Narendra Modi promisise of reform in Tax system
New Delhi: BJP’s prime ministerial candidate Narendra Modi has promised to reform the taxation system in the country, saying it has become a burden on the common man and the need of the hour is to change it.
“The present taxation system is a burden on common man. It leads to bureaucratic control. The need of the hour is to look into it afresh and bring reforms. Our party is already working on it,”
Modi’s remarks assume significance as the BJP has been talking about abolition of taxes in its internal meetings in the past.
Modi also used the occasion to target the Congress-led UPA government. He blamed the Centre’s “wrong” policies for the economic woes, saying it had resulted in the decline of manufacturing industry, which required an immediate boost if economy was to recover.
Modi said “policy paralysis” had resulted in lack of coal for power industry despite India having vast reserves of it.
“Power projects have stalled, forcing us to import steel as industrialists cannot manufacture it here in the absence of electricity even though we have plenty of iron ore,” he said.
The BJP’s prime ministerial candidate also spoke about recent cases of gold smuggling, invoking decades of 60s and 70s when it was rampant and caused the rise of underworld.
“Even sand is being smuggled these days. We are talking about corruption. State needs progressive policy drive and its execution with transparency. It will remove corruption,” he said.
Further blaming the UPA, Modi said Indian had failed to capitalize on the strength of its young population despite having over 65 percent of its population under 35 years of age.
“This demographic dividend could have been an asset but the country’s leadership has converted it into demographic disaster,” he said, recalling how a high-powered body set up by the Prime Minister for skill-development never met for three years while it was supposed to meet every three month.
Modi said things can be turned around with strong will and intention, stating that the word ‘disappointment’ was not in his dictionary.
Former BJP president Nitin Gadkari had last month said that he was contemplating incorporating a proposal to abolish income, sales and excise taxes in the vision document of his party.
Gadkari is heading the team that is preparing the vision document for the general elections.
Ramdev earlier said that once Modi succeeds in coming to power, he should declare the black money being held by Indians in foreign banks to be national wealth and bring it back and also set up a National Farmer Income Commission.
Senior BJP leaders, including party chief Rajnath Singh and Leader of Opposition in Rajya Sabha Arun Jaitley, expressed support for the proposals.
Jaitley said the life of the common man had become all about paying taxes since his birth to death, listing out numerous taxes levied on using road to house, service, electricity, water besides income tax.
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