Explorer

GST, liberation of Indian economy: Anil Ambani

Mumbai: Reliance Group Chairman Anil Ambani on Thursday said the Goods and Services Tax (GST) that will be rolled out on July 1 is just "not another piece of reform or transform" but "our economic freedom". "GST is not just another piece of reform or transform, however significant. GST is the liberation of our economic imagination. It is our economic freedom," Ambani told an event of the Association of Mutual Funds in India here. He said what Prime Minister Narendra Modi had done in three years on GST could not be done in the previous 30 years. "The real promise of GST is that promise of economic liberation. The promise of `One Nation. One Tax. One market'," Ambani added. "From insolvency code to NPA (non-performing assets) resolution, the present government has undertaken a fundamental overhaul of India's financial infrastructure while consolidating and strengthening the banking sector." He said India was today in the midst of a massive digital revolution, which was allowing young ambitious entrepreneurs to think big and execute bigger. The spectacular rise of e-commerce and related businesses in recent years was a testimony to what technology can help achieve, he said. "It is time to learn from that experience. If e-commerce can exploit the power of technology to reach out to India's hinterlands and create better consumer experience, so can India's financial sector," Ambani added.
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Gangster-Turned-Politician Mukhtar Ansari Dies Of Heart Attack At Banda Medical College, Sec 144 In UP
Gangster-Turned-Politician Mukhtar Ansari Dies Of Heart Attack At Banda Medical College, Sec 144 In UP
Mukhtar Ansari Dies: Know All About The Don Who Once Ruled Purvanchal And His Downfall Under Yogi Regime
Mukhtar Ansari Dies: Know All About The Don Who Once Ruled Purvanchal And His Downfall Under Yogi Regime
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Advertisement
for smartphones
and tablets

Videos

Nawazuddin Siddiqui And Aliya Fixes Relationship Disbalance For Kids Upbringing | Khabar Filmy HaiBihar Lok Sabha Polls 2024: ABP Exclusive With Papu Yadav, MP No Longer Contesting From PurniaVarun Gandhi Pens Emotional Letter To Pilibhit After Being Denied, Says 'Mai Aapka Hu Aur Rahunga'Delhi Excise Policy Case: With CM Arvind Kejriwal's Arrest, Who Will Run The State | Watch Report

Photogallery

Embed widget