Govt Should Plan To Tax Rich Farmers: Bimal jalan

Posted By: Religare
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Former RBI Governor Bimal Jalan has said that he is in favour of taxing rich farmers earning above a certain threshold, without hurting the interests of those with small farms.

Govt Should Plan To Tax Rich Farmers: Bimal jalan
The former Governor pitched for a rating upgrade for India due to a number of steps taken by the government.

Commenting on the issue, former RBI Governor Bimal Jalan told the media, "The... question is that supposing you have large farms and you have an income from those farms which say exceeds certain high levels of income, then you can think about taxing that high level of income."

"A very large proportion of the population has small farms and we should not do anything which can hurt them. Measures have been taken by the current government to reduce corruption and complexity of the administrative system. But naturally, if you look ahead, then a lot more (needs) to be done, there is no doubt," he added.

Read more about: rbi, bimal jalan
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