FM Arun Jaitley says;GST Bill is will of the people
FM Arun Jaitley says;GST Bill is will of the people
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Arun Jaitley, the Finance Minister yesterday termed the passage of the GST Bill as people’s pressure was what spurred the politicians to pass the Bill in Parliament.

At the OP Jindal Global University’s convocation ceremony Fm said “The common thing between the GST and Bankruptcy Bills was that they were passed unanimously. This shows that there was very strong public opinion inflicted on the politicians that now was not the time to go slow.”

As per the Jaitley added, “Countries are resorting to desperate measures to achieve growth, such as negative or negligible interest rates, competitive devaluation of currencies. But India is coming out of this very well.The world would increasingly be turning to India to supply the manpower needed, something that can be to India’s great benefit”

“The world will need more hands and minds in the coming year.We have a surplus population in agriculture and even when we start to increase the size of our manufacturing, our main strength is services”,he further said.

The Finance Minister said India’s education sector had progressed jump and limits from the time when the only option was public sector educational institutions.

“When there was regulation, the system was for the government to raise taxes and create educational institutions,” he said. “Then, when it was opened up, many private sector universities came up.”

“Often it is suggested that most of these private sector institutes are not up to the mark,” Mr. Jaitley added.

“But these will fall by the wayside. The advantage of being private is that they are not bound by government structures, and they can attract the best global teaching staff.”

 

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