Jaitley promises ‘civilised’ tax regime to attract investment
India will soon raise the foreign investment cap in insurance sector and work for making the tax regime “civilised” to attract overseas investments, Finance Minister Arun Jaitley today said while exuding confidence of achieving 6 per cent growth next fiscal.
Underlining that growth would depend on the states, he talked about cooperative federalism and announced release of Rs 11,000 crore to states in the current fiscal as part payment towards CST compensation to facilitate roll-out of the Goods and Services Tax (GST).