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Write a precis of the passage given below in about one-third of its length. Please do not give any title to it.The precis should be written in your own language.
The Central Board of Direct Taxation(CBDT), a wing of the Ministry of Finance, has initiated disciplinary proceedings against some Indian Revenue Service (IRS) officers for a report they submitted to the government recently. The officers are not corrupt,nor did they abuse any Minister or any functionary of the government. So,what was their crime?A group of 50 IRS officers thought it their duty to help the government in this hour of crisis.They prepared a report titled ‘Fiscal Options and Response to Covid19 Epidemic’, or FORCE, and submitted it to the government. The IRS Association’s Twitter handle and website carried the report. In order to tide over the financial crisis, the report suggested raising the highest slab rate to 40% for income above 1 crore or reintroducing the wealth tax for those with wealth of 5 crore or more; providing an additional onetime acess of 4% on taxable income of 10 lakh and above for COVID19 relief; providing tax relief for sectors hit hard by COVID19;and reintroducing the inheritance tax.These suggestions are nothing new. Inequality is on the rise everywhere. This is bound to be so, as Thomas Piketty showed, as long as r (rate of return on capital) is greater than g (rate of growth in the economy). The views of the offi cers can be taken to be unexceptionable on merits. So, what brought the wrath of the government then? Generalist versus the specialist The Ministry of Finance is always headed by an Indian Administrative Service (IAS) officer.The Revenue Secretary, the Expenditure Secretary and the Finance Secretary are all drawn from the IAS despite the fact that they have little experience in handling the economy.Starting as local administrators they later hold top posts in the Ministry of Finance.On the other hand, the CBDT is managed by IRS officers with rich field experience. There were suggestions time and again that the Chairman of the CBDT should be of the rank of Secretary to the Government of India.
By: bhavesh kumar singh ProfileResourcesReport error
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