Justifying Tuesday’s presser announcing ‘Bharat Mala’ and the bank recapitalisation plan, Finance Minister Arun Jaitley said the announcements had nothing to do with the upcoming elections in Gujarat and Himachal Pradesh.
It is first time in history that continuously for three years, India’s economy has been one of the fastest growing in the world. Tuesday’s measures are long-term reforms.Arun Jaitley, Finance Minister
Jaitley on Tuesday, 24 October, had announced that the Cabinet had approved a PSU bank recapitalisation plan of Rs 2.11 lakh crore. He also introduced the ‘Bharat Mala’ project – under which 34,800 km of roads would be constructed.
Hitting out at the Congress for constantly deriding the GST slabs, Jaitley questioned if the Opposition party was against taxation on luxury items.
Bringing everything under 18 percent (GST) is helping those who spend on luxury items. Does the Congress want to make BMWs and Mercedes cheaper? I think Finance Ministers of Congress states know about slabs of GST, national-level leaders of Congress speaking on it, perhaps know less about it.
Rahul's yet Another Filmy Sarcastic Reply to Jaitley
In a reply to Arun Jaitley's presser in which the Finance Ministry claimed that the 'real GDP growth average is 7.5 percent in the last three years', Congress vice president Rahul Gandhi put out a sarcastic tweet using a Star Wars reference.
Gandhi used the most famous Star Wars quote - 'May the force be with you' but tweaked the word 'force' to 'farce' and shared a graphic from the Finance Ministry's presentation.
Earlier the Congress VP called GST the a 'Gabbar Singh Tax'
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