He stated that he is looking into matter to find solutions.
The problem of black money and illicit flow to offshore jurisdictions and tax havens can be addressed only if this is implemented at a global level, Jaitley asserted.
We are investing in railways so that lower carbon modes of transport are preferred for freight, he said.
Jaitley said he is “acutely aware” that there are concerns about retrospective taxation, tax harassment and arbitrariness in tax administration.
The Bill has not found support even from BJP-ruled states like Gujarat, Maharashtra and Rajasthan.
Jaitley pointed out that land has been leased to each financial institution and other developers for just a token amount and there will be no cost to the exchequer in developing the city.
“Today when I visited GIFT City at Gandhinagar, I could see one of the most futuristic ideas coming up,” says Jaitley.
Upgrades India rating outlook from ‘stable’ to ‘positive’.
The CEA, however, said the focus of the government will be on what is required to improve growth.
Jaitley said Madhya Pradesh became a revenue surplus state after 2003 when it dislodged Congress from power.
The Bill has already been passed by the Lok Sabha and will be taken up by the Rajya Sabha when it re-convenes later this month.
Jaitley had proposed the MUDRA with a corpus of Rs 20,000 crore.
The price for the offer for sale of 4.93 crore shares of REC was decided on Tuesday at a meeting headed by finance minister Arun Jaitley.
So far, both BSE and NSE have evinced interest in setting up international exchange within the IFSC in Gujarat.
Gross collections for KVP were as high as Rs 21,631.16 crore in 2010-11, which was the year before it was discontinued.