Arun Jaitley Promises Aggressive Reforms And Rational Tax Policy

Finance Minister Arun Jaitley has promised a reasonable and rational tax policy in order to further boost the financial sentiments. He also said that India will pursue an aggressive reforms policy in the upcoming months in order to attract investors bring the country back on the path of growth.

"Government has its plate full with respect to reforms for the next few months. Aggressive reforms will help India to grow faster... Hope India will get back on the investors' radar," he said.

The government is also looking to amend the land acquisition Act and the constitutional amendment bill for the Goods and Services Tax (GST) may also come up during the Winter Session of Parliament. The government has already started making changes in labour policy and has deregulated fuel prices.

"Economy was and is in a challenging situation and one of the principal challenges before us is to restore the confidence in the Indian economy, to expand economic activity and move towards increasing the growth rate," he said.

Jaitley also expressed hope that the insurance bill to increase foreign direct investment limit will be passed in the upcoming session.