"We are getting constitution amended for GST on which discussions have been on since long...Since Congress' time. I am confident that we will do those amendments and pass the GST," Singh said.
"Due to lot of structural and procedural changes that we have brought in and due to foreign direct investments, also by integrating certain new things to our economic system we can proudly say that India is today the fastest growing economy in the world," he said, addressing 'Karnataka Raju Kshatriya Samavesha' function here.
Praising the administration of Maharaja Krishnadevaraya of Vijayanagara empire, who ruled between 1509-1530, Singh said during his rule the great king had brought in some structural and procedural reforms, like the Prime Minister Narendra Modi-led government is trying to bring in today.
He said Krishnadevaraya for the first time eliminated several old and outdated laws and replaced them with new ones, keeping the welfare of the people in mind.
Highlighting the prosperity of the Vijayanagara Empire, Singh said "For the progress of India there is need for foreign direct investment, you will be surprised that even during Maharaja Krishnadevaraya's reign, foreigners used to come and invest here. That's the reason why his empire was prosperous."
"Our government has eliminated as many as 1200 old laws in two years and we will replace them with new ones," he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
