Economic measures to show positive outcome in long-term: Jaitley
The Dollar Business Bureau Finance Minister Arun Jaitley said on Thursday that the positive effect of the economic measures that has been taken by the current government would be visible in the medium to long-term. Jaitley said that in spite of slowdown globally and the previous government leaving the country among the ‘Fragile Five’ nations of the world in 2014, the current government, under Prime Minister Narendra Modi, not only undertook huge structural reforms but it also made the country a fastest-growing economy, consecutively for three years. “Some of the structural reforms undertaken by the government were attempted by the previous dispensation too, but it failed to do so because of several reasons,” the Minister said in the Rajya Sabha while replying to ...
Jaitley pitches for reforms, not populism, to push growth
Source : PTI Making a case for 8-9% growth rate, Finance Minister Arun Jaitley on Saturday indicated that his upcoming Budget will not resort to “sheer populism” for good ratings and will focus on structural reforms. He also expressed hope that the Congress will “see reason” and help the government pass the Goods and Services Tax (GST) Bill in the Budget Session of Parliament beginning next month. “Indian economy has to be out on sounder platform. Don’t forget India is one of the few economies of the world that survived 2001, 2008 and 2015 (global crises),” he said. Stating that fundamentals have to be strong enough, the finance minister said, “The Budget has to weigh the areas of weaknesses where investments ...
