Arun Jaitley attends Make in Odisha Conclave today

Odisha Chief Minister Naveen Patnaik today held one-to-one discussions with industry leaders of 19 different business houses during the second day of Make in Odisha conclave seeking investment for the state.

Even two-and-a-half years after the NDA came to power, people remember the previous UPA regime for corruption, Finance Minister Arun Jaitley said today, asserting that demonetisation would go a long way in curbing black money. There is not a single charge of corruption so far against NDA", he said while speaking on "Indian economy: "The new normal" at a function. Speaking at the "Make in Odisha" summit today in Bhubaneswar, the finance minister in a perhaps reference of demonetisation said that some changes that are taking place now look hard in present context but has a huge potential to bring changes in the long run.

It is a constitutional compulsion, the Union Minister said adding that if any one wanted to create problem in the implementation of the GST, he would not succeed. The finance minister said the demonetization will lessen paper currency and give rise to the prevalence of digital currency.

"Two categories of people have not changed - politicians and media people". The Prime Minister redefined the new normal though his bold initiative of demonetisation of high currency notes. "And one of the great challenges is its growth rate must continue to expand", Jaitley added. "However, they don't realise the country has already changed and people have accepted the move of the Government", he remarked.

The Union Finance Minister said what surprised him the most was when he was informed by the banks that 80 crore credit and debit cards are in circulation while 45 crore of these cards are active. If it was not implemented due to impact of demonetization, the GST will be certainly be implemented by September 16, 2017.

Mr Jaitley said the demonetization has some problems but hoped that it would bring bright future for the country and for the coming generation.

  • Delores Daniels