Modi assures reforms on GST |
India`s Prime Minister Narendra Modi said that the process of taking important economic decisions would continue. His assertion came at a time when the Opposition parties have been targeting the government over the GST and demonetisation moves. Stating that 27 lakh “new citizens” had come to the “mainstream” after joining GST, the Prime Minister assured businessmen who were “afraid” that the government would not dig out old records. He assured them that no officer will be entitled to open their old accounts and probe them. The economy of the country is on the right track and direction, he said on a day he launched a roll-on, roll-off ferry service from Ghogha in Saurashtra to Dahej in south Gujarat. He said that earlier trucks had to wait long hours at checkposts but with GST, the cost of transport had reduced and corruption at checkposts came down. Modi also spoke of starting an industrial revolution through a “blue economy”, where water would be the growth engine. Blue economy was one of the facets of the Sagarmala project, which would generate about one crore job opportunities. Today Indian economy is burdened with 18 per cent cost of logistics.The country spends more on shipping, which is why essentials, when they reach the poor, become expensive because of transportation costs. By maximising the use of water transport the cost is cut.
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