23 November, 2014

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Budget to unveil 2nd generation reforms: Jaitley

A "whole set of second generation reforms" will be unveiled in the next Union Budget, Finance Minister Arun Jaitely said today, promising "a lot of exciting time ahead".

The country needs "a larger opening out in more sectors," it requires stability of policy and tax regime besides a "reasonable" cost of capital, he told PTI journalists at an interaction at the agency's headquarters here.



It is worthwhile to note that the country awaits several tax and legal reforms. Some of them are GST to implement indirect taxes in a smooth manner. Direct tax codes, changes in companies Act, 2013, labour law reforms and due transparency in capital markets both primary and secondary.
Source :- PTI

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