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Narayana Murthy for supporting Modi
New Delhi, May 20
Assessing the first year of the NDA government, Infosys co-founder
N.R.Narayana Murthy said on Wednesday that Prime Minister Narendra Modi
should be supported in his endeavours.
"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," Murthy said here delivering the sixth annual lecture of
the Competition Commission of India.
"We should all rally behind
him. I mean individuals, political parties, those in opposition,
bureaucrats at state level and central level, corporate houses, academic
institutions everyone. If we provide support, then I think we can move
fast," he added.
He said every bureaucrat must reflect on what he or she did so as to reduce the friction between government and business.
Equally
important for business is a "corruption-free judiciary" which is also
updated and holds the knowledge of the global best practices in legal
matters, Murthy said.
"And if we continue to do things with the sense of efficiency, then I'm sure we will make some progress," he added.
On
the government's taxation policies, he said these should 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," he added.