Note Ban, GST ruined ease of business: Rahul Gandhi

RSTV Bureau
Congress vice president Rahul Gandhi during a rally in Gujarat, September, 2017. Photo - PTI

Congress vice president Rahul Gandhi during a rally in Gujarat, September, 2017.
Photo – PTI

Congress vice president Rahul Gandhi sought to carve campaign narrative for his party in poll-bound Gujarat targeting the ruling party on its economic policy moves. Talking of World Bank’s yesterday report which bettered India’s rank in ease of doing business, he took a contrarian view saying GST and demonetisation have ruined the ease of doing business.

Campaigning in South Gujarat’s Jambusar town of Bharuch district, he narrowed his criticism on finance minister Arun Jaitley.

“Entire country will shout to say that there is no ease of doing business in India… you have destroyed it, your demonetisation and GST have ruined it,” he said resuming his election campaign in the state, where he will spend his next four days.

“Sabko maloom hai ‘ease of doing business’ ki haqeeqat, lekin khud ko khush rakhne ke liye ‘Dr Jaitley’ ye khayal achha hai (everybody knows the reality of ease of doing business, but this thought is good Dr Jaitley to keep yourself happy),” he had tweeted earlier in the day.

The finance minister, Gandhi added, should meet small and mid-sized businessman for five-10 minutes and ask if the ease of doing business had really improved.

In what could be argued as a fillip to the Modi government, currently battling criticism on the issue of economy, the World Bank report published yesterday improved India’s rank on ‘ease of doing business’ scale from 130 to 100 this year.

The report cited Modi government’s slew of reforms in taxation, licensing, investor protection and bankruptcy resolution in upping the standing.

The impact has been instant with stock markets opening strongly today.

Earlier, addressing a press conference on Tuesday, Arun Jaitley said India is the only major country named for pursuing structural reforms.

“In 2014, we were 142nd and then (in) last two years, we improved to 131st and 130th. These are not generalised rankings. It happened in specific areas and they take tough parameters for that ranking,” he had said.

(With inputs from PTI)