The Hindu : National : Pranab assures assistance to Goa

Online edition of India's National Newspaper
Sunday, Jul 26, 2009
ePaper | Mobile/PDA Version

National

National

Pranab assures assistance to Goa

Prakash Kamat

Pranab Mukherjee

PANAJI: Union Finance Minister Pranab Mukherjee said on Saturday that the aim was to have a least complicated, simple, responsive and efficient tax collection mechanism through the proposed Tax Code.

Mr. Mukherjee was speaking after the inauguration of a museum set up by the Customs and Central Excise at its heritage building in the city.

In response to a demand from Goa for special status, Mr. Mukherjee told an interactive session organised by Chief Minister Digambar Kamat, that his Ministry and the Planning Commission were working on a proposal to identify the financial problems of States and take corrective measures.

Mr. Mukherjee said the Centre would help Goa in its plans to become a model State.

He said the stimulus packages had helped the economy revive in the first quarter of the current fiscal. He exuded confidence that with the budget fillip to rural demand, within a year and a half it would be possible to come back to the nine per cent GDP growth path.

Seeking to allay apprehensions that the proposed huge government borrowings would deprive the private sector of credit, he said the government and the Reserve Bank of India would manage things in such a manner that this would not happen.

He said eradication of poverty required high allocations through schemes like the National Rural Employment Guarantee Act. The debt waiver scheme of Rs. 65,000 cr. had benefited over 3.51 crore farmers, he said.

Printer friendly page
Send this article to Friends by E-Mail

National