Union Finance Minister Arun Jaitley has said India can achieve even better growth rate if there is a favourable monsoon this year. In an exclusive interview to All India Radio, he said India can achieve its potential if the government continues its reforms, world starts growing faster, and oil and commodity prices remain at moderate level. The Minister said reform process must continue to maintain credibility.
On Goods and Services Tax Bill, Mr Jaitley said it has been a testing proposition as far as reforms are concerned. He said Congress’ opposition to GST Bill is political. Saying that he is trying his best to make Congress come around, Mr Jaitley said the Bill will be put to vote in next Parliament session even if Congress continues to oppose it.
Replying to a question on Direct Benefit Transfer scheme, the Minister said government is not cutting subsidies but rationalising them. He elaborated that the objective of the government is to ensure that the subsidies reach the poor. Saying that DBT was successfully implemented in LPG distribution, he informed that it is being tried in other areas like fertiliser and food.