New Delhi: At a time when the country is aiming to become a USD 5 trillion economy, Prime Minister Narendra Modi on Wednesday said though the target is not so easy but not so difficult as well. Also Read - ‘Tax Dijiye, Dua Lijiye’: Odisha Civic Body Recruits Transgenders to Collect Pending Taxes From Defaulters
“Making Indian economy worth USD 5 trillion is not easy but it is achievable. We made the economy worth USD 3 trillion in the last 70 years. No one asked why it took so long to become USD 3 trillion economy,” Prime Minister Narendra Modi said. Also Read - GST Taxpayers Flooded With Notices, Advisories As Govt Plans to Plug GST Loopholes
While addressing the Times Now Summit in the national capital, PM Modi said that the country is taking a responsible step to safeguard taxpayers’ rights.
“India is one of the few countries where taxpayers’ charter will be implemented to define their rights. There is no charter even in rich nations. India is taking a responsible step to safeguard taxpayers’ rights. I want to assure that tax harassment is a thing of past,” he added.
Saying that the previous governments had hesitated to touch the country’s taxation system, PM Modi said the current dispensation was making it more citizen-centric. He also urged the people of the country to pay their taxes for the development of the country.
PM Modi said when a number of people don’t give tax and find ways to evade it, the burden ultimately falls on those who honestly pay their dues.
Saying the Union Budget will help achieve the target of USD 5 trillion economy, PM Modi said India will now not waste time but will surge ahead with confidence.
“This is the first time that any government has focused on smaller cities to push economic development,” he said, adding, “The century of decisions taken by the government in the last eight months is unprecedented.”
The prime minister added that it was unbelievable but true that only 2,200 people in the country had declared earnings of Rs 1 crore per annum.