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Hoping to implement GST from July 1: Jaitley

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GST Arun Jaitley live

New Delhi, 22 March 2017 : Finance Minister Arun Jaitley said today said that the government was hoping to implement the Goods and Services Tax (GST) by July 1 after the enabling Bills get Parliament’s nod in the current budget session.

“GST is the biggest reform in India. Hopefully, GST will be implemented by July 1. GST Bills will hopefully be cleared in Parliament,” Jaitley said here at the 23rd Conference of Auditors General of Commonwealth Nations hosted by the Comptroller and Auditor General (CAG) of India.

Jaitley said that India’s indirect taxation regime, which is currently the most complex in the world, will transform into a simplified one with the implementation of GST.

“We have the most complicated indirect tax systems. Once implemented, what is currently the most complicated system in the world will become the simplest in the world. The enabling laws are before the Parliament. By middle of the year (2017), we hope to see the implementation of GST,” he said.

“Evasion of taxes will be difficult under GST. Size of Indian economy will increase,” he added.

Jaitley also noted that India is an open economy with 90 per cent of the investment happening through the automatic route.

“Opposition to reforms is minimal. Opposition to protectionism is minimal. Reforms in the foreign direct investment (FDI) in India have been significant and we are among the most open economies in the world,” he said.

The Finance Minister, however, lamented that while public investment and FDI were high, private sector investment still lagged behind.

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PDP chief Mehbooba Mufti released from detention after 14 months

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Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on Tuesday released from detention. “PDP chief Mehbooba Mufti is being released from detention,” said Jammu and Kashmir administration spokesperson Rohit Kansal.

A government order issued on Tuesday night said her detention was being revoked with immediate effect.

The Jammu and Kashmir administration in July had extended her detention by three months under the stringent Public Safety Act (PSA).

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Cinemas, theatres, multiplexes to open with up to 50% seating capacity from Oct 15

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Swimming pools for training of sportspersons to open with SOP from Oct 15

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SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance

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Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had a 22-year-old alliance with the BJP.

The decision was taken after a meeting of the Akali Dal’s Kaur Committee which lasted for more than four hours today. Mr. Sukhbir Singh Badal addressed the press after the meeting and announced that he would no longer be a part of BJP-NDA.

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