GST Talk: Nitin Gadkari Assures Smooth Road Ahead

Goods and service tax and demonetization both have called for an attack on all the illegal transactions and business avenues which were earlier happening in the Indian economy with its money stashing and tax evasion issues, and now the  Minister for Shipping, Road Transport, and Highways Mr. Nitin Gadkari has also emphasized on this same utilities in a positive manner.

He was very much indicative towards the healthiness of this move by the government and totally supported it, he sustained the words that, “simplify the system and bring down corruption, for long-term benefit.” He said that digital media concept is in full swing and can be seen from the perspective of highways tolls as the digital payments are summed up at 10 percent now, while the indicative chances are going up 50 percent.

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He said that “the gravity of the problem is coming down, day by day and within two months we will achieve normal levels, the basic spirit is also to enhance the rural economy, agriculture and infrastructure development, including power, irrigation, and R&D in the primary sector.”

An imminent personality from the Apollo Hospitals, and president-designate CII, Shobana Kamineni, Executive Vice-Chairperson said that “the government has to come out clearly on the impact of demonetization that resulted in 70 percent of the currency being pulled out of circulation. The currency shortage has impacted small industries and businesses the most. The money with the banks has to be used in funding to increase consumption and start the investment cycle.”