Union Minister Jairam Ramesh on Tuesday took a dig at the taxation reforms plans by BJP’s prime minister candidate Narendra Modi. Ramesh also took a jibe on Modi for listening to people like yoga guru Bab Ramdev who has demanded abolition of all kinds of taxes and pitched for a single ‘Banking Transaction Tax’ if Modi forms the next Government.
“All countries of the world have income tax and the BJP leader was adding economics to the list of subjects he knows nothing about. So far Mr Modi has shown lack of knowledge of geography and history and if he is going to listen to Swami Ramdev, ... all the people of economics... What can I say...IJ Mr Modi is now adding economics to the list of subjects he knows nothing about. First it was geography, history and now it is economics,” Ramesh said reacting to a question on Modi advocating tax reforms at an event organised by Ramdev on Sunday.
Promising reform in the taxation system in the country, Modi had said that the present system had become a burden on the common man. Ramesh pointed out that the 1957 budget presented by then Finance Minister T T Krishnamachary had an expenditure tax and it was abandoned very soon.