BJP, if voted to power, will try to abolish most of the taxes currently in place to generate more revenue and reduce inflation, its senior leader Nitin Gadkari said here today.

New Delhi: BJP, if voted to power, will try to abolish most of the taxes currently in place to generate more revenue and reduce inflation, its senior leader Nitin Gadkari said here today.

"Out of the 34 taxes currently paid, we will try and abolish maximum number of them and put an end to the license raj. This is how we can increase the revenues between 25 percent and 30 per cent," the former BJP President said at an event here.

This measure, he claimed, would also bring down the inflation rate while enhancing 100 percent transparency.

"I want to assure everyone that we will build up a tax system that will reduce inflation by 25 percent and there will be 100 per cent transparency," he said.

He, however, did not specify which taxes would be abolished. Slamming the government for failing to contain price rise, Gadkari said inflation has not crossed four percent anywhere in the world.

He took a jibe at the UPA government, saying "The gold medal would go to Sonia Gandhi and Manmohan Singh, if there is a competition held to ascertain the maximum inflation rate in any country of the world."

Gadkari also talked about solutions to boost exports and minimise imports in a bid to improve the economy of the country.

PTI