Union Rural Development Minister Jairam Ramesh criticized Modi for listening to people like yoga guru Baba Ramdev, who had demanded abolition of all kinds of taxes and pitched for a single 'Banking Transaction Tax’.

Modi promises to reform taxation system

"So far Modi has shown lack of knowledge of geography and history and if he is going to listen to Swami Ramdev, all the people of economics... what can I say? Modi is now adding economics to the list of subjects he knows nothing about. First it was geography, history and now it is economics," Ramesh said.

Ramesh pointed out that the 1957 budget presented by then finance minister TT Krishnamachary had an expenditure tax and it was abandoned very soon.

He also alleged that Modi's aim was "to help the rich and a few people" in the country.

Promising reform in the taxation system in the country, Modi had earlier said that the present system had become a burden on the common man.


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