New Delhi:The Congress would deliver on its ambitious ‘nyuntam aay yojana’ (nyay) scheme without burdening the middle class or raising taxes and if the United Progressive Alliance came to power, it would fund ‘Nyay’ through money retrieved from economic offenders and crony capitalists, party president Rahul Gandhi said on Friday.The opposition party has said that if voted to power, it will give Rs 72,000 per year as minimum income to poor families, benefiting around 25 crore people, a move Gandhi has termed a ‘surgical strike’ on poverty.
“Money won’t be taken from the middle class and income tax won’t be raised,” Gandhi said when asked how funds will be raised for the Nyuntam Aay Yojna (Nyay) scheme.Interacting with students here, the Congress chief said all calculations have been done to fund the scheme.He said the Congress manifesto was prepared after taking inputs from all sections of the society, including farmers and the poor.”The Congress poll manifesto was prepared after speaking to all stakeholders,” Gandhi said.
Similarly, foreign direct investment data over a decade and details relating to capital expenditure and capital formation have also fared better under the NDA (National Democratic Alliance) regime, which raises a question over the issues raised by the Congress chief.
The manifesto, while highlighting that it was the Congress party which launched liberalisation, promises to end tax terrorism. Gandhi should, however, be reminded that it was the UPA (United Progressive Alliance) government which changed tax legislation by overruling Supreme Court judgements. This then became a cause for national embarrassment. Few matters went to arbitration and uncertainty over the tax position jeopardized the overall economic environment of the country.
Further, Congress couldn’t muster the courage to implement the Goods and Services Tax (GST) due to political considerations and have now promised to replace it with their version. A similar promise was also made about the Direct Tax Code, which they had earlier failed to give a blueprint of.