- According to the Finance Minister, the govt’s clarity in policy directions and speedy decisions in the first 100 days has contributed to the brightened economic scenario and that it is inching closer towards the target fiscal deficit and also achieving higher growth rate in the coming quarter.
- Upcoming plans who effects would manifest in the upcoming quarters:
- Rolling out the Goods and Services Tax (GST).
- Enlargement of the exemptions under the Land Acquisition Act.
- Lowering interest rates to increase investments (however, the decision rests with RBI).
- Passing in the Insurance Bill in the next Parliament session.
- Roll out the disinvestment target.
- Read at: http://www.thehindu.com/todays-paper/govts-clear-policy-will-push-growth-beyond-57-jaitley/article6366002.ece