Note ban is a short term pain, says PM Narendra Modi in Mumbai

Mumbai : Prime Minister Narendra Modi on Saturday claimed that note ban is a short term pain nation took for a better future. The government is also likely to make some major reforms in coming future too.

"The government will unveil more long-term policies that are stable and sound," said Prime Minister Narendra Modi during inauguration of a new educational and training campus of the Sebi-run National Institute of Securities Markets (NISM) in this industrial township near Mumbai.

Admitting that people have faced some problems due to demonetisation, but the move will bring long-term benefits.

On the same tones he claimed that GST will be implemented soon to turn around Indian economy, also promised that the biggest tax reform the nation has seen till date will be a reality shortly.

Modi said advancing budget presentation will help improve productivity by ensuring adequate resources to all productive sectors of the economy.

The event was attended by Union Finance Minister Arun Jaitley, Maharashtra Governor Vidyasagar Rao, state Chief Minister Devendra Fadnavis, Sebi Chairman U K Sinha and many other officials and senior bankers.