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.

Finance, Defence and Corporate Affairs Minister Arun Jaitley gestures as he addresses ''Delhi Economics Conclave-2017 ''. Photo: PTI

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."

FM @arunjaitley said present Govt has taken quick decisions whether it is implementing GST or targeting subsidies are concerned among other

— Ministry of Finance (@FinMinIndia) September 21, 2017

FM @arunjaitley : So far we have been able to contain inflation impact post GST.

— Ministry of Finance (@FinMinIndia) September 21, 2017

FM @arunjaitley : As far as bringing more items under GST is concerned, I think real estate is most easy to bring in.

— Ministry of Finance (@FinMinIndia) September 21, 2017

FM @arunjaitley : There is problem of private investment. Govt is seized of the issue. Very soon you will hear from us.

— Ministry of Finance (@FinMinIndia) September 21, 2017

FM @arunjaitley : We have ambitious Target for divestment this year. Even today,We have Air India divestment Meeting.

— Ministry of Finance (@FinMinIndia) September 21, 2017

FM @arunjaitley :As far as farm loan waiver by States is concerned, they have to find their own resources for this purpose.

— Ministry of Finance (@FinMinIndia) September 21, 2017

FM @arunjaitley : As far as black money,benami transactions etc are concerned,it is no more safe in India to deal in excessive cash.

— Ministry of Finance (@FinMinIndia) September 21, 2017

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