New Delhi: Finance Minister Arun Jaitley said the BJP-led NDA will continue with fiscal prudence and lower tax rates if elected back to power. The government would pursue those economic policies which would enable further cut in interest rates. The Minister was speaking at an industry event where he also said that the Goods Services Tax rate reduction in cement would be the next on agenda of the GST Council.
If re-elected to power, there is need to maintain growth momentum for the next decade. Government would continue with fiscal consolidation and also pursue policies to enable further reduction in interest rates, Jaitley said. Speaking at a CII event, Jaitley said the government would look at reducing the GST on cement. After a slew of cuts in the housing sector on GST rates, cement was the last item which was still in the highest slab of 28 per cent. Jaitley said India’s growth has stabilised between 7-7.5 per cent and irrespective of global trends, domestic consumption is going to increase.
