Amid protest by Opposition to postpone the presentation of the Union Budget following the death of sitting MP E Ahamed, Finance Minister Arun Jaitley began his speech today.
While addressing the house, Jaitley said that demonetisation was a bold and decisive measure. He said that decision was important to counter tax evasion that has become a way of life for many.
In his address, Jaitley evoked Mahatma Gandhi saying that a 'right cause never fails'.
He further said that advanced economies are expected to increase their growth from 1.6 per cent - 1.9 per cent and emerging economies from 4.1 per cent - 4.5 per cent. He said that International Monetary Fund estimated world GDP to grow by 3.1 per cent in 2016 and 3.4 per cent in 2017.
Jaitley emphasized on energizing youth, to reap benefits of growth and employment. "We have moved from a discretionary administration to a policy-based administration," said Jaitley.
He said that the government is now seen as a trusted custodian of public money, and that he is grateful to people for their strong support.
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