FM Arun Jaitley on Monday held a meeting to identify areas to improve the business climate in the country
As PSBs sought higher capital support from the govt & tax incentives for senior citizens parking money in fixed deposits
The move would enable businesses with annual turnover of Rs 20 million to save up to 30% in tax payments
Jaitley said UPA during its 10 year continuous rule from 2004 to 2014 did not take a single step either against corruption or black money
The Finance Minister also accused the Opposition of raising the issue for publicity
He said, 'The focus area for India is developing infrastructure with housing and skill development also on agenda'
FM said GST Council is deliberating on ways to reduce the taxation process, including assessment by tax officials
India has always taken the position of improving relations with Pakistan, says Arun Jaitley
"Black money has been a norm in India for seven decades, we want to confront it and create a new normal," Jaitley said at the Hindustan Times Leadership summit here.
The FM thanked Odisha Chief Minister Naveen Patnaik for backing the Centre on demonetisation and the GST
Jaitley was speaking at his first pre-Budget consultative meeting with representatives of agriculture groups
India continues to be ranked low, at 130th position, in terms of ease of doing business index
He said only those with large amounts of undisclosed money will face consequences under existing laws
Jaitley added that the government was aiming to implement the new sales tax next April
Arun Jaitley and UK Secretary of State for International Trade Liam Fox voiced concerns over the protectionist measures seen in some parts of the world recently
The Narendra Modi government will step up reforms to attract more investment and fill up infrastructure deficit
Unlike developing economies, voices seeking protectionism are almost absent as the economy expands, Jaitley said
Jaitley calls upon the banking sector to support corporates to propel growth
He says, when history will be written, 1984 will be known 'vinash ka saal'
It will come up in Amaravati, across 950 acres area on the banks of Krishna River