Source: The Hitavada      Date: 03 Feb 2018 10:03:57










WITH Rs 90,000 crore excess money collected by the Government in the last two fiscal years by undertaking anti-tax evasion measures, it was but natural for Finance Minister Mr. Arun Jaitley to feel elated about it while presenting the Budget. This money, which could be utilised for the betterment of the society, otherwise would have remained idle in the coffers of a select few. The success of the steps taken against black money has prompted Mr. Jaitley to pledge more action in coming days. Curbing of black money will not only help the economy but will also improve the country’s image globally, attracting more foreign investors, who are wary of investing in India. These measures by the Government against black money will send a right message, not only in the country, but also globally. Prime Minister Mr. Narendra Modi is also firm on taking tough action against black money. And, the people are ready to cooperate with the Government on this front. Thus, the fight against black money must continue for the health of the economy.


FOR the armed forces Finance Minister Mr. Arun Jaitley has a welcome assurance. Presenting the last budget of the National Democratic Alliance (NDA) Government on Thursday, Mr. Jaitley spelt out the Government’s approach to defence preparedness and encouragement to private and public sector to take up the challenge of making the country self-reliant in defence production. Under the Prime Minister’s ‘Make in India’ mission, several measures have been taken by the Government in the last three and half years to meet the Armed forces’ needs indigenously as much as much possible and has allowed private investors, including foreigners, to take advantage of the Government’s liberalised defence manufacturing policy. While upping the allocation to defence by 7.81 pc at 2.95 lakh crore, the Finance Minister has indicated creation of two defence industrial corridors and promulgation of industry-friendly defence policy for 2018. This reflects the urgency the Government attaches to defence preparedness of the country.