Asserting that the government has launched a "crusade" against corruption and black money by demonetisation, Prime Minister Narendra Modi on Tuesday sought opposition's cooperation while his rivals called the decision ill-prepared and hasty, causing "economic chaos".
The government on Friday lowered its economic growth forecast.
"This is a golden opportunity for us to lift the lives of the poor, the deprived. This is the time for doing more development and reforms," he said.
Congress on Wednesday said that it was open for discussions on the GST Bill on which it has "very genuine concerns".
Noting that the session is taking place just ahead of the 70th Independence Day, Modi said he was confident that discussions of the highest standard will be held.
"If there is proper debate in parliament, followed by a vote, then even without the Congress' support, we have a chance to pass it," says Union Minister of State for Finance, Jayant Sinha.
Finance Minister Arun Jaitley on Friday tabled the pre-Budget Economic Survey in the Lok Sabha.
'2017-2018 will be one of the best years for the country.' 'The wheel has finally started moving in the right direction. It should pick up momentum in the next 8 to 9 months to have a positive impact on the economy'
The Congress will respond comprehensively only after specificity emerges in the proposals, reports Amit Agnihotri.
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.
Markets closed in the red on domestic worries.
Here's a recap of events that occurred in India in the past 24 hours.
'The role reversal of those in favour of GST and those opposing it is troubling.'
The GST Bill, seen as single biggest tax reform in a long time, needs to be ratified by at least 15 state legislatures before the President can notify the GST Council which will decide the new tax rate and other issues
Government strategists are trying to ensure that the requisite 16 of the 31 states ratify the Bill by the end of this month
The GST bill's draft says tax would be levied on Maximum Retail Price
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
The mandate will help further the development agenda in these states, with good governance and policy reforms taking centrestage
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 govt will have to clear hurdles to push GST by March 2015.
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 macro-economic situation has been brought under control: Godrej.
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.
On Wednesday, the rupee had dropped by 26 paise.
The government was hoping to roll out the GST regime from April 2016.
Parliamentary Affairs Minister Ananth Kumar has already held telephonic talks with leader of the opposition in the Upper House Ghulam Nabi Azad.
In good times, analysts justify valuations giving interesting investment rationale.
Here's everything you need to know about the Goods and Services Tax Bill.
The ruling party has indicated willingness to discuss opposition-sponsored motions on 'intolerance'; Jaitley has also shown willingness to accommodate concerns on GST
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
Jaitley keen to uplift the insurance sector.
Weak dollar against other currencies overseas supported the rupee
The Bill was introduced in the Lok Sabha in December.
Party justifies total washout of day's proceedings in Rajya Sabha, citing Dalit atrocity, insult to Congress CMs and the GST bill.
'Day by day, the queues will shorten.'
Technical rallies and short covering may arise only if the markets break this 500 point band
Options include raising both excise and service tax rates in FY16
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
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
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