Indian businesses fear Congress’ guaranteed income plan, see higher taxes

Indian businesses fear Congress’ guaranteed income plan, see higher taxes

Congress party chief Sonia Gandhi (L) listens to her son and lawmaker Rahul Gandhi (R), at her husband and former Prime Minister Rajiv Gandhi’s memorial, on the occasion of his 23rd death anniversary, in New Delhi May 21, 2014. REUTERS/Adnan Abidi/Files NEW DELHI – India‘s main opposition Congress party is promising to introduce a minimum income guarantee for the poor if it wins power in an election due by May, alarming some big and small business leaders who are asking: Where will the money come from?

The programme – which would be one of the world’s biggest schemes for poor […]

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