Ahead of the 2015-16 Budget, Finance Minister Arun Jaitley said there was a need to rationalise all subsidies and ensure stability in policies to attract investment and drive growth.
The government is expected to incorporate the suggestions of the Expenditure Finance Commission headed by former RBI Governor Bimal Jalan in the budget proposals for 2015-16.
The Minister also underlined the need for stability in tax and other policies to make India an attractive place for investment.