TIL Desk/National/Ahmedabad/ The BJP’s Rajya Sabha MP Subramanian Swamy said on January 10 that the country’s economy was in “dire times”, and “tax terrorism” should be ended to encourage investors. He also said that every university should have police personnel on the campus, and Jawaharlal Nehru University (JNU), which is in news for a recent incident of violence, should be “closed for two years”.
“The economy is in dire times, everything is going downwards, if the trend continues banks will close down, NBFCs will close down and (it will) lead to disaster,” Swamy said, speaking to reporters here. He was speaking on the sidelines of a programme at Indus University. “The measures that can be taken are…first Income Tax needs to be abolished.
The tax terrorism in our country needs to be reined in so that people start investing and do not fear taxman,” he said. “The problem we are facing at present is lack of demand, we have good supply. So the government needs to print notes and put it in the hands of people to boost demand. Government needs to build roads, big six-lane, eight-lane roads,” he added.
