WebAug 24, 2024 · BJP MP Subramanian Swamy on Saturday batted for abolishing income tax, hiking interest rate on fixed deposits and lowering it on loans to spur economic growth. “The main thing is that the income ... WebJun 22, 2024 · BJP leader Subramaniam Swamy, who was the Minister of Commerce and Industry between 1990 and 1991, said that the first and only step to mitigate the economic problems of India is to abolish income ...
Abolish income tax, hike FD interest, cut it on loans: Subramanian …
WebAnswer (1 of 11): I think it is quite feasible,also backed by Subramanian Swamy over time and again. Revenue by direct income tax is around 10% of total revenue ... WebApr 27, 2024 · Dr Subramanian Swamy has been at the forefront mooting this idea from the early 1970s by saying that the full potential of the people must be unleashed to create national wealth. ... Income tax can be abolished in a staggered manner and at first IT on the income group B could be abolished. A 20% reduction in salaries of this group if ... florian haas fh aachen
Subramanian Swamy: Abolish income tax to push growth
WebJan 10, 2024 · When asked whether he could persuade Jaitley to abolish income tax, Swamy said: "I have to persuade Arun Jaitley to resign and go and not to persuade him to abolish Income Tax which he will never do." He said former Prime Minister Manmohan Singh did wonders because he understood economics. However, as a prime minister he failed to … WebSubramanian Swamy (born 15 September 1939) is an Indian politician, economist and ... Swamy argued that it is illegal for any political party to lend the loan as per violation of … WebMay 11, 2024 · BJP MP Subramanian Swamy today pitched for abolition of Income Tax to ease the burden on the middle class and promote higher economic growth in the country. florian habermann