Addressing a host of foreign leaders including Presidents, Prime Ministers and Foreign Ministers of several countries, in the Vibrant Global Summit 2017, at Gujarat’s Gandhi Nagar, Finance Minister Arun Jaitley, today stated that there had been bold decisions taken by the government for the economic growth of the country. Claiming that the government’s focus is to bring in transparency in the country, the Finance Minister further clarified that India need difficult decisions to clean up the table and also stated that difficult decisions will pass through difficult phases but for the betterment.
Speaking of the Goods and Service Tax bill, FM Jaitley claimed that the ministry had taken consensus for the bill and also asserted that most issues relating the GST bill have been resolved. However Jaitley also stated that a few critical issues relating GST are still left but will be resolved within the next few weeks. Jaitley also claimed that once the bill is implemented, the combination of a more digitized economy and the more effective tax system will help in the betterment of the economic growth of the country.
The Finance Minister even backed the newly implemented demonetisation policy, which imposed a ban on currency notes and said that excessive paper currency has its own vices as it leads to temptations. Stating that the government won’t allow shadow economy to prosper in the country, Jaitley said that discretion had to be eliminated and tough decisions have to be taken in order to strengthen the economy of the country.
Lauding the eighth edition of the Vibrant Global Summit, Jaitley said that the summit has become the foremost economic conclave of the country.