He will succeed Kerala Finance Minister K M Mani.
Some may lose competitiveness due to higher compliance costs
Chartered accountant and commentator M R Venkatesh on why the GST Bill will cost the BJP dear.
Tax experts said historically in July and August indirect tax collections remain subdued and pick up with the onset of the festive season post Ganesh Chaturthi.
Totackle the serious challenges faced by the banking sector, the government will bring in more professional management and boards in the banks.
The GST will also be applicable on the non-compete amount given by an employer to an outgoing employee, report Indivjal Dhasmana and Sudipto Dey.
Aggressive rate hikes by the US Federal Reserve could result in a flight of capital from emerging markets like India, says B Gopkumar, chief executive officer, Reliance Securities.
Parliamentary Standing Committee on Finance Chairman Yashwant Sinha wants the government to first introduce goods and services tax (GST) at the central level and set example for states to implement the indirect tax reform.