Union Minister Arun Jaitley on Monday said India must have credibility in terms of governance, adding that the government was determined to have a perfectly non-adversarial tax regime.
Speaking at the Vibrant Gujarat Global Investors Summit, Jaitley noted that being the world's largest democracy also meant having credibility in terms of governance. He called on the need to let go of the traditional mindset and spoke of his belief that the government must be led by a political leader of stature.
Jaitley argued that in a democracy, the Prime Minister is the final word and that he needs to be decisive and willing to face the consequences of his/her choices. He added that there cannot exist a structure outside of the government with the ability to over-ride a Prime Minister.
The former UPA government has often been accused of being managed by Congress chief Sonia Gandhi, with Manmohan Singh often being unable to exercise authority that rested with his prime ministerial post.
"In order to attract investment, direction must be clear and the pace of moving in that direction must be reasonably quick," Jaitley said, reported DNA.
Jaitley added that the government was determined to have a perfectly non-adversarial tax regime. He called attention to various areas being opened up for investment, which have earlier scared investors because of adversarial tax regime.
