Decision to get rid of retro tax shows govt's commitment, policy consistency: PM

Prime Minister Narendra Modi said that the decision to scrap all retrospective tax demands and refund money collected shows his government's commitment to providing policy consistency.

A day after taking the bold decision to scrap all retrospective tax demands and refund money collected, Prime Minister Narendra Modi on Friday said the move shows his government's commitment to providing businesses stability of investment climate and policy consistency. Speaking at a meeting with the industry for boosting Indian exports, Modi said exporters know the importance of policy stability.