Congress is opposing the GST bill in the current form.
Sensex rises, snapping two-session losing streak; banks, auto gain.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
BharatPe co-founder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi international airport following a look out circular issued against them in the alleged fraud at the fintech firm, sources said. The couple were to travel to New York late on Thursday for vacation when they were stopped at the airport on the basis of a look out circular issued by the Economic Offences Wing (EoW) of the Delhi police. EoW is investigating complaints of payments being made at BharatPe to fake human resource consultancies allegedly operated by Grover and family. They have also been accused of backdating invoices to use funds.
The session of Rajya Sabha came to an end on Friday after passing 12 bills and wasting 19 hours due to disruptions over various issues like imposition of President's rule in Uttarakhand and AgustaWestland helicopter deal controversy.
The Congress on Wednesday dismissed as "totally baseless" and "mischievous" reports that it had offered a deal to government under which it was ready to support passage of GST bill in Parliament if it axed External Affairs Minister Sushma Swaraj and Rajasthan Chief Minister Vasundhara Raje in the wake of the Lalitgate controversy.
market rally, especially in mid-caps, has also been driven by a pick-up in the monsoon and the government's resolve to get the goods and services tax (GST) Bill cleared in the recent session of Parliament.
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
A moderate GST rate obviates the need for the two-rate structure.
The government on Friday lowered its economic growth forecast.
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.
The Bills pertaining to the introduction of a new law and amendment to the Constitution will not be tabled in the coming Budget session of Parliament. finance minister Pranab Mukherjee and state finance ministers will meet in April to decide a new date for the GST rollout.
Finance Minister Arun Jaitley on Friday tabled the pre-Budget Economic Survey in the Lok Sabha.
Sources said that the ministers were unanimous in seeking a robust counter to the campaign of the Congress which has attributed political motive behind the case.
Swatting away Prime Minister Narendra Modi's statement suggesting that the opposition must not paralyse Parliament based on their 'whims and fancies', Congress chief Sonia Gandhi said on Friday that he could say whatever he wanted, hinting at no signs of backing down.
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
An audit conducted by professional services firm Alvarez and Marsal confirms fintech firm's dealings with fake or non-existent vendors.
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.
Following the address by President Ram Nath Kovind, the economic survey will be tabled in the two Houses.
Years of wait before DTC, GST are rolled out
Jaitley remained steadfast in not caving in to sustained Opposition pressure.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Abolition of CST will pave the way for an integrated Goods and Services Tax (GST) which will be introduced by April 1, 2010, Finance Minister P Chidambaram said.
States also demanded that Budget for 2015-16 should make adequate provisions for central sales tax compensation for early roll out of Goods and Services Tax, a Constitutional Amendment Bill for which was tabled in the Lok Sabha last week.
Maharashtra Chief Minister Eknath Shinde and the rebel Shiv Sena MLAs who had camped at a Guwahati luxury hotel for eight days have cleared their bills before they checked out on Wednesday, a hotel official said.
Markets closed in the red on domestic worries.
Jaitley keen to uplift the insurance sector.
Vivek Johri, the Chairman of Central Board of Indirect Taxes and Customs (CBIC) on Friday said that the cash recovery of approximately Rs 150 crore from searches in Kanpur at several locations related to Trimurti Fragrance is the 'biggest haul ever'.
Prime Minister Narendra Modi was elected last year on hopes he would revive a languishing economy.
In the face of tax blow, brokerages remain sanguine about the prospects of asset management companies (AMCs). A sharp correction in the shares of AMCs over the past three months factors in most of the negatives and turned valuations attractive, observe analysts. In its latest report, Kotak Institutional Equities (KIE) has upgraded HDFC AMC to 'add' (from 'reduce') and reprised 'add' and 'buy' ratings on the rest of the listed AMCs - Nippon, UTI, and Aditya Birla Sun Life.
The FM has been making efforts to make the taxation laws simpler.
The government said it is open to debating the JNU row in Parliament during the upcoming budget session starting February 23 with Modi saying that it will address the concerns raised by the opposition.
The ruling party has indicated willingness to discuss opposition-sponsored motions on 'intolerance'; Jaitley has also shown willingness to accommodate concerns on GST
Indications of a stormy start to the Budget session emerged at an all-party meeting with opposition accusing the government of "setting the agenda for disruption".
Govt is mulling a special session to amend the constitution to enable a national goods and services tax. Kavita Chowdhury answers a few FAQs on the complexities
The PM didn't hold back and launched a scathing attack against the Congress. Here are the highlights from his speech.
With a growing penetration of the Internet, which reaches to rural areas of the country, the retailers would be able to deepen their market
Arun Jaitley said he would put the DTC Bill in cold storage.
Finance Minister Arun Jaitley to discuss state-level issues before finalising GST.
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.
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