BJP will return to power, eliminate remnants of corruption: Swamy
Terming demonetisation a failure, the BJP MP acknowledged that the Modi government’s economic performance is still a long way off from the governance it had promised when it came to power in 2014.india Updated: Apr 09, 2018 13:30 IST
The BJP is “well set” to get a majority in the 2019 general elections and will eliminate any remnants of corruption in its second term, party leader Subramanian Swamy has said.
The BJP will build a strong and “united” India in its second term in power, said Swamy in New York where he spoke at the 14th Annual India Business Conference at Columbia Business School.
“We are very well set to get a majority in 2019,” Swamy told PTI. “We came to power for three reasons — Narendra Modi’s reputation as a man of governance, the fight against corruption, and persuading people, particularly Hindus, to rise above their caste loyalties and vote for that party which will safeguard the interest of Hindus.”
He said going into the 2019 national elections mode, the BJP will campaign on the promise to “eliminate whatever corruption we could not (eliminate) in the last five years”. “We want to build a strong and united India. We are not against minorities,” he said.
Addressing the conference, attended by students, academicians, entrepreneurs and executives, Swamy spoke at length about India’s political and economic landscape.
He acknowledged that the BJP government’s economic performance is still a long way off from the governance it had promised when it came to power in 2014, with demonetisation and the Goods and Services Tax (GST) further complicating the situation.
Swamy termed demonetisation a “failure” and said the public, however, did not seem to mind it as it felt that by this move, the rich people were being brought to book.
On GST, he said it should not have been implemented before the 2019 elections. “We were totally unprepared for it. At the moment, GST is a nightmare. The lack of compliance is very high. It is a failure, we have to admit that. There is definitely a feeling among businesses that there is tax terrorism and this needs to be corrected,” he said.
Swamy, who has also called for abolishing Income Tax, said he is confident of the BJP coming back to power in 2019 and implementing more reforms that will put India on a 10 per cent growth trajectory annually for the next 10 years, making it a major global economic power.
On the issue of multi-crore frauds at major banks, Swamy said this is due to the “collusion” between politicians and businessmen.
“It is fundamentally a corruption issue. In my opinion, rather than catching the bank clerk and prosecuting him, we should concentrate on catching the people at the highest level and that will filter down to removing corruption,” he said.
Swamy added that most of the corruption in the banks are due to “political patronage” and the appointment system of banks’ chairmen that are happening not only in the public sector, but also in private sector banks.