Rahul says no angel tax, no permissions for new business


New Delhi, Mar 29 (IANS): Congress President Rahul Gandhi on Thursday promised incentives for entrepreneurs and start-ups to boost job creation in the country, saying there will be no permissions required for the first three years of any new business, no angel tax and sold incentives based on the number of jobs created.

He also promised easy bank credit if the party is voted to power in the Lok Sabha elections.

"Youngsters, Want to start a new business? Want to create jobs for India? Here's our plan for you: 1. ZERO permissions for the first 3 years of any new business. 2. Goodbye Angel Tax 3. Solid incentives & tax credits based on how many jobs you create. 4. Easy Bank Credit," Gandhi said in a tweet.

The move is seen as an effort by Gandhi to woo the youth ahead of Lok Sabha elections and keep the focus on economic issues.

Gandhi has been criticising the ruling BJP and Prime Minister Narendra Modi for failing to create promised jobs and the issue is a major poll plank of the Congress .

The promises are part of Congress plan to boost employment opportunities if it comes to power and provide a viable roadmap to achieve the objectives.

  

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Comment on this article

  • N.M, Mangalore

    Fri, Mar 29 2019

    Congress's plan for generating self employment.

    1. ZERO permissions for the first 3 years of any new business.
    2. Goodbye Angel Tax
    3. Solid incentives & tax credits based on how many jobs you create.
    4. Easy Bank Credit

    DisAgree Agree Reply Report Abuse

  • Sangram, Kundapur

    Fri, Mar 29 2019

    He will give you"Patota may Sona Nikalne Ki machine "

    DisAgree Agree [2] Reply Report Abuse

  • Shankar, Banglore

    Fri, Mar 29 2019

    Angel tax was introduced in 2012 then finance minister Pranab Mukherji. It was neutralized by Modi govt in 2018 budget. We already have Mudra loan to start own business and get loan up to one crore in just 59 minutes for MSME sector.

    DisAgree [1] Agree [3] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Mar 29 2019

    We are Qualified & Educated.
    Please don't ask us to Make & Sell Pakoda's ...

    DisAgree [7] Agree [8] Reply Report Abuse


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