NEW DELHI: Union Finance Minister Arun Jaitley has expressed hope that Goods and Services Tax and Bankruptcy Bills will be passed during the second part of the Budget session of Parliament.
Stating that it will give a major boost to the reform process in the country, Jaitley said, “The government is going for a simpler indirect tax regime to improve ease of doing business.”
Speaking at Advancing Asia conference here, the minister said the Centre is giving emphasis on rural infrastructure and social sector and the country’s growth model is based on eradication of poverty.
He said the government is focussing more on cleaning banking system and dealing legacy issues.
Jaitley however, said though there is lot of volatility in world today, the IMF recognised India as a bright spot.
He said Indians have become more aspirational in last 25 years, since the new economic reform started.