Finance Minister Arun Jaitley has said that his Government is committed to bringing the economy back on track.

In his opening remarks during his Pre-Budget consultations with economists in New Delhi yesterday, Mr Jaitley said that economic growth cannot be compromised at any cost.

Economists gave various suggestions to the Finance Minister during the customary pre-budget meeting.These include, doing away with retrospective tax amendments and removal of all kinds of cess and surcharges.

Other suggestions were removal of dividend distribution tax and introduction of inheritance tax above certain threshold limit as in the case of many other capitalist countries.

Earlier, the Finance Minister held Pre-Budget consultations with representatives of Banks and Financial Institutions.