Zee Media Bureau
New Delhi: As the NDA government under Narendra Modi entered its second year, Finance Minister Arun Jaitley on Sunday outlined the economic road map for the year ahead and said making taxation reasonable and ease of doing business would be a priority.
Making taxation reasonable and ease of doing business will be priority, Jaitley told a news agency.
While the Modi government has taken up various steps and reforms to rebuild the economy, India has been adversely affected by the tax system.
Industry body Assocham gave the Modi government 7 out of 10 for its first year's performance and said it still needs to cover some ground on tax issues and a lot more needs to be done on improving ease of doing business.
“....the NDA government has to cover some ground in terms of taxation issues, particularly with regard to FIIs' problems on retrospective liabilities and in taking big-ticket infrastructure projects off the ground," the chamber said in a statement.
The Finance Minister also dismissed any perception that nothing has moved on the ground on the policy front in reviving the economy and said that view was confined only to a section of critics.
Answering a question about voices from India Inc. complaining that the government was not walking the talk, Jaitley said there was no such "overwhelming perception".
Some of the reports complaining about the economy not having taken off were "inspired news items referring to a dozen people without naming a single", he said.
With PTI Inputs
