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  • March 20, 2019

Fin Min Jaitley: Modi Govt Introduced Much Needed 2nd Gen Reforms

Finance minister Arun Jaitley said the Narendra Modi-led NDA government had systematically and consistently introduced much-needed second-generation reforms. He enumerated some of the 14 game changing decisions: taxation reforms, measures to curb black money, enactment of the Insolvency and Bankruptcy Code, demonetisation, steps to check inflation, supporting cooperative federalism, launching the Ayushman Bharat scheme, social sector investment and infrastructure development.

The Finance Minister further commented that the National Front government partly rationalised direct taxes and the first NDA government took important decisions with regard to infrastructure creation and prudent fiscal management
He added that five years is not a long period in the life of a country. It can, however, be a turning point in its direction and referred to the example of 1991, describing it as important watershed in Indian history.

“I have outlined above only fourteen game changing decisions of the government which impacted the economy. The economy expanded at a rate faster than any other country in the world. Our revenues went up and we ensured that the benefit of prosperity and the first right to the exchequer going to the poor is maintained,” he said. It will be the government's endeavour to maintain this direction in future also, he added.

 

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