On Wednesday, the rupee had dropped by 26 paise.
"This is completely untrue. Please do not re-circulate such message without checking it with authority," Adhia said.
States should have enough time. We still do not know the rules. There are a lot of operational difficulties, says Jammu and Kashmir Finance Minister Haseeb Drabu.
The panel might also decide on a new chairman.
Jaitley remained steadfast in not caving in to sustained Opposition pressure.
The output of eight core sectors grew by 16.8 per cent in May, mainly due to a low base effect and uptick in production of natural gas, refinery products, steel, cement and electricity, official data released on Wednesday showed. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 21.4 per cent in May 2020 due to the lockdown restrictions imposed to control the spread of the COVID-19 infections. In March this year, these key sectors had recorded a growth of 11.4 per cent, and 60.9 per cent in April.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
'The economy has to become the government's No. 1 priority, which it is not at the moment,' says T N Ninan.
The government on Wednesday decided not to hold special session of Parliament to pass the constitution amendment bill for rolling out Goods and Services Tax and will recommend to the President to prorogue the Monsoon Session.
A strong proponent of the GST, Adi Godrej has been saying for five years or more that it will add one per cent to India's gross domestic product (GDP).
Govt is keen to push reforms in the insurance sector.
Traders are closely watching the progress of the monsoon.
A moderate GST rate obviates the need for the two-rate structure.
State finance ministers' panel to decide on latest attempt at harmonising of views on Constitution amendment.
The confidence that GST Network is capable of handling the returns, payments, reconciliation, refunds, etc., has been badly shaken.
The central government, in its revised draft of the constitution amendment bill, had proposed that fuel and liquor should be brought under the ambit of GST.
Budget planners for now have been told to prepare with the assumption that GST will apply from April 1.
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.
The mandate will help further the development agenda in these states, with good governance and policy reforms taking centrestage
They are evaluating realignment of warehouses and supply chains, besides exploring locations to set up hubs and shutting down some distribution centres
The RBI announced its monetary policy on Tuesday.
Many private economists consider the deficit target optimistic, citing weak tax receipts in a sluggish economy and high federal expenditure commitments.
The session will have 20 working days for now.
Protesting Congress members had on Tuesday too blocked a debate on the bill. The monsoon session ends on Thursday.
GST reform has been hanging fire since 2006-07.
Jaitley said the geographical expansion of the BJP in Kerala, after Karnataka and Andhra Pradesh in the South, and the 11 per cent vote share in West Bengal were 'important milestones'.
Despite a steady collection rate, the government faces a steep Budget target of Rs 6.1 trillion for CGST for 2019-20.
The Maharashtra CM said he doesn't think the Centre has a plan on settlement of Hindu immigrant from other countries.
As many as 30 sub-groups and committees worked tirelessly to devise rules and laws as well as fix tax rates for over 1,200 goods and services.
Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.
The state has extended its full support, provided its revenues are protected.
GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
The Congress, however, said it wanted to see the final print on the wording of the dispute resolution mechanism before committing its support to the Bill
The National Democratic Alliance won 64 seats.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Analysts say markets to be impacted by monsoon, inflation trajectory.
Finance Minister Arun Jaitley to discuss key issues with state finance ministers.
Donald Trump blamed the Democrats after the bill, which would have provided short-term funding for the Pentagon and other federal agencies, did not receive the required 60 votes.
Any judgement on whether the March numbers reflect sustainable growth in GST collection should ideally await the numbers that will be out in May, points out A K Bhattacharya.
Jaitley increased the excise duty on most tobacco products by 10-15 per cent.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances