The Infosys co-founder NR Narayana Murthy is all praises for the Narendra Modi-led NDA government. On Wednesday, the industrialist said that a number of good things have happened in the last one year and that people should support the endeavours of the Indian PM.
We have a PM who is enthusiastic and working hard. People, all parties, the Opposition should rally behind him. I think a lot of good things have happened but it’s still early to say. Therefore, we must all be with the PM and support him and we continue to do things with the sense of efficiency, then I’m sure we will make some progress.
– Narayan Murthy
Demanding stable and transparent taxation regime, he said retrospective taxes should not be levied.
Transparent and Stable Taxation Policies
Murthy emphasised that taxation policies need to be transparent, stable, easy to communicate, easy to understand and comply with and one that creates confidence about the government among tax payers and therefore collect maximum tax.
Such a tax policy should have three fundamental principles – equity, certainty by not imposing taxes in an arbitrary manner and by not levying taxes in retrospective manner and by transparent method.
– Narayan Murthy
*Land Allocation: The former Infosys chief said efficient land allocation will benefit society as a whole.
*Airports: Delivering CCI lecture, he favoured that both port and airports should be ideally run by the private sector.
“We will have to show some patience and see how these models evolve,” Murthy concluded.
(With inputs from PTI)
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