GST

  • Arun Jaitley's Union Budget fails the test of tackling rising inequality, says P Chidambaram 1 hour 42 minutes ago

    New Delhi: Former finance minister P Chidambaram tore into the BJP-led NDA government's first full-year Union Budget presented on Saturday. Targeting Finance Minister Arun Jaitley, Chidambaram said the Budget failed the test of tackling rising inequality, cruelly neglected the already poor and gave too much to the rich. "This Budget...
  • A good Budget with 3-4 forceful directions Yesterday

    By Dr Shankar Acharya, Former Chief Economic Adviser to Government of India It is a good Budget. I rate Arun Jaitley's Budget as good. Lot of things he mentioned sounded good. He has also given a forceful direction to 3-4 things. Fiscal consolidation has also been taken into account. I like...
  • Union Budget 2015: What is cheaper and what is dearer Yesterday

    New Delhi: Finance Minister Arun Jaitley on Saturday presented the first full-fledged Budget of the Narendra Modi government aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. The government is planning to introduce...
  • Union Budget 2015: Tax reforms on Bollywood wishlist 4 days ago

    Bollywood is hoping that the Narendra Modi government will heed its long-standing demands for cuts on import duties and reforming the "archaic" entertainment tax at this year's budget. Finance Minister Arun Jaitley will present his first full-year budget on Saturday. Representatives of the world's largest film industry by output say they...
  • More tax share for states reflects cooperative federalism, says Nirmala Sitharaman 5 days ago

    Terming the decision of the central government to provide states a greater share in its tax revenues as being in the spirit of "cooperative federalism", commerce minister Nirmala Sitharaman said the move would allow states greater freedom to spend as per their needs. "Also the fact that we are putting...
  • Over 56 per cent polled expects a radical Budget, says Grant Thornton 5 days ago

    It's less than six days to go for the Union Budget and expectations are running high. In an interview to CNBC-TV18, Pallavi Bakhru, director, Grant Thornton, said the euphoria quotient has never been higher. Discussing the firm's pre-Budget poll on India Inc's expectations from Finance Minister Arun Jaitley, Bakhru said...
  • Finance Commission for higher share to states in central taxes, Modi says will strengthen federalism 5 days ago

    New Delhi: The Finance Commission has suggested raising share of states in central taxes to 42 per cent from current 32 per cent. As per the increased devolution suggested in the report of the 14th Finance Commission, the states will get Rs 3.48 lakh crore in 2014-15 and Rs 5.26...
  • The GST Classroom: What will GST mean for industry and consumers? 5 days ago

    As the BJP-led ruling coalition at the Centre gets ready to present its first full-fledged Budget, CNBC-TV18's Shereen Bhan discusses the Goods and Service Tax's impact on the industry and consumers with panel of experts. ...
  • Union Budget 2015: Delink tax sleuths' performance from revenue targets, says FICCI 6 days ago

    New Delhi: Expecting the Union Budget to herald a non-adversarial taxation regime, industry body FICCI on Monday said that the government should delink the tax officials' performance appraisal from the tax collection targets. FICCI also said that Finance Minister Arun Jaitley should rationalise subsidies and allocate more funds towards infrastructure...
  • Union Budget 2015: Auto makers wants excise duty reduction February 8, 2015

    New Delhi: Automobile industry body SIAM wants Finance Minister Arun Jaitley to reduce excise duty on automobiles in the upcoming Budget to help the sector combat demand slowdown. Besides, measures towards restarting stalled infra projects to help revive demand particularly of commercial vehicles should also be put high on the agenda,...
  • Watch: Centre must recall EGoM, amend GST Bill, says Amit Mitra January 3, 2015

    West Bengal Finance Minister Amit Mitra lashed out at the Centre over the goods and services tax bill. Speaking exclusively to Network 18, Mitra said that the Centre bypassed the empowered group of ministers and got the GST Bill approved hastily. ...
  • States want issues to be resolved before GST roll-out December 26, 2014

    New Delhi: Days after Centre bringing in the landmark single rate GST bill, the states on Friday demanded early redressal of their concerns on revenue loss while pressing for release of more funds and having a say in implementation of the central schemes. Besides seeking decentralisation of Centrally Sponsored Schemes (CSS),...
  • Common man to benefit from GST; states to gain from Day 1, says Arun Jaitley December 22, 2014

    New Delhi: The proposed Goods and Services Tax (GST) will benefit most of the states from Day 1 and industries and common man also stand to gain, Finance Minister Arun Jaitley said on Monday. Speaking at the meeting of the Parliamentary Consultative Committee attached to...
  • Government to compensate states for revenue losses from new GST December 20, 2014

    New Delhi: India will compensate its state governments for revenue losses due to the new nationwide Goods and Service Tax (GST), which is targeted to be implemented on April 1, 2016, the Finance Minister said on Friday. Arun Jaitley told reporters that petroleum products would be part of the new GST. Earlier,...
  • Will not allow political obstructionism to stop Insurance Bill: Arun Jaitley December 20, 2014

