He said, 'The focus area for India is developing infrastructure with housing and skill development also on agenda'
FM said GST Council is deliberating on ways to reduce the taxation process, including assessment by tax officials
India has always taken the position of improving relations with Pakistan, says Arun Jaitley
"Black money has been a norm in India for seven decades, we want to confront it and create a new normal," Jaitley said
The FM thanked Odisha Chief Minister Naveen Patnaik for backing the Centre on demonetisation and the GST
Jaitley was speaking at his first pre-Budget consultative meeting with representatives of agriculture groups
India continues to be ranked low, at 130th position, in terms of ease of doing business index
Jaitley added that the government was aiming to implement the new sales tax next April
He said only those with large amounts of undisclosed money will face consequences under existing laws
Arun Jaitley and UK Secretary of State for International Trade Liam Fox voiced concerns over the protectionist measures seen in some parts of the world recently
The Narendra Modi government will step up reforms to attract more investment and fill up infrastructure deficit
Unlike developing economies, voices seeking protectionism are almost absent as the economy expands, Jaitley said
Jaitley calls upon the banking sector to support corporates to propel growth
He says, when history will be written, 1984 will be known 'vinash ka saal'
It will come up in Amaravati, across 950 acres area on the banks of Krishna River
He said that over the next two decades, urban population will substantially increase from the current 31%
The minister further said rapid urbanisation India is experiencing will make it a nerve-centre of growth
Expecting a substantial increase in urban population, Jaitley said urban India could become the nerve centre of growth
Arun Jaitley has launched the service. Central Board of Direct Taxes or CBDT will soon offer this facility on a monthly basis
He said slowdown in several parts of the world has created a situation that a lot of foreign capital is coming into the country