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Private investments slow because of surplus capacity: Jaitley in Singapore

FM on fiscal consolidation, GST, recapitalisation of PSBs, and more

Arun Jaitley, Jaitley, Finance Minister, FM

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Union Minister for Finance and Corporate Affairs, Arun Jaitley addressing a Press Conference at BJP headquarters in New Delhi. (Photo: PTI)

Samie Modak Mumbai

Last Updated : Nov 16 2017 | 4:41 PM IST

Finance Minister (FM) Arun Jaitley on Thursday attended the Morgan Stanley 16th Asia-Pacific Summit in Singapore, where he delivered the keynote address as well.

The FM spoke on a wide range of topics, including fiscal consolidation, the goods and services tax (GST), and measures to enhance ease of doing business in India, among others.

Here are Jaitley’s words on some of the pressing issues raised in his address in Singapore.

On fiscal consolidation: No pause but challenges arising from structural reforms, which could change the glide path.

On recapitalisation of PSBs: Recapitalisation of state-owned banks will be performance-linked. Am announcement regarding

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