In terms of nailing GST tax evasion, Haryana is second in the country, state finance minister Captain Abhimanyu said on Friday. The Haryana government had implemented the norms and tax evasions would not be allowed at any cost, he said, speaking during the inauguration of newly built regional office and e-Lobby of State Bank of India on Jat College Road here. Talking to media person, the finance minister said that during the first term of Prime Minister Narendra Modi, the steps taken for financial adjustment and improvement of economy would continue during his second term at a fast pace. The move by the Prime Minister to remove Rs 500 and Rs 1,000 notes from circulation had helped greatly in making India’s informal financial economy formal, he added. The minister said that earlier big business houses would disappear with a large loan due to weak policies of government, in which the banks were victims of NPA. By making new laws, the BJP government made the banking system transparent and responsible, he added.
“Due to the stringent rules, the people who had escaped with the loans were now unable to do so. The current government policy offers more loans to small entrepreneurs and MUDRA scheme is a proof of this policy,” he said. The new financial and financial system was a turning point for the banking business. In the next one-two years, the banking system would be made more transparent and strengthened, he said, adding that under the new rules, the banks have the right to change the management so that the sinking business could be revived and the banks did not suffer. While addressing the gathering after inaugurating and laying foundation stones of development projects worth Rs 17,53,77,000 in various villages of his Narnaund constituency, Abhimanyu said that “record break development work” had been carried out here during from 2014 to 2019. This record would again be broken in the second term of 2019-24 of the BJP government, he said. After three months the assembly elections would be held in the state and BJP would again form the government like it had recently done at the Center, the minister said.