Terming Goods & Service Tax (GST) as biggest taxation reform in the Independent India, Union Finance Minister Arun Jaitley on Tuesday said that BJP led NDA Government is committed to provide ease of doing business across the nation. “GST will bring uniform rate of taxation and this arrangement would avoid tax on tax. The goods can be transported form one point to another without any hassle,” said the Finance Minister while addressing a Press conference in Ahmedabad.
He also advocated to make direct taxes compatible and indicated that his Government is in the process to bring reform in direct as well as indirect taxes. “During the one year of Modi Government country’s image has been improved across the world. The nation is coming out of the policy paralysis which was scene in the past few years in wake of spectrum, coal, commonwealth games related scams,” he said adding that investors were shying away following such reasons, but in the past one year we have been able to control fiscal deficit, inflation and falling forex reserves and as result of it confidence in Indian economy has returned.
In the one year, the NDA Government has taken several decisions which would enhance growth put the country in the development path, he said, adding that schemes like Jan Dhan Yojana, policy adopted by the Government on natural resources, formation of Mudra Bank, social security to poor people, Atal Pension Yojana etc will have long-term benefits for the masses.
He also indicated to float a scheme for senior citizens with a corpse of over Rs6000 crore from the unclaimed money which are lying unutilised in different banks. He termed Congress-led UPA Government’s model as crony capitalism as against NDA’s honest transparent liberalisation.
The PM had visited as many as 18 countries during the period, which has changed the idea about India completely, he said. According to him strengthening federal structure of the country was not mere slogan for the Union Government but every State is getting more allocation compared to previous Government in order to make States more powerful.