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Reform Agenda To Realize Full Potential Only When It Receives Support From All Sections Of Society
Oct 11, 2018

The Vice President of India, M Venkaiah Naidu has said that government of India's reform agenda would realize the full potential only when it receives support from all sections of the society. To achieve the herculean task, he called on business associations and Chambers of Commerce to promote tax compliance and run campaign against the black money.
Addressing the 90th Year Celebrations of Indian Chamber of Commerce and Industry in Coimbatore, Tamil Nadu, the Vice President said that demonetization and the introduction of GST were landmark initiatives aimed at ensuring transparency, eliminating parallel economy and fetching increased revenue to the exchequer. These initiatives have led to change in the attitude of the people as evidenced by increased tax compliance, he said.
The Vice President said that Government has taken several measures to cut down red tape, improve the ease of doing business, attract more investments and create a business-friendly environment. With various measures taken by the government to step up economic growth, including FDI in various sectors and given the strong macro-economic fundamentals, India will continue to grow steadily to become the third largest economy in the world, he added.
The Vice President asked the business community not to confine themselves to the minimum requirements of Corporate Social Responsibility but to take up activities for the betterment of the society. Promote ethical corporate governance, tax compliance and corporate social responsibility among its members, he added.

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