BJPs green light to DTC

Written by Nistula Hebbar | Nistula Hebbar | New Delhi | Updated: Mar 2 2012, 06:18am hrs
In what could come as a relief to the government ahead of the Budget session of Parliament, BJP president Nitin Gadkari said on Friday that his party would help the government clear the Direct Tax Code (DTC)Bill in this session.

We support DTC, and I firmly believe that the majority of the corruption scandals in India occur because of the opaque way we frame our laws and ambiguities in all these. The DTC will, I hope, ameliorate some of these issues, he said. The BJP president, however, was ambivalent towards GST because of the issues of federalism involved in the tax reform.

I will be meeting the finance minister Pranab Mukherjee on Friday as well as with other NDA leaders before the budget and I believe we must be positive on things which directly impact the state of the nation. We are willing to co-operate on legislation and reforms which will benefit the country, provided the government approaches us, he said.

I believe the parliamentary standing committee will be submitting its report on the bill, and it should come before Parliament in this session, he added.

Having said that, Gadkari was not in favour of cooperating with the ruling coalition on the matter of the Goods and Services Tax. The constitutional amendment bill for GST is also stuck with the Parliamentary standing committee on finance. On the matter of the GST we have already said that there are issues with regard to federalism which are involved.... issues of compensation etc. We have already felt the Centres disdain towards non-Congress ruled states, in the way many of our crucial legislations have been blocked by the Centre. We dont want that our states are made to beg at the Centre's door for our share of the revenue, he said.

Gadkari was also implacable in the matter of opposing FDI in retail and said that the political and economic climate of the country was not conducive to introducing a measure which would hit employment.