Finance Minister Arun Jaitley said that there is no cause for concern on fiscal deficit and the government will meet its target for the current fiscal despite certain challenges on the disinvestment front. Speaking at India Africa Forum Submit in New Delhi, Mr Jaitley said the manner in which tax revenues and expenditure are moving the government do not see any difficulty to meet the target. Admitting that disinvestment is a challenge mainly on account of global problem, Jaitley said the metal stocks are not doing particularly well, and metal was a large part of kitty that the government had planned for this year. Mr Jaitley also said the government is working on further easing of FDI norms by removing conditionals which may not be necessary in today's context. On the issue of Goods and Services Tax, Mr jaitley said all efforts would be made to persuade opposition to allow the government to pass the Goods and Services Tax ,GST bill in the forthcoming Winter Session of Parliament.
News On AIR | October 27, 2015 2:25 PM
Fiscal deficit not a cause for concern, says Arun Jaitley