Spreading Out Poverty Not A Solution: Jaitley

Jaitley Caught in Defence-Finance Crossfire www.ambitionias.com
  • Union Finance Minister Arun Jaitley said  :Distribution of poverty without growth is not a solution to India’s problems.
  • Mr. Jaitley was criticising the previous government’s ‘policy framework.’
  • Addressing a session on ‘Financing for Future Growth’ at the Vibrant Gujarat Summit, he said: We have to outgrow traditional mindsets. Tribal and remote areas cannot grow without a powerful push.
  • Referring to the controversy over the government taking the ordinance route, he said: The criticism our government is facing is why we are taking decisions so quickly.
  • Mr. Jaitley said: To attract investment, you must have stability of policy.”
  • Mr. Jaitley said: The government was currently “cleaning up the mess in the coal and power sectors”
  • The proposed reforms in the coal sector would help in the development of West Bengal, Odisha, Jharkhand and Chhattisgarh
  • He said the government planned to transfer a part of the benefit of the recent drop in oil prices to the highways sector.