New Delhi: Finance Minister Arun Jaitley on Friday said that the National Democratic Alliance (NDA)has ushered in an environment of enthusiasm on the economic front and is taking decisions in order to promote development.
In a press conference, FM Arun Jaitley said, “There was a general environment of gloom one year back.”
While stressing on the clarity of vision, Jaitley said, “There has been transparency in the decisions that have been taken by this government.” “There’s absolute clarity where the Modi govt wants to go. The direction is growth and development.”
He said that wobbly economy, low job opportunities, high inflation, political logjam in Parliament and fears of a below normal monsoon are the next challenges to the government.
Turning around business sentiment and pushing social sector programmes would be on the priority list of the Modi-led government.
Jaitley said, “In the field of indirect taxation, we are in process of creating history by bringing most important indirect tax reform — the GST.”
Notify that GST is India’s most ambitious indirect tax reform plan, which aims to stitch together a common market by dismantling fiscal barriers between states. It is a single national uniform tax levied across the country on all goods and services except petroleum products, and alcohol for human consumption.
Jaitley had also highlighted the mantra of cooperative development of Prime Minister Narendra Modi and said that the government was committed to better Centre-state coordination.
Bureau Report
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