Stressing on the urgency of economic reforms – vital for speeding India's growth and eradicating poverty – former Prime Minister Manmohan Singh said that the NDA government's 'mindset' is to be blamed for the lack of consensus on the reforms.
"In its two years so far, the BJP-led government could have been steadfast in pushing the reforms process." Be it the GST (Goods and Services Tax) or Land Acquisition Bill, the differences among political parties have prolonged the passing of the legislations, Singh said in an interview to the Hindustan Times.
Singh further said that if the ruling party's mission is to destroy the Congress, they cannot expect Congress to cooperate with them when they need the party.
“That’s a process which simply requires a different mindset from a mindset that says the government’s mindset is to build a Congress-mukt India,” he said.
Twenty-five years ago, Singh, who was the then Finance Minister in Prime Minister Narasimha Rao's government, had presented a budget that changed the dynamics of the Indian economy from socialist to a market-driven.
The GST Bill, which intends to convert 29 states into a single market through a new indirect tax regime, was earlier planned to be introduced from 1 April this year, but the deadline was missed as the legislation to roll it out remains in limbo due to the lack of consensus in the Opposition-dominated Rajya Sabha.
The government should put in efforts to deal with the social content of economic reforms. There is a need for social peace and commercial harmony, Singh said.
Published Date: Jul 24, 2016 01:22 pm | Updated Date: Jul 24, 2016 01:22 pm