Govt will take steps to keep public sector banks in good health: FM Jaitley

It was increasingly important to continue with the social security, Jaitley said.

Zee Media Bureau

New Delhi: Finance Minister Arun Jaitley on Wednesday said that government will take steps to keep public sector banks in good health.

Speaking at the post budget interactive session with representatives of India trade and industry associations in Vigyan Bhawan, Jaitley said, “When we came into power, the highway sector was paralysed. Initial tenders did not see a single response”.

It was increasingly important to continue with the social security. This will help the healthcare sector, Jaitley added.

Asserting that the present government does not believe in retrospective legislation, Jaitley said, “With every reform we are making, the interface of the officer with the assessee is being reduced”.

Those who evade and violate, and then are caught, will face some harassment which is quite understandable, the FM further said.

There is a very large unidentified segment which should've been paying but not doing so, or not paying all taxes, he added.