Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Policy/  BJP will eliminate any remnants of corruption in second term: Subramanian Swamy
BackBack

BJP will eliminate any remnants of corruption in second term: Subramanian Swamy

Subramanian Swamy also acknowledges that the BJP govt's economic performance is still a long way off from the governance it had promised when it came to power in 2014

BJP’s Subramanian Swamy said going into the 2019 national elections mode, the BJP will campaign on the promise to “eliminate whatever corruption we could not (eliminate) in the last five years”. Photo: Hindustan TimesPremium
BJP’s Subramanian Swamy said going into the 2019 national elections mode, the BJP will campaign on the promise to “eliminate whatever corruption we could not (eliminate) in the last five years”. Photo: Hindustan Times

New York: The Bharatiya Janata Party (BJP) is “well set" to get a majority in the 2019 general elections and will eliminate any remnants of corruption in its second term, party leader Subramanian Swamy has said.

Swamy, who was in the city to address the 14th Annual India Business Conference at Columbia Business School hosted by the South Asia Business Association at the school, said in its second term in power the BJP will build a strong and “united" India.

“We are very well set to get a majority in 2019," Swamy told PTI here. “We came to power for three reasons - Narendra Modi’s reputation as a man of governance, the fight against corruption and persuading people, particularly Hindus to rise above their caste loyalties and vote for that party which will safeguard the interest of the Hindus," he said.

He said going into the 2019 national elections mode, the BJP will campaign on the promise to “eliminate whatever corruption we could not (eliminate) in the last five years". “We want to build a strong and united India. We are not against the minorities," he said.

Addressing the conference, attended by students, academicians, entrepreneurs and executives, Swamy spoke at length about India’s political and economic landscape. He acknowledged that the BJP government’s economic performance is still a long way off from the governance it had promised when it came to power in 2014, with demonetisation and the Goods and Services Tax (GST) further complicating the situation.

Swamy termed demonetisation as a “failure" and said the public however did not seem to mind it as it felt that by this move, the rich people were being brought to book.

On GST, he said, “we were totally unprepared for it. At the moment the GST is a nightmare," adding that the GST should not have been implemented before the 2019 elections.

“At the moment, it (GST) is a nightmare. The lack of compliance is very very high. It is a failure, we have to admit that. There is definitely a feeling among businesses that there is tax terrorism and this needs to be corrected," he said.

Swamy, who has also called for abolishing Income Tax, said he is confident of the BJP coming back to power in 2019 and implementing more reforms that will put India on a 10% growth trajectory annually for the next 10 years, making it a major global economic power.

On the issue of multi-crore frauds at major banks, Swamy said this is due to the “collusion" of the politician with the businessmen. “It is fundamentally a corruption issue.

In my opinion, rather than catching the bank clerk and prosecuting him, we should concentrate on catching the people at the highest level and that will filter down to removing corruption," he said.

Swamy added that most of the corruption in the banks are clearly due to the “political patronage" and appointment system of banks’ chairmen that are happening not only in the public sector but also in private sector banks. PTI

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 09 Apr 2018, 01:14 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App