    New Delhi: A day after introducing the long-pending GST Bill in the Lok Sabha, Finance Minister Arun Jaitley on Saturday said the government is "extremely determined" to push insurance sector reforms and will not allow political obstructionism to stop it. "The government is extremely determined to go ahead with this (insurance...
  • India @ 9 with Palki S Upadhyay December 19, 2014

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: Pakistan extends custody of 26/11 mastermind Lakhvi for three months December 19, 2014

    Zakiur Rehman Lakhvi, a key planner of the 2008 Mumbai attack, on Friday was detained by Pakistani authorities for three more months, a day after he was granted bail by a court that caused an outrage in India. Lakhvi, 54, was detained for three months under Maintenance of Public Order...
  • Goods and Services Tax Bill introduced in Lok Sabha after nod by states, TMC sounds caution December 19, 2014

    New Delhi: Aimed at creating a single tax for goods and services across the country, the Centre on Friday introduced the long-pending Constitution Amendment Goods and Services Tax (GST) Bill in the Lok Sabha for rollout of the new regime from April 2016 subsuming various levies like entry tax and...
  • Cleared by Cabinet, GST Bill to be taken up in Parliament during Winter Session December 18, 2014

    New Delhi: The Constitution Amendment Bill on Goods and Services Tax (GST) is likely to be taken up in the ongoing session of Parliament with the Union Cabinet giving its nod to bring about long-pending indirect tax reforms. The Bill was approved by the Cabinet late on Wednesday evening and it...
  • States oppose Centre's revised Goods and Service Tax draft December 11, 2014

    New Delhi: In a huge blow to Centre's plans to build a consensus on the Goods and Services Tax, states have opposed the Centre's revised GST draft. The government was hoping to get the legislation passed in the winter session of Parliament. The government was maintaining that broad agreement had...
  • Will try to bring GST Bill in this Session of Parliament: Jaitley December 1, 2014

    New Delhi: The National Democratic Alliance government plans to get some key bills passed in the ongoing Winter Session of Parliament. After a productive week, Finance Minister Arun Jaitley on Monday said that he will try to introduce the Goods & Service Tax (GST) Bill in Parliament. The government proposes to...
  • Revised GST Bill in Winter Session: Arun Jaitley October 21, 2014

    New Delhi: Finance Minister Arun Jaitley on Tuesday said the revised Constitution Amendment Bill to roll out GST would be introduced in the forthcoming Winter Session of Parliament. He also said the first "tranche" of compensation to states for their revenue loss arising due to phasing...
  • Bullet News: Catch the day's top stories September 16, 2014

    Bullet News is CNNIBN's nonstop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Bhupendra Chaubey September 16, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • News 360: BJP gets bypoll shock before assembly polls in Maharashtra, Haryana September 16, 2014

    The 33 Assembly and 3 Lok Sabha seats bypoll results have surely come as a big shocker for the ruling BJP at the Centre. After a resounding victory in the Lok Sabha elections in May, the Prime Minister Narendra Modi led BJP has tasted its first major defeat. The biggest...
  • PM Modi gives approval for introducing Goods and Services Tax reform September 16, 2014

    New Delhi: Prime Minister Narendra Modi has given the approval for going ahead with the biggest tax reform initiative the Goods and Services Tax. The government will now try to introduce the Constitutional Bill for GST in the Winter Session of Parliament. The government has decided to make a...
  • Jayalalithaa gathers consensus to deter government from rolling out GST September 11, 2014

    Chennai: Tamil Nadu Chief Minister Jayalalithaa is gathering consensus for stopping the government from rolling out the Goods & Services Tax. Jayalalithaa has informed all Chief Ministers that she has written to Finance Minister Arun Jaitley about the issue. Jayalalithaa said there are concerns over the impact of GST and urged...
  • Arun Jaitley lauds West Bengal government for its approach on GST August 23, 2014

    Kolkata: Union Finance Minister Arun Jaitley on Friday lauded the West Bengal government for accepting the Goods and Services Tax (GST) in principle and said the state's approach on the issue was very good. "There are several issues in which the Centre and the state government require discussion. To me, GST...
  • Budget 2014: Arun Jaitley pushes for GST, calls for a conclusion soon July 10, 2014

    New Delhi: Finance Minister Arun Jaitley on Thursday gave a push to the Goods and Services Tax and indicated its implementation soon. During his Budget 2014 speech, Jaitley said that it is time to end the confusion over GST. Jaitley said that the government hopes to bring a conclusion on the...
  • Chidamabaram appreciates restrained language of Economic Survey July 9, 2014

    New Delhi: Former Finance Minister P Chidambaram on Wednesday appreciated the restrained language of the preBudget Economic Survey but expressed disappointment over it envisaging a five year period to put in place reforms. Reacting to the Survey tabled in Parliament on Wednesday, he said that he was glad that it...