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Economic stimulus not linked to Gujarat, says Arun Jaitley

"This is for the first time structural reforms is being undertaken. It has nothing to do with politics. It is a long-term plan and it has nothing to do with Gujarat elections," Jaitley said.

Reported by: IANS, New Delhi [ Published on: October 25, 2017 18:46 IST ]
Arun Jaitley

Union Finance Minister Arun Jaitley today rejected attempts to link Monday's announcement of economic stimulus package to announcement of Gujarat elections.

"This is for the first time structural reforms is being undertaken. It has nothing to do with politics. It is a long-term plan and it has nothing to do with Gujarat elections," he said.

Jaitley was reacting to comments linking the announcement of the package that included plans for recapitalisation of the state-owned banks to the tune of Rs.2.11 lakh crore.

He also attacked the Congress over its strident attack on the Goods Services Tax (GST), especially regarding the tax slabs, and asked if the Congress was in favour of luxury items. 

Congress Vice President Rahul Gandhi had denounced the highest 28 per cent slab in the GST regime, saying the Congress favoured 18 per cent. 

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