May 15, 2016 2:01 PM

printer

GST Bill to be put to vote in next session of Parliament: Jaitley

Union Finance Minister Arun Jaitley has said the Goods and Services Tax (GST) Bill will be put to vote in the next Parliament session even if Congress continues to oppose it. <br/><br/>In an exclusive interview to All India Radio, he said only one political party is opposing the bill and that is a political opposition, not an ideological one. <br/><br/>Calling GST bills' passage as a testing proposition as far as reforms are concerned, the Minister said, he is trying his best to talk with Congress leaders, so that they can come around.<br/><br/>Replying to a question on Direct Benefit Transfer scheme, the Minister said government is not cutting subsidies but rationalising them. He elaborated that the objective of the government is to ensure that the subsidies reach the poor. <br/><br/>Saying that DBT was successfully implemented in LPG distribution, he informed that it is being tried in other areas like fertiliser and food.<br/><br/>Speaking on job creation, the Minister acknowledged that jobs are being created in start ups and IT sector, but impressed that it is the manufacturing sector which can create more jobs.<br/><br/>Replying to a question on ease of doing business, Mr Jaitley said last years' reforms brought India up in the global rankings. Observing that the reforms process has continued this year, he said the enactment of Bankrupcy Law will lead to further upward movement in the ranking. <br/><br/>However he also noted that the most important impediment lies in the construction, building and real estate sector. He said these reforms have to take place at the level of states.<br/><br/>Mr Jaitley also said government has taken number of initiatives to boost country's growth, such as concentrating on rural areas, liberalising economy, and removing discretions and wasteful subsidies.

Most Read
View All arrow-right

No posts found.