Prime Minister Narendra Modi spoke to the Business Standard and the Economic Times on Monday, ahead of the monsoon session of parliament.
In his interview to the Business Standard, Modi elaborated that the government has eschewed populism, and stuck to the path of fiscal prudence.
On the crucial question of tax reforms, Modi said “we need to move from a situation where only a few people pay direct taxes, and many escape, to a situation where many people pay a moderate amount.”
Here are some of the other highlights of Modi's interview with the Business Standard.
Public Sector Banking Reforms
[Banks Board Bureau] is a big reform measure and would also help professionalise the bank managements.Narendra Modi, Prime Minister
In his interview to the Economic Times, the prime minister said his government's reforms “go much further than FDI.”
Here are some of the other highlights.
Reform Initiatives
...the Bankruptcy Code, which we have passed, will greatly increase the speed and efficiency of recovery of loans. This will stimulate a vibrant credit market in the country and enable much higher level of financing for economic activities, thereby creating employment.Narendra Modi, Prime Minister
Fate of GST
I do not think any political party will try to commit suicide by opposing GST.Narendra Modi, Prime Minister
Parliamentary Reforms
The government's work comes to a standstill during elections. That is why many people are calling for holding the Lok Sabha and Vidhan Sabha elections simultaneously. If this happens, the character of the Rajya Sabha will also be in tune.Narendra Modi, Prime Minister
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