Reform ideas do not occur overnight and evolve over the years.
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
The Sensex ended up 244 points at 28,504 on strong global cues.
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).
Here's everything you need to know about the Goods and Services Tax Bill.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
The Opposition said that the government was 'bull-dozing'.
'The role of Parliament is to hold the government of the day, whichever party is in power, accountable for its actions, policies.' 'The amount we are wasting on Parliament is a very miniscule amount. But the cost of delay in policy-making is huge and that affects the entire nation.'
The GST will replace more than a dozen levies central and state levies, including central excise duty, service tax and central sales tax as well as VAT on sale of goods and entry tax, to make movement of goods seamless across 1.3 billion market.
Here's everything you need to know about the Goods and Services Tax Bill.
Single window clearances for realty must.
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