PM Modi dismisses report of restriction on overseas travels through tax
NEW DELHI: Prime Minister Narendra Modi on Friday strongly rejected studies claiming that the Centre was contemplating imposing a cess, tax or surcharge on overseas journey to offset the fiscal influence of the continued conflict-linked financial pressures.Responding to the report in a publish on X, PM Modi stated, “That is completely false. Not an iota of fact on this. There is no such thing as a query of placing such restrictions on overseas journey. We stay dedicated to enhancing ‘Ease of Doing Enterprise’ and ‘Ease of Dwelling’ for our individuals.”
PM Modi’s response got here after a media report quoting authorities sources claimed that discussions had been happening on the “highest ranges” concerning a doable non permanent cess or surcharge on overseas journey.Based on the report, the proposed levy was being thought of to cushion the fiscal influence arising from the continued warfare scenario and rising crude oil and import prices.The report additional claimed that any cess, tax or surcharge on overseas journey would stream on to the Centre as a substitute of the divisible tax pool and will stay in place for one yr as a short lived measure.The report additionally acknowledged that the finance ministry had not responded to queries concerning the proposal.Nevertheless, PM Modi denied the claims and asserted that the federal government remained centered on easing enterprise and travel-related processes for residents quite than imposing new restrictions.In the meantime, Prime Minister Narendra Modi final week whereas addressing a public gathering in Hyderabad on Could 10 had appealed to residents to keep away from shopping for gold and postpone non-essential overseas journey for a yr to be able to preserve overseas change reserves amid the worldwide power disaster triggered by the continued US-Israeli battle with Iran.
