The finance ministry has tried to usher in far-reaching structural reforms in the economy, but implementation glitches remain. Now, the surge in oil prices presents the government with a huge challenge
If it was business as usual to bump into an Anil Ambani, chairman of Reliance Group, at North Block, waiting for time with the finance minister, four years later, it is rare to spot a business tycoon in the corridors of the finance ministry. The change in the rules of doing business in India is quite stark. At the forefront of this transition from relationship-based deal-making to rule-based order has been the finance ministry led by Arun Jaitley. A firsttime finance minister, Jaitley used his negotiating skills to drive consensus on key reforms, such as the Goods and Services Tax (GST). He has been conservative in his approach and has largely played it safe.
This story is from the June 11, 2018 edition of India Today.
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This story is from the June 11, 2018 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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