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Budget 2016: Arun Jaitley explains what is of prime importance for Indian economy

Thu March 03 2016, 7:11 am
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    Budget 2016: Arun Jaitley in a meeting with India Inc on Wednesday reiterated the need for fiscal discipline and said he was optimistic of the economic reform process moving ahead in Parliament - FM was speaking to representatives of industry associations FICCI, CII and Assocham.. But what exactly is it that is of prime importance as far as PM Narendra Modi led NDA government is concerned? Check out what Arun Jaitley says: (Image Source: PTI)

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    Arun Jaitley: Notwithstanding demands by allies and opposition and protest by jewellery traders, Finance Minister Arun Jaitley on Monday ruled out rollback of the one per cent excise on non-silver jewellery, saying the move is aimed to alligning gold with GST which he hopes will happen soon. (PTI)

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    Budget 2016: Arun Jaitley said, "I am also sure, if there is cooperation in the political sphere, that we will be able to go ahead with reforms." Presenting the budget in Parliament on Monday, Arun Jaitley said he had decided that prudence lies in adhering to fiscal targets, but while doing so, has also ensured that the development agenda is not compromised. (Image Source: PTI)

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    Budget 2016: Arun Jaitley has targeted reducing the fiscal deficit to 3.9 percent of the gross domestic product (GDP) in the current financial year, compared with four percent last year, and reduce it further to 3.5 percent in 2016-17. The fiscal deficit for 2014-15 touched 4.1 percent of GDP. (Image Source: PTI)

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