Union Finance Minister promises banking reforms ahead of Budget
Days ahead of the Union Budget, Finance Minister Arun Jaitley reiterated the BJP-led NDA government’s commitment to big bang reforms on Sunday.
While crediting former Prime Minister Manmohan Singh for kickstarting reforms in 1991, Jaitley said that it was only the current government that had heralded second generation reforms. “To be fair to former PM, he started as an FM and did a great job,” Jaitley said at the CNN Asia Business Forum 2016 held in Mumbai. “Second generation reforms have started less than two years ago that the government will continue.”
The government has consistently moved in one direction and the total of all steps taken is “much more than incremental”, he said.