Reforms to withstand global financial markets chaos

  • To face the global turmoil in economy the government is proposing to carry on several other reforms such as Bankruptcy code, dispute resolutions in major contracts, expeditious arbitration process and the public arbitration law , as GST is held up due to political logjam.
  • Government is planning to resolving major tax disputes either through arbitration or by execution of law.
  • Ministry of finance also planning to shift the funds to unorganized sector which generate employment to the youth to a greater extent.

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