Mar 12, 2013, 09.35 AM | Source: CNBC-TV18
Senior BJP leader and former finance minister (in Chandra Shekhar’s Cabinet) Yashwant Sinha is not too hopeful that GST will be implemented anytime soon.
Sinha also found the target of 6 percent GDP growth rate in Fiscal 2013 a tad “ambitious”. Economic growth in the October-December period of the current financial year had slipped to 4.5 percent against 6 percent recorded in the same period previous fiscal. Sinha said it would be disappointing to settle for neo-normal GDP growth rate of 5-6 percent because this country has shown that a higher growth rate is achievable.
He stressed that passage of Pension and Insurance Bills, which the finance minister expects to get cleared this time around, will depend on Congress Party's approach towards Opposition. “The cooperation between the government and the Opposition has to be in a spirit of continued cooperation. It cannot be on and off. I want your support so I am pleading for cooperation; and then I do not want your support so I do not care for your cooperation. I think that attitude of the government apart from reflecting a degree of arrogance is also something which is not good politics,” Yashwant Sinha said.