<p>New Delhi: Union minister Nitin Gadkari on Monday asked the industry not to perennially demand a reduction in taxes as the government needs funds to implement welfare schemes for the poor.</p>.<p>Addressing an event here, the road transport and highways minister said the logistics cost in India will come down to 9 per cent within two years.</p>.<p>"Do not ask for reducing Goods and Services Tax (GST) and taxes, it is a continuous process which is going on. If we reduce the tax, you will ask for more, because this is human psychology," Gadkari, who is known for his frank views, said.</p>.<p>"...we want to reduce the taxation, but without taxation also, the government can not run a welfare state," he added.</p>.<p>The minister added that it is the government's vision to take the tax from the rich people and give benefits to the poor.</p>.Changes in GST must be more comprehensive than mere rate reduction: Congress.<p>"So the government has also got its own limits," he said.</p>.<p>According to the minister, presently India's logistics cost is 14-16 per cent.</p>.<p>"I assure you that within two years...our logistics cost will be 9 per cent. So we will be more competitive in the international market," he said.</p>.<p>In China, the logistics cost is 8 per cent and in the US and European countries, it is 12 per cent, the minister said.</p>.<p>Gadkari also emphasised that India Inc. needs to reduce the cost of production without compromising the quality.</p>.<p>The minister noted that by increasing capital investment, India is going to create more jobs.</p>.<p>"You are not only wealth creator but job creator...we need to advantage of this golden era," he said.</p>.<p>Further, Gadkari stressed the need to reduce imports and increase exports to make India a developed nation.</p>
<p>New Delhi: Union minister Nitin Gadkari on Monday asked the industry not to perennially demand a reduction in taxes as the government needs funds to implement welfare schemes for the poor.</p>.<p>Addressing an event here, the road transport and highways minister said the logistics cost in India will come down to 9 per cent within two years.</p>.<p>"Do not ask for reducing Goods and Services Tax (GST) and taxes, it is a continuous process which is going on. If we reduce the tax, you will ask for more, because this is human psychology," Gadkari, who is known for his frank views, said.</p>.<p>"...we want to reduce the taxation, but without taxation also, the government can not run a welfare state," he added.</p>.<p>The minister added that it is the government's vision to take the tax from the rich people and give benefits to the poor.</p>.Changes in GST must be more comprehensive than mere rate reduction: Congress.<p>"So the government has also got its own limits," he said.</p>.<p>According to the minister, presently India's logistics cost is 14-16 per cent.</p>.<p>"I assure you that within two years...our logistics cost will be 9 per cent. So we will be more competitive in the international market," he said.</p>.<p>In China, the logistics cost is 8 per cent and in the US and European countries, it is 12 per cent, the minister said.</p>.<p>Gadkari also emphasised that India Inc. needs to reduce the cost of production without compromising the quality.</p>.<p>The minister noted that by increasing capital investment, India is going to create more jobs.</p>.<p>"You are not only wealth creator but job creator...we need to advantage of this golden era," he said.</p>.<p>Further, Gadkari stressed the need to reduce imports and increase exports to make India a developed nation.</p>