1. Arun Jaitley: We are being criticised for acting too fast

Arun Jaitley: We are being criticised for acting too fast

It’s an irony that after having seen lethargic govts, you today have a govt which is criticised for being too fast...

By: | New Delhi | Published: February 20, 2015 2:31 AM

A day after HDFC chairman Deepak Parekh went public regarding the “creeping impatience” in India Inc over the slow economic growth under Modi’s government as well as the lack of visible changes on the ground, finance minister Arun Jaitley on Thursday defended the government, saying it is ironic that it is being criticised even when it is trying to push reforms through the ordinance route.

Speaking at a function to launch the portal ‘e-Biz’, Jaitley, in a veiled reference to Parekh’s comments, said: “It’s an irony that after having seen lethargic governments, you today have a government which is criticised for being too fast.”

Maintaining that the government opted for the ordinance route to fast-track legislative changes to promote businesses, he said: (People are saying) why do you bring ordinances, you should wait till the cows come home and everybody can be settled and decisions can be taken. So in fact one great criticism which has come is you should have waited and not acted fast.”

Referring to UPA rule, he said it only managed to score a lot of “self goals”. “In a country where you are not certain whether you will get land to set up business, you are not certain as to the stability and predictability of taxation, and I think we scored too many self goals in the past,” he said. Jaitley said the “ultra aggressive” tax policy of the UPA, including the retrospective taxation, not only shooed away global investors but also prompted domestic investors to consider business friendly overseas destinations for investment.

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  1. A
    Agni shiva
    Feb 20, 2015 at 11:33 pm
    HDFC chairman Deepak Parekh is living in fools paradise. He must be coming from Mars just now. Any Indian living in India with a reasonable reasoning power will never spit such non sense statement. People of India know very well than this HDFC chairman Deepak Parekh regarding the changes in the ground. One humble question for HDFC chairman Deepak Parekh . Could u change atleast your household items in a month time? For Modiji, India is his life and Indians are his family.
    1. A
      Agni shiva
      Feb 20, 2015 at 8:33 pm
      o Mr.HDFC chairman Deepak Parekh! Your comment shows you are not living in India and you must come from Mars. If you are an Indian living for few decades in India you would have seen the difference of speed of previous congress government and present BJP government. With your permission can I ask a question? Can you atleast change your household things in a month time? For Modiji India is his life and every Indian is his God. HDFC is lowering its stature by keeping such personalities in its helm.
      1. Ranganathan Balasubramanian
        Feb 21, 2015 at 9:19 am
        The tendency of the people when the government is active and fast they criticize and if slow again they criticize. These all are for the political gains and not for improving india. Now we got best PM and FM in this govt. and they should not mind this kind of comments. If they feel are correct They should go ahead with full confidence and do their duties.
        1. H
          Hareesh reddy
          Feb 21, 2015 at 3:01 am
          Mr. Parekh do you think govt can just bring changes without Legislation? Are you such a fool or are you sore that you are not able to bulldoze your agenda and your business.
          1. R
            Feb 20, 2015 at 9:55 am
            What, HDFC needs tax relief !!!! We don't need HDFC in India.let them go out of the country if they tries to bull or pressurize the Govt and Indians .
            1. A
              Feb 21, 2015 at 12:38 am
              The problem with all government procedures is that the government clerks render them unworkable and/or impractical in order to employ touts and/ or collect "service charge". A visit to any office is akin to visiting a chat club with the staff engaged in great bonhomie (so as not to be termed "arrogant") to the extent of resenting any reminder that "loge" are waiting. The air is thick with "yaars", "vaadiyaars", "boss", "saars" and (lately) "gurus" flung around like flowers. The official "protector" of the female staff strutting about like a in a chicken pen is the worst of the lot. Better avoid the females unless you want to provoke a fight over territory. Makes you feel like leaving the change behind which is what it is designed to convey. Enough "like America" parivartans please.
              1. S
                Feb 21, 2015 at 1:20 am
                1. S
                  Sushil Gautam
                  Feb 21, 2015 at 10:18 am
                  God knows for which you are working fast. What about black money, which was your main agenda and people voted.
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