Promises more tax reforms and blames opposition for stalling bills
GN Bureau | May 22, 2015
Satisfaction and positive sentiments are major themes of one year of Modi government. This is what came out at a press conference on Friday addressed by finance minister Arun Jaitley in the national capital to mark one year of the Narendra Modi-led NDA government.
He termed the one-year performance of the government as more than satisfactory and claimed that the sentiments have changed from despair to hope in the last one year.
Jaitley said India's economy has come a long away from the general environment of gloom that existed a year back. There's a sense of excitement about India's economy, he said.
He blamed the opposition for creating roadblocks in the goods and services tax (GST) bill, which he termed as the "most important" indirect tax reform in the history of India. The GST and the land bills will be taken up in the next parliamentary session, he added.
Highlighting the exemptions that the government has announced for individual tax payers, the finance minister said people who pay taxes have more money in their pockets and can save more.
Some of the highlights from the press conference:
For the past 25 years, India has been rising in stature. It is continually called an upcoming superpower but has been unable to reach the promised status. India’s importance in the world is more due to its immense population and potential as a market than any objective assessment of development. Indi
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