PM Modi says will extend all possible help to support honest businesses

Prime Minister Narendra Modi has said he would leave no stone unturned to make India a best investment destination. He assured that the Centre would continue to aggressively push public sector investment and said the government would extend all possible help to support honest and law-abiding businesses. During an interview with the Economic Times, PM Modi said the government was committed to fulfilling the five-year vision of investment-led growth, with a target of Rs 100-lakh crore. He added the recent slowdown in the automobile sector was temporary and the government's target to make transition to electric vehicles was not a cause of worry.

 

He added India's tryst with Goods and Services Tax (GST) was outstanding as compared to other countries. He added that while some transitional challenges in the GST remained, procedures to streamline the process were in order. PM Modi said he had also asked pending transitional issues of genuine taxpayers and remaining MSME issues to be addressed on priority. In the interview, the Prime Minister said that due to rate reductions, an average middle class family saves Rs 1,500 per year in the form of lower tax.