India needs bold decisions, time now to clean up table: Arun Jaitley at Vibrant Gujarat Summit

Finance Minister Arun Jaitley has emphasised that India needs bold decisions and time has come to clean up the table.

India needs bold decisions, time now to clean up table: Arun Jaitley at Vibrant Gujarat Summit

While addressing the Vibrant Gujarat Summit in Gandhinagar, Finance Minister Arun Jaitley has emphasised that India needs bold decisions and time has come to clean up the table, adding that excessive paper currency has its own vices and leads to its own temptations.

Demonetisation “is going to have an impact over the course of our present and future lives,” said Jaitley. “Difficult decisions initially pass through difficult phases. Historic decisions have temporary pain attached to them.”

“After transient impact, demonetisation will lead to cleaner and larger GDP,” the added.

Union Finance Minister said most of the issues regarding Goods and Service Tax have been resolved, there are a few critical issues that still need to be addressed. He added that the impact of both GST and note ban policy will be felt this year.