Government following policy to attract investment: Jaitley

Jaipur, Nov 19 (IANS) The government is following a policy to attract investment and has “eased all rules” in this regard, Finance Minister Arun Jaitley said on Thursday.

“India, in the last few months, has been following with renewed vigour a policy of attracting investments into the country… we have eased all the rules as far as investment is concerned,” Jaitley said, addressing the ‘Resurgent Rajasthan Partnership Summit 2015’ here.

He said various initiatives of the Narendra Modi government led to “considerable” increase in public investment and foreign direct investment, while the private sector investment was “slowly picking up”.

Jaitley asked the states to take steps to ensure “ease of doing business”, otherwise they would lose out to progressive states which were resorting to reforms for attracting investment.

“There has been a healthy competition among states to attract investment. If they do not provide conducive environment, there is always a choice of migration (for industry),” he said.

The finance minister advocated a “corruption-free governance with least scope of discretion” and “reasonable” taxation to attract investment.

Jaitley said banks were under stress due to huge debts of state electricity boards, leading to difficulty in lending to other sectors.

“Banks themselves are under stress, which has led to a situation that banks find it difficult to lend money to other sectors. So, it causes adverse impact on the national economy,” he said.

Praising labour reforms undertaken by the Rajasthan government, he said: “Rajasthan should now endeavour to become a pioneer state in ease of doing business, where land is easily available and sanctions are easily granted.”

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here