Sadistic pleasure is costing growth of Indian economy: Jaitley

New Delhi: The Union Finance Minister Arun Jaitley on Saturday said that easing monetary policy stance is good for India's growth.

Addressing the 88th Annual General Meeting of FICCI in Delhi, Jaitley said, India is still not large enough an economy which can alter the pace of global growth. "I would like to mention that sadistic pleasure is costing growth of Indian economy and my request to the Opposition is to drop the demand of constitutionally prescribing tariff," he said.

On Bankruptcy Law, he said, "We will push the Bankruptcy Law in the next three days of ongoing Winter Session of the Parliament."

A government-appointed panel headed by former Law Secretary T K Vishwnathan had underlined the need for a modern Bankruptcy Law to deal with insolvency cases within 180 days. The new law is aimed at promoting ease of doing business and to speed up the economic activities in India.

"In 2015, one of the greatest strengths of India is that it has become exceedingly aspirational. The bulk of India wants to grow and there is a segment troubling to get out of poverty desperately. India has to struggle to find alternative ways to maintain the growth. But it is unfortunate that in politics you try to halt the pace of growth," Jaitley said, while hinting that he will try to convince the Congress for the passage of GST Bill.