India's existing web of federal and state sales taxes is levied at different stages of the supply chain and often results in double taxation, while forcing trucks to spend nearly a quarter of their road time in border checks or other inspections.
GST has been hanging fire with the Opposition Congress yet to come on board
Bracing for the opposition onslaught in Parliament, government and the ruling Bharatiya Janata Party on Sunday decided to aggressively counter the attack on its leaders like Sushma Swaraj, Vasundhara Raje and Shivraj Singh Chouhan and rake up controversies related to Congress leaders.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was sharply higher by 0.62 per cent at 93.96.
The current draft of the Goods and Services Tax could kill any hope of economic revival - and you should blame the Congress if it rolls over and lets it pass, says Mihir S Sharma.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
Two bills which seek to scrap a total of 1053 Acts are pending the Rajya Sabha since the budget session.
The introduction of GST would constitute India's biggest reform.
Opposition parties have closed ranks to target the government on a range of issues from intolerance to rising prices as the winter session begins on November 26.
As the Narendra Modi government nears completing a year in office, the Congress on Wednesday stepped up its offensive against the prime minister accusing him of weakening democracy by running a "one-man show" while scoring maximum on "arrogance" and minimum on governance.
Jaitley said a very large number of reforms have taken place over the last few years and that has helped in restoring the credibility of the Indian economy
Without naming the Congress, he said the frustration of a party, which ruled for four generations, was at the root of this politics of opposition for opposition's sake.
'Prime Minister Modi stated several times that we shall not let this challenge go away without converting it into an opportunity to undertake systemic reforms.' 'And hasn't that been reiterated in action?'
The Congress on Monday sought a discussion on the latest report of the CAG, listing alleged irregularities in Gujarat State Petroleum Corporation's KG basin gas project and forced three adjournments in Rajya Sabha in the pre-noon session demanding a response from Prime Minister Narendra Modi.
Lok Sabha proceedings were adjourned for the day on Thursday following a request from the government that the Indian Antarctic Bill, 2022 be taken up for consideration when Opposition members are also present in the House.
'With 1.3 billion consumers, India's market has great potential.'
He said that the voices of the weak, did not reach the BJP and the RSS.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
'Day by day, the queues will shorten.'
Catch all the action from the Monsoon session of Parliament, LIVE
Technical rallies and short covering may arise only if the markets break this 500 point band
Prime Minister Narendra Modi gave the vote of thanks to the President's speech on the opening day of the Budget session.
Congress leader Jairam Ramesh interacts with readers on Rediff Chat as he discusses the period that changed India's history, forever.
While seven of the suspended MPs belonged to the TMC, six were from the DMK, three from the Telangana Rashtra Samithi, two from the Communist Party of India-Marxist and one from the Communist Party of India.
Prime Minister Modi highlighted the importance of public participation in a democracy and said that the definition of democracy could not be restricted only to elections and the governments.
Responding strongly to attacks on him by Congress chief Sonia Gandhi, Prime Minister Narendra Modi on Thursday implied that she wielded real power during the United Progressive Alliance rule as an "extra-constitutional" authority whereas his government was run only by constitutional means.
Rupee was impacted by renewed dollar demand from banks and importers amid sharp falls in equity market
During a media interaction, Mamata Banerjee voiced her discontent over the Centre's 'stepfatherly' attitude towards Bengal. Banerjee's detractors feel that the agenda that she conveyed to the media is nothing but an eyewash. According to them, 'Mamata and Modi are heading towards an alliance of convenience'. Indrani Roy reports from Kolkata on the agenda and politics of prime minister two-day visit to the state.
Prime Minister Narendra Modi on accused the Gandhis of disrupting Parliament to avenge defeat in 2014 Lok Sabha polls.
Stating that he had consistently held Singh in high respect, he expected the same from him.
The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said. Revenue secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on the income from cryptocurrency, and in respect of Goods and Services Tax (GST) also the law is "very clear" that the rate would be applicable as those in case of other services.
Naidu was an Akhil Bharatiya Vidyarthi Parishad activist during the Emergency and was arrested and jailed.
They were participating in a debate on the bill for giving effect to various compliance relief measures for taxpayers, including extending time limits for filing returns, in the wake of the coronavirus crisis and tax benefits for donations to PM CARES Fund.
The stormy monsoon session of Parliament came to an end on Thursday, becoming a virtual washout and delaying legislations which could not be passed because of continuous acrimony.
Apart from Smriti, Ravi Shankar Prasad and Ananth Kumar took over as law and parliamentary affairs ministers respectively.
The opposition, while not directly stalling Parliament, will insist all legislation goes to standing committees, delaying implementation.
Catch all the action from the Monsoon session of Parliament, LIVE
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Never before has the need for creating an ambience for economic policy reforms been as critical as it is now, points out A K Bhattacharya.
The Congress on Monday described as a "blot on democracy" the suspension of its four MPs for the rest of the monsoon session for disrupting proceedings in the Lok Sabha, alleging the government was trying to "intimidate" the party but it would not be cowed down.
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