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BJP set to achieve 272 plus Seats
BJP set to achieve 272 plus seats. Senior BJP leader Arun Jaitley has expressed confidence that the party, led from the front by Narendra Modi, will get absolute majority, as people value stability.
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New Delhi: Senior BJP leader Arun Jaitley has expressed confidence that the party, led from the front by Narendra Modi, will get absolute majority, as people value stability.
The BJP is confident that there is no real challenge facing the party. A fractured mandate will be detrimental to national interest, he said the NDA needs a clear mandate in order to put the national economy back on wheels. Indian electorate is very mature, he said.
In a blog-post, Arun Jaitley said the BJP, already seen as a front-runner, is expecting a last-minute push that will take it beyond the half-way mark. The BJP, which has unveiled Mission 272-Plus, is all set to achieve the goal.
On foreign policy, Jaitley said, the policy in dealing with the neighbourhood would be dictated by security considerations. However, the policy in relation to rest of the world would be influenced by economic considerations. Looking East-wards, the specific concerns about security issues relating to Indian Ocean would be of prime interest.
Soon after coming to power, Arun Jaitley asserted that the top priority for BJP is to re-establish confidence in the Indian economy. This was essential, as he claimed that the UPA has completely marred the investment cycle in the country. I answered that BJP’s top priority would be to restore the investment cycle in the country. The UPA has damaged the confidence in the Indian economy. India is no longer regarded as an investment destination where there is an ease of doing business. Clearing projects takes unusually large time. Some States have been discriminated against. The Prime Minister never had the last word on clearing these projects.
The BJP’s priority would be to generate economic activity in the country, so that international and domestic investors both feel that India is a better place for doing business. On Foreign Direct Investment (FDI), he categorically stated that the BJP regards FDI as an additionality of resource, which will generate economic activity but the BJP commitment to FDI would be sector specific. “We are opposed to FDI in multi-brand retail because India is still not prepared for it. On retrospective taxation, I clarified that the imposition of retrospective taxation during the UPA regime was a defining moment for subverting the investment climate in India,” he said. Stability of tax regime has to be maintained and retrospective legislation for taxation is permissible only when taxes already collected are to be protected, he said. Taxes, which impose fresh liability, should not be legislated with retrospective effect, he opined.
Arun Jaitley said the BJP economic model would be such that it generates economic growth. It should encourage entrepreneurship.
“However, considering largescale poverty in India, we cannot merely depend on the economic growth to pull people out of poverty. Poverty-alleviation schemes are necessary. The schemes, however, have to be also linked to asset creation,” he added.
