April 19, 2026 02:38 am (IST)

Make this your homepage

All Finance

Pushback from smartphone makers: Centre drops Aadhaar app pre-install plan — report | Meta eyes first wave of layoffs on May 20: Report | TCS breaks silence on Nida Khan: ‘No HR role, no power’ in Nashik case | ‘Panic reaction’: Rahul Gandhi on women’s bill, says PM Modi ‘wants to send a message’ | Adani Group shares rise as Gautam Adani becomes Asia’s richest, overtakes Mukesh Ambani | TCS Nashik ‘conversion’ case accused seeks anticipatory bail citing pregnancy | IT raids TMC candidate Debasish Kumar’s premises ahead of Bengal polls | Bengal SIR: Supreme Court allows voters restored by tribunal till April 21 and 27 to vote | 'Women won't spare you': PM Modi warns Opposition over resistance to quota bill | Vijay booked in 3 cases over poll code violation ahead of Tamil Nadu polls

Wikimedia Commons

GST Bill will reduce barriers between states: RBI Governor

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

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)

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

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