandoned him and his government.
\nOn Friday i.e. December 19, 2014, the ministry of finance released the <\/span><\/span><\/span>Mid-Year Economic Analysis <\/span><\/span><\/span><\/span><\/span><\/a>for this financial year. On page 6 of this report is a very interesting table. As per this table the government has overestimated the tax revenues this year to the extent of Rs 105,084 crore. This has primarily happened due to two reasons, the report says.
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