Finance Minister Arun Jaitley today said that government is planning to unfold disinvestment of its stakes in Public Sector Units, PSUs to revive the economy. Addressing a gathering during the 25th India Global Forum in new Delhi, Mr.Jaitley said that the government is considering to bring down its stake in PSU banks by 52 percent to invite capital inflow for successful implementation of financial inclusion programme. He said, the Modi led government is tax friendly and is committed to give exemption to those who are not in position to pay.

On the issue of Goods and Services Tax, GST, Mr Jaitley said, government is in the last stage on discussion with State governments and hoped that the amended GST will be brought in the winter session of the Parliament. The Minister said that economy was and is in challenging situation and one of the prime challenges for the government is to restore confidence of the investors.

Mr Jaitley said the government will amend the land acquisition law even if the opposition does not support it in the winter session of Parliament. On the issue of Insurance Bill, the Minister said that government hopes to get it passed in the forthcoming Parliament session.

Meanwhile, on the issue of WTO Trade Facilitation Agreement, TFA, the Commerce Minister Sitharaman said, India believes in multilateralism and as one of the founder members, it is committed to WTO. She said that India has been demanding course correction in TFA seeking complete resolution of the food grain stockpile issue which is essential for unhindered implementation of the country's food security programme. The current WTO norms limit the value of food subsidies at 10 per cent of the total value of food grain production.