Elimination of poverty is a major challenge: Finance Minister
The Dollar Business Bureau “The government has launched a flurry of activities to promote investments, correct tax aberrations, carried out auctions and divestments and introduced a whole lot of measures to improve the economy ever since it came to power,” said Arun Jaitley, Union Minister of Finance. With energy prices dropping, lowering the weight on import bills, India will soon see a reduction in inflationary pressures too, but elimination of poverty is the biggest challenge that India is currently facing today, he added. Launching the Union Bank of India (UK), a subsidiary of the Union Bank of India, Jaitley said that India is emerging as one of the fastest growing economies and India’s GDP growth rate will be 7.5 per ...
