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Fear of 'tax terrorism' gone during NDA rule: Jayant Sinha

Press Trust of India  |  New Delhi 

Lauding the government's performance on the economic front, on Monday said to GDP ratio rose and the fear of " terrorism" was gone during its tenure.

After demonetisation, the compliance increased during 2017-18, the of State in the Civil Aviation Ministry said while intervening during the debate on the interim Budget in Lok Sabha.

Taking a dig at the UPA, he said earlier the development of country was at the pace of a cycle, but under the NDA government it was moving at the speed of an aeroplane or a rocket.

If the last four budgets were cakes, then this Budget is the iceing on the cake, Sinha, who was earlier a junior in the Ministry of Finance, said.

The Minister said that there has been change in the behavioural economics in the country.

"The tax to GDP ratio has increased from 10 per cent during the UPA rule to 12 per cent under our government," he said.

"Our taxation system has simplified and become more efficient. The fear of tax terrorism has gone," he said

Slamming the for targeting the government on the Rafale deal, he said the UPA could not even buy bullet- proof vests for the for 10 years.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 16:40 IST