Assuring the market participants stability in the capital gains tax regime, Finance Minister Nirmala Sitharaman said that Prime Minister Narendra Modi is never in favour of quick twists and turns in policy.
“Policy stability is one thing, which Prime Minister lays a lot of emphasis on. He doesn't like periodic tweaking; he would tell you it's only two years or three years, and let it play out, let it settle down and so on. He's never in favour of quick twists and turns. And this is not me saying. People who have observed him since his tenure as chief minister will know that the biggest strength under Prime Minister Modi is stability in policy,” the finance minister said on February 2 in a post-Budget interview with Network 18 with Editor-in-Chief Rahul Joshi.