You are here: Home » Economy & Policy » News » GST
Business Standard

Steps taken to lead India into league of developed nations, says Meghwal

Reforms were aimed to help the industry and the government stood by its commitment, says Meghwal

Press Trust of India  |  Chandigarh 

Arjun Ram Meghwal
Arjun Ram Meghwal

Major economic reforms undertaken by the Narendra Modi-led regime at the Centre were of vital importance to lead the country into the league of developed nations, Union Minister said.

"From to promoting digital transactions and now implementing the (GST) from July 1 are all steps in this direction. Our ranking in ease of doing business has also improved from 142 to 130.

"These steps have pulled the shadow economy back and increased the tax base with the addition of 91 lakh taxpayers," Meghwal, the Minister of State for Finance and Corporate Affairs said while addressing the industry here.

is the biggest economic reform to achieve a level playing field with the developed nations of the world, he further said.

He also replied to queries from the industry members on various provisions of raised by them such as input tax credit and advance taxes.

He said that the reforms were aimed to help the industry and the government stood by its commitment.

On this occasion, Chandigarh MP said, "In the last three years, our government has moved ahead on nearly all fronts including macroeconomic stability, infrastructure, energy, foreign direct investment (FDI) and agriculture."

"With an excellent base of communication network, technical institutes, connectivity with other states, Chandigarh is rapidly emerging as a regional hub in the areas of service industry, education, healthcare, information technology, trading, tourism etc.," she added.

First Published: Sun, June 11 2017. 22:00 IST