On Wednesday, Prime Minister Narendra Modi said that the decision to repeal the contentious retrospective tax will lead to greater trust between the government and Indian industry.
Speaking at the annual summit of industry body confederation of Indian Industries , PM Modi said that the reforms undertaken by the centre over the years show that the government has carried out reforms not out of compulsion but because of conviction.
“Even in the current Parliament session, we have carried out many reforms , like the factoring regulation Amendment bill and the Deposit Insurance and Credit Guarantee bill.
Our decision to repeal retrospective tax will strengthen the trust factor between the government and the industry, “Modi said.
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