the integrity of the decision-making and sanctity of our decisions. We will bring back credibility and trust in government, re-sowing confidence in the India story domestically as well as internationally. Through consistent, long-term policies, we will not just spur the process of economic growth, but also ensure that it is stable as well as balanced. We will:
find out solutions, which are effective in the short run and lasting in the long run.
strictly implement Fiscal discipline, without compromising on funds availability for development work and asset creation
allocate resources efficiently and effectively to re-energize the engines of growth.
re-visit the policy framework for investments both foreign and domestic to make them more conducive.
undertake Banking reforms to enhance ease and access, as well as accountability.
we will encourage Savings as an important driver of investment and growth.
NPAs NPAs have increased sharply over the past few years and the trend continues. BJP will take necessary steps to reduce NPAs in Banking sector. Also, BJP will set up a strong regulatory framework for the non-banking financial companies to protect the investors. Taxation UPA Government has unleashed 'Tax terrorism' and 'uncertainty', which not only creates anxiety amongst the business class and negatively impacts the investment climate, but also dents the image of the country. BJP realizes the importance of having a Tax Policy Roadmap, so that people are aware of the future and plan accordingly. We will:
provide a non adversarial and conducive tax environment
rationalize and simplify the tax regime
overhaul the dispute resolution mechanisms
bring on board all State governments in adopting GST, addressing all their concerns
provide tax incentives for investments in research and development, geared towards indigenization of technology and innovation
Foreign Direct Investment Barring the multi-brand retail sector, FDI will be allowed in sectors wherever needed for job and asset creation, infrastructure and acquisition of niche technology and specialized expertise. BJP is committed to protecting the interest of small and medium retailers, SMEs and those employed by them. The FIPBs (Foreign Investment Promotion Board) functioning shall be made more efficient and investorfriendly
Agriculture - Productive, Scientific and Rewarding Agriculture is the engine of India's economic growth and the largest employer, and BJP commits highest priority to agricultural growth, increase in farmer's income and rural development. BJP will:
increase public investment in agriculture and rural development. 27