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The Indian government is ready to discuss all issues with the opposition to pass a key amendment in the winter session of parliament that would pave the way for a new nationwide goods and services tax (GST), Finance Minister Arun Jaitley said.
The government is not, however, willing to compromise the basic architecture of the GST to get it through parliament, Jaitley told Reuters in an interview on Tuesday during a visit to Dubai.
India to invest in growth
The government would prefer to use buoyant tax receipts to fund extra infrastructure spending than to slash its borrowing target for the current fiscal year, the Finance Minister said.
Jaitley said he would prefer to stick to the fiscal deficit target of 3.9 per cent of gross domestic product for the current fiscal year through to March 2016.
Achieving high growth and reducing poverty were priorities in the coming years, Jaitley said on a visit to Dubai, slapping down rebels in the ruling party who have criticised Prime Minister Narendra Modi after a recent regional election defeat.
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