March 18, 2025 03:25 pm (IST)

Make this your homepage

All Finance

Maha Kumbh showed unity in diversity: PM Modi in Parliament | Think twice before travelling outside US: Indians with H-1B, F-1 visas, green cards warned by immigration attorneys | Mamata Banerjee visits Furfura Sharif, slams Opposition for questioning her intent ahead of 2026 polls | Left, BJP call Mamata's Oxford University invitation fake PhD deja vu, TMC hits back | Violence breaks out in Nagpur over call to remove Aurangzeb's tomb, Fadnavis appeals for peace | Ballet dance between dragon, elephant is the only choice: China after Modi's 'positive' remarks in Lex Fridman podcast | PM Modi meets Tulsi Gabbard, discusses ways to enhance cooperation for tackling terrorism | Trump, Modi are focused on strengthening shared interests of India and US: Tulsi Gabbard | Orry in legal trouble for drinking at Katra hotel near Vaishno Devi pilgrimage site in Jammu and Kashmir | Tamil Nadu: BJP leader Tamilisai Soundararajan detained during protest against TASMAC scam

Wikimedia Commons

GST Bill will reduce barriers between states: RBI Governor

India Blooms News Service | | Dec 11, 2015, at 01:32 am

#GST Bill # Raghuram Rajan # Kolkata # Rahuram Rajan GST Bill # parliament

Kolkata, Dec 10 (IBNS): Reserve Bank of India (RBI) Governor Raghuram Rajan on Thursday backed the proposed Goods and Services Tax (GST) Bill and said that it will reduce barriers between states.

During a question-answer session following his lecture at the Presidency University in Kolkata, the RBI governor said it is high time to pass the GST Bill, which will enable to create one common market.

On being asked if GST is a good move for the country, he said, "Absolutely. GST has two big effects-one it could increase tax net partly bringing more people under it. Secondly, it will reduce barriers between states and create one common market. It is high time for that."

With just 10 more days left for the Parliament winter session, the GST bill might have to take a back seat under the prevalent conditions. If passed, the government can implement the new law from the next financial year.

(Reporting by Sujoy Dhar)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm