AAP releases election manifesto

The Aam Aadmi Party plans to initiate investigations and punish all those involved in scams like the PIPDIC coal scandal and tsunami resettlement scam if elected to power.

They will also optimise the use of the Puducherry airport to promote tourism at the national and international level, according to the party’s manifesto that was released here on Sunday.

Their election promise include promotion of higher education in Puducherry by bringing in world class educational centres like IIT and IIM, decongest traffic snarls in the city by building flyovers and other infrastructure, linking Puducherry with Chennai, Karaikal, Thiruvannamalai and Bangalore by rail, bring in industrialists and investors to the UT, modernize the fishing industry, provide vocational training in the merchant navy, create job opportunities for educated youth and revive handloom weaving industry in the U T, a release said.

The party’s 20 point manifesto was released to the press on Sunday by the party’s MP candidate and party convenor V Rangarajan.

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One Comment

1. 

   hemen parekh

   March 28, 2014 at 10:20 am

   Manifesto Misconduct ?

   In its manifesto released yesterday , Congress has promised to create 10 Crore ( = 100 million ) new jobs in next 5 years , if voted to power

   Now , EC’s Model Code of Conduct tells political parties ,

   ” If you make any promise in your manifesto , you must also spell out , how
   you are going to fund it ; how – and from where – you are planning to
   raise the money to fulfill your promise ”

   No such explanation / clarification in Congress Manifesto !

   Only EC can say whether this is a blatant violation of Code of Conduct

   Provided , BJP / AAP lodge a complaint with the EC

   But BJP / AAP can do better than just lodge a complaint

   In their own respective manifestos , they too , can promise to generate 100 million new jobs in 5 years , if voted to power

   But strictly , in

   > Organized Private Sector

   > Un-organized Private Sector

   > Self – Employed Sector

   Now each job will require an additional Capital ( fixed + working ) of Rs 1 million , on an average

   That means , these Sectors ( not the Government ) will need to raise ,

   > Rs 1 million * 100 million ( Rs 10 Lakh * Crores )

   If voted to power , we ( BJP / AAP ) will enable these Sectors to raise this amount of funds thru introduction of following schemes :

   > BLACK MONEY AMNESTY SCHEME

   These Sectors will be allowed to invest their Black Money ( whether stashed locally or abroad ) in specific , Government – Approved , ” Infrastructure Bonds ” . No questions will be asked as to the source of the funds and the interest earned will be tax-free for a period of 10 years

   > JOB GENERATION SCHEME

   Since the emphasis is on Job Generation , companies will be ” incentivized ” to hire more permanent persons
   The incentive will be in the form of reducing Corporate Income Tax ( % ) as a company’s employment goes up by setting in motion , ” INVERSION of JOB REDUCTION ” regime , under which ,

   ” The more jobs a company creates , the less Corporate Tax it pays ”

   Example :

   > Up to employment of 100 persons …………………………. 30 % tax
   > 101 – 500 persons……………………………………………. 25 %
   > 501 – 1000 persons …………………………………………… 20 %
   > 1001 – 5000 persons ………………………………………….. 15 %
   > 5001 – 10,000 persons …………………………………………. 10 %
   > Above 10,000 persons …………………………………………. 5 %

   Let us celebrate those who provide employment to large number of persons

   > DOWN-SIZE GOVERNMENT SCHEME

   * Government is already over-staffed . It is hiring 4 persons to do the work of one !
   Hence , no new jobs will be created in Government or in PSUs for next 5 years
   There will be a ” Recruitment Freeze ” in government – except for the defense services
   Government / PSU employment will be allowed to shrink thru resignations / retirements / deaths etc , by adopting the rule of ” No Replacements ”

   > SELF EMPLOYEMENT SCHEME

   Every unemployed person registering under this scheme will get an interest – free loan of Rs 50,000 / – from any scheduled bank where he / she opens a bank account , repayable in 10 years. Central Government will insure these loan-re-payments
   A suitable mechanism will be put in place to prevent misuses such as ,

   * Duplicate loans from different banks

   * Already employed persons applying for loans

   * A loan-taker taking up a job after availing a loan

   > HONESTY REWARD SCHEME

   ” Inverse ” the ” Personal Income Tax ” slabs as follows :

   > Up to Rs 5 lakhs………………… NIL tax
   > 5.1 – 10 lakhs………………….. 8 %
   > 10.1 – 20 lakhs…………………. 6 %
   > 20.1 – 50 lakhs………………… 5 %
   > 50.1 – 100 lakhs………………… 3 %
   > Above 100 lakhs…………………. 1 %

   This will encourage tax-payers to honestly declare their entire income and eliminate tax-evasion / black money generation at the very source itself !

   Under such a scheme , Rs 5 * Lakh * Crores worth of estimated Black Money will return to the official ” White Money ” banking stream , during FY 2014-15 itself !

   Can you imagine everyone wanting a ” Cheque Payment ” only !

   And this White Money will get deployed in the CAPITAL MARKET , officially !

   With this , we expect the SENSEX to cross 50,000 by 2019 !

   Listed ” Private Sector ” companies will be able to attract funds at very low interest rates and deploy these for creating productive assets / employment

   These funds will also encourage Private Sector companies to take up long duration Infrastructure Projects – without asking the Governments to guarantee ” Viability Gap Funding ”

   > CAPITAL ASSETS CREATION SCHEME

   Under this scheme , companies will be granted an ” Accelerated Depreciation ” on incremental Capital Assets created during the year

   This will encourage companies to plough back their profits into creating manufacturing capacities , thereby improving the contribution of manufacturing to our GDP

   Simultaneously , this scheme will give a huge boost to India’s Capital Goods Industry – the mother of all industries !

   I hope the Manifesto – Writers of BJP / AAP etc examine these schemes and ask of themselves ,

   ” Will these meet EC’s Code of Conduct ? ”

   * hemen parekh ( 27 March 2014 / Mumbai )

   Reply