Finance Minister Arun Jaitley has said that the infrastructure sectors like coal, power and cement have been recording double digit growth in the last few months while growth in manufacturing sector is still patchy. Mr Jaitley was making the opening remarks during the pre budget consultative meeting with the representatives of Trade and Industry in New Delhi today. He said that reviving manufacturing, diversifying its base and equipping it for robust long run expansion is one of the major challenges of the economic management. Mr Jaitley said that government still have lot of distance to cover in this regard. The Finance Minister said that ease of doing business is high priority for the government and it is working on this direction. He said that implementation of Goods and Services Tax is expected to improve the tax administration regime which will help in better implementation and collection of taxes. Mr Jaitley said that reforms measures taken in coal sector, insurance and amendments in Land Acquisition Act will make a major difference in improving the country's economic performance.
News On AIR | January 6, 2015 9:08 PM
Infrastructure sector recording double digit growth, manufacturing sector still patchy: FM