The Finance Minister Mr. Pranab Mukherjee said that there is no trust deficit between the government and industry. Speaking at a function of Confederation of Indian Industry, CII in New Delhi on Sunday, Mr. Mukherjee said that both the government and industry are partners in the task of nation building. Mr. Mukherjee said the government is working on a model legislation for the new indirect tax regime. He said that the proposed Goods and Services Tax, GST Constitutional Amendment is currently with the Standing Committee on Finance. The Minister also expressed confidence that the Direct Taxes Code, DTC will be legislated in 2012-13, and ready for implementation in the following year.Mr. Mukherjee said that the Country needs look beyond coal based power plants to meet its energy requirements. He underlined the need for exploiting other source of energy for the purpose.The Minister said that agitations against setting up of nuclear power plants are preventing the country from achieving its energy requirement.
News On AIR | March 26, 2012 9:11 AM
No trust deficit between govt, industry: Pranab