FM Hopeful Of GST Bill Passage In Monsoon Session

Confident of support from regional parties like SP, BSP and DMK, Finance Minister Arun Jaitley hoped that the GST Bill will be approved in the monsoon session of Parliament and said the government will not relent on crackdown against corruption to win Congress backing, reported PTI.

As the NDA government completes two years in office, Jaitley painted a rosy picture of the economy, saying growth could accelerate further to 10 per cent as bad loan situation is improving and all steps have been taken to dig out black money.

FM Hopeful Of GST Bill Passage In Monsoon Session

The minister further said that since the NDA came to power, the country has been "definitely witnessing good days" compared to the days of scam and corruption and "policy paralysis" that marked the UPA regime.

Speaking at two separate events during the day, Jaitley said that because of the decisive leadership provided by Prime Minister Narendra Modi in the past two years, India has emerged as a 'bright spot or sweet spot' while other major economies are facing a slowdown.

The economic growth rate, the minister said, could accelerate to 10 per cent on the back of good monsoon and global tailwinds.

"If the growth momentum continues for another 10-20 years, it would be possible to remove the scourge of poverty," Jaitley asserted.

Read more about: gst, finance minister
Story first published: Tuesday, May 17, 2016, 9:10 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?