Prashant Kishor prediction on Modi government 3.0: Lok Sabha Elections-2024 is now in its final stages. Only two phases of voting are left. At the same time, political analyst Prashant Kishore is making new predictions every day about Prime Minister Narendra Modi. Prashant Kishore said that I think Modi 3.0 government will start with a bang. In the third term, Modi government can bring petrol and diesel under the ambit of GST. The financial autonomy of the states can be curbed to increase their dependence on the central government. In an interview with English-Hindi magazine India Today, Prashant Kishor predicted structural and operational changes in the anti-corruption narrative of the Modi government.
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Prashant Kishore said that I think Modi 3.0 government will start with a bang. There will be an even greater concentration of both power and resources at the centre. An attempt may also be made to curtail the financial autonomy of the states. Prashant Kishore said there is no major anger against the Prime Minister and BJP will win around 303 seats.
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‘Petrol and diesel can be brought under the ambit of GST’
Political strategist Kishor said states currently have three major sources of revenue – petroleum, liquor and land. He said that I would not be surprised if petroleum is brought under the ambit of GST. At present, petroleum products like petrol, diesel, ATF and natural gas are out of the scope of GST. However, they are still subject to VAT, Central Sales Tax and Central Excise duty.
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There will be huge loss in the revenue of the states
He further said that bringing petroleum products under GST has been a long-standing demand of the industry. States of the country have been against this demand because states will suffer huge revenue loss due to this. For example, if petrol is brought under the ambit of GST, then states will lose tax and will have to depend more on the Centre to get their share. Currently, the highest tax slab under GST is 28%. Fuels like petrol and diesel are taxed at more than 100%.
If Prashant Kishor’s prediction on PM Modi does not come true, he will get ‘dung’ smeared on his face.
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