Rolling out GST, rationalising direct taxes and ensuring further ease of doing business will be at the top of his agenda in the New Year, Finance Minister Arun Jaitley said on Sunday and also promised more money into physical and social infrastructure in 2016.
He also said that “there are areas (in which) we have to respond faster”, although the country responded well to the challenges posed by the slowdown in global economy during 2015 and the growth rate will improve further in “months to come”.
Outlining his top priority areas for 2016, the Finance Minister said he would continue with structural reforms and the priorities would include GST, rationalising direct taxes, and further easing the system of doing business.
“After having done that, I would like to concentrate essentially on three things — more money for physical infrastructure, more money on social infrastructure and lastly more money on irrigation because that is a neglected sector,” Jaitley told PTI in an interview.
He dismissed the grumblings about the economy not having taken off as “cynicism” and said India has performed well in “a year of turmoil and volatility” globally.