July 14, 2014 2:21 PM

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FM says, budget is beginning of the journey & he did all he could do

Brushing aside criticism of not having done enough reforms in the Budget, Finance Minister Arun Jaitley has said this was the beginning of the journey and he did all he could do under the given circumstances. In an interview to a news agency, Mr. Jaitley said the government has taken necessary steps which have not been taken in the past 10 years. He further added, each one of those major issues, whether it is insurance or real estate, defence, retrospective tax, simplification of tax administration and transfer pricing were important. The minister said that the tax relief given by the government in some sectors including that of housing loans will certainly help in reviving this sector.The Finance Minister Arun Jaitely said in 45 days the government has tried to address each one of them and has given impetus to the manufacturing sector.

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