INDIAN FINANCE
TIDE OF WAR PROSPERITY. INCREASES IN TAXATION. By Telegraph—Press Association —Copyright. NEW DELHI, February 29. Sir J. Raisman (Finance Member of the Government), presenting a £69,000,000 Budget, explained that Defence expenditure had increased by £6,292,000 to forty millions. He announced a fifty per cent increase in the sugar excise duty and a twenty per cent increase in the petrol tax. He declared that India was enjoying a tide of war prosperity, of which' the primary cause was the foreign demand for India’s goods.
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Wairarapa Times-Age, 2 March 1940, Page 9
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85INDIAN FINANCE Wairarapa Times-Age, 2 March 1940, Page 9
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