Catch all the action from the Monsoon session of Parliament, LIVE
Keeping the government on tenterhooks on key reform measures like the Insurance Bill and Goods and Services Tax, the Congress party on Monday said there is "no blank cheque" on its support on these in Parliament as the "devil lies in the details".
While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
Raghuram Rajan optimistic about passage of GST
An insatiable quest for personal propaganda, event management and attractive slogans has made Modi sovernment as 'catch headline government'
The report cautioned that low capacity utilisation and stressed balance sheets of banks and businesses will prevent a strong investment revival in the short term.
Only after its recommendations will the central GST, integrated GST and state GST Bills be taken up
'Otherwise, how is the government going to make more revenue?' 'The most important thing the GST does is to transfer money from the household consumers who are the most productive users of capital to the most unproductive users of capital, namely the government.'
A tally around 150 in Gujarat can see the index hit 10,700 levels going ahead
A final call will be taken by Congress president Sonia Gandhi on Thursday.
'NPT waiver is like being allowed in the verandah. NSG membership is like being in the room... being part of rule making.'
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".
GST is the biggest revenue shake-up since independence
Prime Minister Narendra Modi hit out at the Congress for "misusing" Parliament to stop the country's growth and hailed Samajwadi Party chief Mulayam Singh Yadav for "understanding this conspiracy" and working to end the logjam in the House.
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.
Two bills which seek to scrap a total of 1053 Acts are pending the Rajya Sabha since the budget session.
Once the GST is passed, the centre and states will have to adopt their own law.
The government wants to introduce a nationwide goods and services tax to revive its stalled reform programme.
GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the first five years
Electricity has also been kept out of the GST ambit.
WGC expects demand to revive in H2 on surplus monsoon rains
Petroleum being out of the goods and services tax initially will create some anomaly as tax credit on some of the inputs to oil industry may not be given, said revenue secretary Hasmukh Adhia.
Jaitley remained steadfast in not caving in to sustained Opposition pressure.
A GST roll-out by April 1 looks difficult, giving the companies some succour.
The NSE Nifty also moved up by 12 points to 8,648.35.
The raging row over nationalism was at the centre of Bharatiya Janata Party chief Amit Shah's inaugural address at the party's national executive meeting on Saturday as he asserted that it will not tolerate criticism against the country and that freedom of expression cannot be a plea for shouting anti-national slogans.
'The fabric of democracy is fraying,' says T V R Shenoy. 'It is being attacked not just by terrorists in Kashmir or by zealots in the North-East, but is being ripped apart even in Allahabad, in the Hindi heartland.'
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
Here's everything you need to know about the Goods and Services Tax Bill.
Crisil said a complete phase out of CST is necessary.
Stating that he had consistently held Singh in high respect, he expected the same from him.
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
Congress leader Jairam Ramesh interacts with readers on Rediff Chat as he discusses the period that changed India's history, forever.
The S&P BSE Sensex surged 217 points to end at 25,736.
With Parliament rocked by constant disruptions, Prime Minister Narendra Modi on Tuesday hit out at the Congress, accusing it of making a "mockery of democracy" and deciding to "destroy" the country as it cannot reconcile to the Lok Sabha poll defeat.
We have only three differences with the Bharatiya Janata Party on the GST, said the Congress vice president.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
Construction costs would be reduced to some extent and this benefit can be passed on to the customers, thereby spurring home buying
A logjam on the GST front could turn things upside down and turmoil in Gujarat might also have an adverse impact
Govt looking for common ground on GST; hopes to pass it soon.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances