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Congress Manifesto 2014 Highlights
By: Tupaki Desk | 26 March 2014 1:41 PM GMT
Congress Manifesto 2014 Highlights
* Aim to reduce the fiscal deficit to 3% of GDP by FY17
* 100% electricity access in urban areas and 94% in rural areas
* Achieve 10% growth in the manufacturing sector
* Expanding the rights-based program – to offer the right to housing and the right to healthcare
* Committed to higher support prices for farmers
* Infrastructure and growth
* Independent regulator for natural resources
* Restore real GDP growth to above 8% within the next three years
* Set up the National Investment Facilitation Panel headed by the Prime Minister
* Invest USD 1trn in the infrastructure sector over the next decade
* Job creation and growth
* To unveil a new job creation agenda
* To create consensus on private sector job reservation
* Fiscal and tax policies
* Implement Goods and Services Tax (GST) and Direct Tax Code (DTC) within one year
* Give subsidies only where absolutely necessary
* Abolish all export taxes
* Ensure risk of retroactive taxes is avoided. Ensure foreign companies pay tax where profits earned
* Price stability and financial sector reforms
* RBI must balance price stability and growth concerns
* Immediately implement all the recommendations of the Financial Sector Legislative Reforms Committee (FSLRC)
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* Aim to reduce the fiscal deficit to 3% of GDP by FY17
* 100% electricity access in urban areas and 94% in rural areas
* Achieve 10% growth in the manufacturing sector
* Expanding the rights-based program – to offer the right to housing and the right to healthcare
* Committed to higher support prices for farmers
* Infrastructure and growth
* Independent regulator for natural resources
* Restore real GDP growth to above 8% within the next three years
* Set up the National Investment Facilitation Panel headed by the Prime Minister
* Invest USD 1trn in the infrastructure sector over the next decade
* Job creation and growth
* To unveil a new job creation agenda
* To create consensus on private sector job reservation
* Fiscal and tax policies
* Implement Goods and Services Tax (GST) and Direct Tax Code (DTC) within one year
* Give subsidies only where absolutely necessary
* Abolish all export taxes
* Ensure risk of retroactive taxes is avoided. Ensure foreign companies pay tax where profits earned
* Price stability and financial sector reforms
* RBI must balance price stability and growth concerns
* Immediately implement all the recommendations of the Financial Sector Legislative Reforms Committee (FSLRC)
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