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Finance Minister Arun Jaitley discounts note ban impact on Q4 GDP
Union Finance Minister Arun Jaitley on Thursday sought to debunk the view that demonetisation impacted the economy and dismissed criticism that the government only promoted jobless growth in the past three years.
New Delhi: Union Finance Minister Arun Jaitley on Thursday sought to debunk the view that demonetisation impacted the economy and dismissed criticism that the government only promoted jobless growth in the past three years.
At a media conference here on the completion of the NDA’s three years in office, Jaitley asserted that there were several factors even before demonetisation like global slowdown which cumulatively impacted the economy, especially in the last quarter of FY 2016-17.
Jaitley said the criticism of jobless growth was a propaganda by opponents who had nothing substantial to comment on the government’s performance.
Jaitley scotched doubts about the government’s preparedness for rolling out GST from July 1 and asked industry to fall in line as there will be no change in the date of implementation of the new indirect tax regime.
