He said that economy is recovering better than our anticipation. This is because of the steps taken by the finance ministry. "We believe that in the current financial year 2021- 22, we will see good growth," he added.
Replying to a query about the probable impact of the recent rise in Covid-19 cases, Bajaj said, "Last year in March when we witnessed Covid -19 for the first time, we handled it with lockdown and other measures but now we have upgraded health infrastructure and vaccines. We are concerned about the recent rise in Covid cases but not worried. We are now far better equipped with vaccines and better health infrastructure to address the challenge. So this time our strategy to handle Covid-19 is totally different from earlier. The recent corona wave will not impact our economy as it impacted earlier," he said.
Bajaj said that bringing petroleum products under GST may take a little time as it needs wider discussions in GST Council. It is a complex matter that involves the interests of the States and the Centre and hence needs to be discussed in detail. It may take some time. He expressed hope that when the economy and revenue collections will show growth, this issue will also be resolved.
On the question of whether the prices of petrol and diesel would come down if these products are brought under GST, he said that it will depend under which rate category these would be placed or whether a new rate category would be created. As of today, it would not be feasible to comment on it, he said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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