When I became finance minister in 1991, I discovered that the wealth tax rates income - there was taxation on wealth. It was so atrocious and so high that actually nobody could accumulate money in an honest way. I removed that tax, and the result was that Indian companies for the first time acquired an incentive to grow big, to grow rich.
Manmohan SinghIf the economy is growing fast, there is call for a distributing income from the rich to the poor to to put in place social safety nets.
Manmohan SinghIf Pakistan honors in letter and in spirit the commitment that it gave to Mr. Vajpayee in 2004, that Pakistan territory will not be used for promoting terrorist acts against India, the sky is the limit of cooperation between our two countries. Basically, we are the same people. There are ties of religion. There are ties of language. There are ties of culture.
Manmohan Singh