Govt To Resolve Pending Taxation Issues: FM

The Indian Government has said that it has been making efforts to resolve pending taxation issues and promised to continue reforms to lift the country's economic fundamentals to make it an attractive investment destination, media reported.

Commenting on the issue, Finance minister Arun Jaitley told the media, "A number of them (pending disputes) have been put to rest and we are trying over the next few days so that many others can be put to sleep either by a judicial resolution or by an executive resolution."

"The government had many reform steps lined up to promote ease of doing business. It's working on measures such as a bankruptcy code, dispute resolution in major contracts, expeditious arbitration proceedings and a public procurement law. These are reforms which we are trying to put on track," he added.

The Finance minister also added that the Government was clear about the direction of economic Governance.

The Government is planning to restructure the model of Governance to take the burden of employment off a delicate agriculture sector, one which forces the pace of development of the services and urban sector and builds a vibrant manufacturing sector.