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Finance Minister Arun Jaitley in exclusive interview with ANI over General Budget Part - 1

New Delhi, July 10 (ANI): After Finance Minister Arun Jaitley on Thursday presented the 2014-15 general budget, he said that his maiden budget was a vision statement that aimed at giving a fillip to infrastructure, manufacturing and re-establishing confidence in the Indian economy. Speaking to ANI in an exclusive interview, Jaitley said that it's a directional budget. Jaitley sought to reassure investors by promising a stable tax regime and saying the government would not "ordinarily" create new liabilities retrospectively, but stopped short of moving to scrap the law. The finance minister also said that he would uphold the fiscal deficit target for this year inherited from the last government - 4.1 percent of gross domestic product - despite expectations he would be forced to raise it due to weak revenue and high subsidy costs.

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