Corporate lawyer, Shri Arun Jaitley, took over as India’s new Finance Minister on on May 27, stating that his priorities are to “tackle inflation, boost economic growth, and follow the path of fiscal consolidation.”
India’s new Minister of laws, telecom, and IT, Ravi Shankar Prasad, also began work on May 27, telling reporters as he took office that retrospective tax laws should be avoided.
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