December 13, 2024 22:52 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bengaluru techie suicide: Karnataka Police issues summons to wife Nikita, her family members | French President Macron appoints centrist leader Francois Bayrou as new Prime Minister | Congress always prioritised personal interest over Constitution: Rajnath Singh | Jaishankar calls attack on Hindus in Bangladesh 'a source of concern' | Allu Arjun arrested over woman's death in stampede during Pushpa 2 premiere show | RBI receives bomb threat in Russian language, case filed | UP teenager kills mother, lives with body for 5 days | At least six people including a child killed in Tamil Nadu hospital fire | Amid Atul Subhash row, SC says mere harassment is not enough to prove abetment to suicide | India's D Gukesh becomes youngest ever world champion in chess
Wikimedia Commons

GST Bill will reduce barriers between states: RBI Governor

| | 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.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
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
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am