JOIN USRejecting leading banker Deepak Parekh criticism against the NDA government, Finance Minister Arun Jaitley on Thursday said the government is being criticised for rather being “too fast”.
Launching the e-biz portal of the government, Jaitley said: “We have to actually see what the various steps that we have taken are and the community of investors both within and outside the country watch us.”
Without making any direct reference to Parekh’s comments, the finance minister said that the government has chosen the ordinance route to expedite legislative changes to promote business.
Parekh on Thursday, in his interview to a new agency, has said that impatience has begun creeping in among businessmen as nothing has changed on ground in the first nine months of the Modi government. "In the first instance, what is the credibility of this government? What is the decisiveness of our decision making process? What is the process by which government treats business? And it’s an irony that after having seen lethargic governments, you today have a government which is criticised for being too fast”, Jaitely said.
“Why you bring ordinances, you should wait till the cows come home and everybody can be settled and decisions can be taken. So in fact one great criticism which has come is you should have waited and not acted fast," he said.