Know what you should know!
Demand Equitable Tax Reform and Social Investment Amid Stock Market Gains
Related Article: Why Is Stock Market Rising Today? Know Key Factors Behind Sensex, Nifty Rally On August 18 - news18.com - Monday, August 18, 2025, 12:58:29 AM Eastern Daylight Time
Target: Prime Minister Narendra Modi and the Ministry of Finance, Government of India
Goal: Urge the Government of India to ensure that upcoming GST reforms and economic policies prioritize social investment, progressive taxation, and protections for workers and marginalized communities.
The Indian stock market has experienced a significant rally, buoyed by proposed reforms to the Goods and Services Tax (GST), positive global economic trends, and an upgrade in India's credit rating by S&P Global. While these developments may benefit investors and large corporations, it is crucial that the government ensures these gains translate into tangible benefits for all citizens, particularly workers, small businesses, and marginalized communities.
Proposed changes to the GST structure, including the realignment of tax slabs and potential reductions for passenger vehicles and two-wheelers, risk disproportionately benefiting wealthy consumers and large corporations, while public services and social programs remain underfunded. Economic growth must be harnessed to reduce inequality, improve public healthcare and education, and create secure, dignified jobs.
We call on the Government of India to use this moment of economic optimism to enact progressive reforms that strengthen the social safety net, invest in public goods, and ensure that the benefits of growth are shared equitably across society.
Key Demands
- Ensure that any GST reforms are progressive, protecting essential goods and services from higher taxation and avoiding regressive impacts on low-income households.
- Increase public investment in healthcare, education, and social welfare using revenues from economic growth and improved tax collection.
- Implement safeguards to ensure that tax reductions for luxury goods and vehicles do not come at the expense of funding for social programs.
- Strengthen labor protections and support job creation in sectors most affected by economic shifts, including small businesses and informal workers.
- Increase transparency and public participation in the GST reform process, including consultations with civil society, labor unions, and marginalized groups.
Sign This Petition
Updated very often
All Opinions and Actions are (C)opyright 2025 - TruthAndResistance.com
All Opinions and Actions are (C)opyright 2025 - TruthAndResistance.com