Trust between govt and industry increased following scrapping of retrospective taxation: Defence minister Rajnath Singh

The trust between the government and the industry has increased following the scrapping of the retrospective taxation regime, defence minister Rajnath Singh said on Wednesday. In a virtual address at the Indo-US Economic Summit organised by a leading industry chamber, Singh listed a range of measures initiated by the NDA government to boost economic growth and said the global investors are now receiving "red carpet" welcome in India instead of "red-tapism"