Arun Jaitley said that the GST will stabilise tax rates and even bring the rates down.
Finance Minister Arun Jaitley at the Economist India Summit on Wednesday hailed the Goods and Services Tax (GST) as a long-standing reform in indirect taxation.
He also stressed that the GST will stabilise tax rates and even bring the rates down.
Here are the key highlights of the event:
* GST a long-standing reform in indirect taxation, says Finance Minister Arun Jaitley
* GST to stabilize tax rates and even bring tax rate down in the long run, says Finance Minister
* National aspiration in support of GST reform, we have set stiff target to implement it: Arun Jaitley
* Have set a stiff target, running against time to implement GST: Finance Minister
* Health of public sector banks first priority for the government, says Finance Minister Arun Jaitley
* Reforms might have been delayed but never abandoned: Arun Jaitley
* Don't think the professionalism of CSO has ever been questioned, says Arun Jaitley on revised GDP data
* Government spending has gone up, confidence of international investors are up, record FDI are some positives in the economy, says Mr Jaitley
* India's growth rate is far below our potential, admits Finance Minister Arun Jaitley
* Private sector investment below desired levels as companies over-borrowed amid overcapacity and relatively lower demand: Mr Jaitley
* Scope of improvement in social sector schemes that help in poverty eradication, Mr Jaitley added.
He also stressed that the GST will stabilise tax rates and even bring the rates down.
Here are the key highlights of the event:
* GST a long-standing reform in indirect taxation, says Finance Minister Arun Jaitley
* GST to stabilize tax rates and even bring tax rate down in the long run, says Finance Minister
* National aspiration in support of GST reform, we have set stiff target to implement it: Arun Jaitley
* Have set a stiff target, running against time to implement GST: Finance Minister
* Health of public sector banks first priority for the government, says Finance Minister Arun Jaitley
* Reforms might have been delayed but never abandoned: Arun Jaitley
* Don't think the professionalism of CSO has ever been questioned, says Arun Jaitley on revised GDP data
* Government spending has gone up, confidence of international investors are up, record FDI are some positives in the economy, says Mr Jaitley
* India's growth rate is far below our potential, admits Finance Minister Arun Jaitley
* Private sector investment below desired levels as companies over-borrowed amid overcapacity and relatively lower demand: Mr Jaitley
* Scope of improvement in social sector schemes that help in poverty eradication, Mr Jaitley added.
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