From social responsibility, can't suddenly shift to Thatcher-like reforms, Jaitley says in interview
New Delhi, Feb 29: Union Finance Minister Arun Jaitley on Saturday said in an exclusive interview to Anandabazaar.com that to carry out an economic reform in India, one has to keep in mind the huge rural society that the country has.
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Replying to a question on whether the Narendra Modi government would finally bring in a big ticket reform, Jaitley told veteran journalist Jayanta Ghoshal that a welfare state can't ignore its social responsibility. It can not be expected that we suddenly shift gears to Margaret Thatcher-like reforms from a stand of social responsibility. According to him, there is no conflict between social projects and economic reforms.
"We need to eradicate poverty and also reforms in productivity. We also need heavy industry and production," he said.
To a question that the government has failed to pass any bill and also withdrew the land bill, Jaitley conceded to the fact that his government has failed to pass a number of bills because of the NDA's numerical weakness in the Rajya Sabha. He said the the Centre has decided to pass on the issue of land aqcuisition to th states since there is no consensus on the matter.
Jaitley
also
said
India
is
doing
good
despite
the
fact
that
the
economic
situation
is
not
healthy
across
the
world.
He
asked
everyone
not
to
be
cynical
in
judging
India's
economic
growth
for
the
speed
of
growth
for
the
country
could
be
slow
at
times.
When
Ghoshal
asked
whether
he
has
become
softer
now
compared
to
his
aggressive
stand
on
economic
reforms
earlier,
Jaitley
said
he
never
had
plans
to
be
a
hardliner
on
economic
issues.
The
Union
finance
minister
said
he
is
satisfied
with
his
government's
functioning,
adding,
however,
that
he
would
be
happier
if
the
Goods
and
Services
Tax
Bill
is
passed.
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