tax regime, to rationalise it," he said, adding he had come to appreciate points made by Ramdev and his aides following his long interactions with them over the years.
The BJP President also seconded the yoga guru's demand, saying there is a need for reform. This alternative of transaction tax is very good. We will consider it and do the best we can".
Narendra Modi blamed the "wrong" policies of the UPA government for economic woes, saying it had resulted in the decline of manufacturing industry, which required an immediate boost if economy was to recover.
He said "policy paralysis" had resulted in lack of coal for power industry despite India having vast reserves of it. Power projects have stalled, forcing us to import steel as industrialists cannot manufacture it here in the absence of electricity even though we have plenty of iron ore, he said.
He also spoke about recent cases of gold smuggling, invoking decades of 60s and 70s when it was rampant and caused the rise of underworld.
"Even sand is being smuggled these days. We are talking about corruption. State needs progressive policy drive and its execution with transparency. It will remove corruption," he said.
BJP leaders also underlined their long commitment to fight against black money, recalling L K Advani's yatra across the country on the issue.
Narendra Modi said despite having over 65 per cent of its population under 35 years of age, Indian had failed to capitalise on the strength of its young population, blaming UPA.
"This demographic dividend could have been an asset but the country's leadership has converted it into demographic disaster," he said, recalling how a high-powered body set up by Prime Minister for skill-development never met for three years while it was supposed to meet every three month.
He said things can be turned around with strong will and intention, stating that the word 'disappointment' was not in his dictionary.
Rajnath Singh contrasted the achievements of Atal Bihari Vajpayee-led NDA government and UPA regime, saying the former enjoyed "current account surplus" while the latter suffered from current account deficit.
Only 27 lakh news jobs were added to the economy during the UPA rule while NDA created employment for over six crore youths, he said.
Ramdev also used the occasion to hit out at Delhi Chief Minister Arvind Kejriwal and his party AAP for forming government with the support of Congress.
"There will be two poles in the elections. One will have