Twomised to, Gandhi gave cash handouts to India’s poorest families two days ago if he voted to power, seeking to energize his campaign against Prime Minister Narendra Modi’s BJP.
On Thursday, Congress president Rahul Gandhi said his party would free news businesses of regulatory permissions for the first three years and scrap a controversial tax on start-ups if they were voted to power.
“Don’t bother about anything—there is no permission you need. Start your business, get to work,” he said in an interview with PTI.
T, Gandhi promised to give cash handouts to India’s poorest families two days ago if he was voted to power, seeking to energize his campaign against Prime Minister Narendra Modi’s BJP in the Lok Sabha elections starting on April 11.
“For the first three years of setting up a new business, we will free you from red tape. You will not need to ask for permission for anything,” said Gandhi.
He promised to scrap the “draconian and ill-conceived” angel tax levied on start-up investment and the cent on investment in start-ups.
“I’ve made that commitment, and it’s going to be done.”
Gandhi said this was a “powerful idea” in discussions with several entrepreneurs. “We said, we believe in you; we trust you, and so for the first three years of setting up a new business, we will free you up from the red tape”.
During discussions with entrepreneurs, the Congress president mentioned another idea: opening the banking system to young business people.
“Why should only Nirav Modi get thousands of crores? How many jobs has he created in India? Why can’t a youngster who wants to start a business, who wants to give India 2,000 jobs, get a bank loan,” he said, referring to the diamond merchant who is the main accused in the Rs 14,300 crore Punjab National Bank scam?
