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Real estate is easiest to bring under GST, Arun Jaitley says

Jaitley while addressing the 2nd India Investor Summit discussed various issues of Indian economy like inflation, black money, private investment, disinvestment, banks capital requirement and farm loan waiver.   

Real estate is easiest to bring under GST, Arun Jaitley says
Finance, Defence and Corporate Affairs Minister Arun Jaitley gestures as he addresses ''Delhi Economics Conclave-2017 ''. Photo: PTI
Written By: ZeeBiz WebTeam
Updated: Thu, Sep 21, 2017
11:35 am
Mumbai, ZeeBiz WebDesk
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Key Highlights: 

  • Air India's privatisation to be discussed later on Thursday
  • Capital adequacy of the banks is also on the table, says Jaitley 
  • Govt have been able to contain  inflation impact post GST

Finance Minister Arun Jaitley on Thursday reiterated that the Government is working on measures to boost the economy. 

Jaitley said, "We are analysing the economic indicators & appropriate action will be taken at right time. Very soon you will hear from us."

He added, "As far as bringing more items under GST is concerned, I think real estate is  most easy to bring in."

On government's disinvestment plan, Jaitley said, "We never had any reservations about privatisation.In last few years, market was quite volatile at times, so the Govt has to wait for the right time for divestment."

Jaitley also said, "Banks have done excessive lending in the past. Proposal of capital adequacy of the banks is also on the table."