Business Standard

FM's announcements show govt is now willing to listen and course-correct

Entrepreneurship thrives only when there are opportunities, an environment without fear (as long as you are operating within the boundaries of law), and availability of finance

Union Finance Minister Nirmala Sitharaman during the Goods and Service Tax (GST) council meeting held through video conferencing, in New Delhi, Saturday. Photo: PTI | Manvender Vashist
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Union Finance Minister Nirmala Sitharaman. Photo: PTI | Manvender Vashist

Ambareesh Baliga
My biggest takeaway from Finance Minister Nirmala Sitharaman’s press meet on Friday was that the BJP government was finally prepared to accept the ground reality and willing to take corrective action. More importantly, the entrepreneurs and tax payers are seen as “wealth creators” and not “villains”, trying to game the system. The announcements were, no doubt, a sentiment booster without a strain on the exchequer, which I think is a fine balancing act.

Although the finance minister divided her speech into six silos and announced 32 measures, I would divide her action into three silos. First, there was an effort

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