No nation can ever become rich by high tax system.
We should be very careful with money which is a form of energy. Positive energy needs positive atmosphere to flourish.
Some very basic steps we must ensure are:
1. Avoid wasteful expenditure of nations wealth. If some entities are going in loss be it bank or any other, it is better to close it. Let private companies do business.
2. Instead of mega projects invest money in smaller diverse projects. We as a nation need to have strong stability first.
3. Avoid big expenditure on display. Feeding and healthcare of poor people is more important than such displays.
4. Let tax system be a stimulant not a dampener.
- No tax should be more than 10%
- Income tax must be abolished.
- There should be no double taxation.
- There should be no other tax than GST. Other taxes like Custom tax, Property tax Tourism and other such necessary taxes should become part of GST.
- GST @ 1%, 5% and 10% should be there. Having 1% instead of 0% will serve big without hurt.
5. To recover NPA of banks from business houses, government must blacklist such business houses and directors. They should not be allowed any other business and loans till they return nation's wealth.
6. Government must issue RuPay Cards itself with 1% flat transaction charges to become credit card and debit card of choice for people. This single step will save big foreign currency and help in earning.
7. Government should not play any role in business except making simple to follow laws.
Let energy grow, nation will become rich.
We should be very careful with money which is a form of energy. Positive energy needs positive atmosphere to flourish.
Some very basic steps we must ensure are:
1. Avoid wasteful expenditure of nations wealth. If some entities are going in loss be it bank or any other, it is better to close it. Let private companies do business.
2. Instead of mega projects invest money in smaller diverse projects. We as a nation need to have strong stability first.
3. Avoid big expenditure on display. Feeding and healthcare of poor people is more important than such displays.
4. Let tax system be a stimulant not a dampener.
- No tax should be more than 10%
- Income tax must be abolished.
- There should be no double taxation.
- There should be no other tax than GST. Other taxes like Custom tax, Property tax Tourism and other such necessary taxes should become part of GST.
- GST @ 1%, 5% and 10% should be there. Having 1% instead of 0% will serve big without hurt.
5. To recover NPA of banks from business houses, government must blacklist such business houses and directors. They should not be allowed any other business and loans till they return nation's wealth.
6. Government must issue RuPay Cards itself with 1% flat transaction charges to become credit card and debit card of choice for people. This single step will save big foreign currency and help in earning.
7. Government should not play any role in business except making simple to follow laws.
Let energy grow, nation will become rich.
