“The Congress has given the most corrupt government in its ten years of rule, while Narendra Modi has given the most honest government. By forcibly saying that a truth is a lie does not make it a lie,” Jaitley said
The fact that GST council has met so many times showed that there was undue haste in implementation and the bureaucracy had not done its homework, Manmohan Singh said.
Moody’s India rating upgrade: “This is not something that’s happening in isolation,” emphasised Arun Jaitley, adding that India is the fastest growing among the major economies for three years in a row if one looks at the big picture.
Recapitalisation of PSBs will be linked to strict performance parameters, said Arun Jaitley.
The biggest beneficiary of waning attractiveness of traditional investment instruments, thanks to multiple factors like demonetisation, govt’s cashless push and low interest rates, has been the stock markets.
The government has so far borrowed Rs 4.46 lakh crore of the budgeted Rs 5.8 lakh crore for the fiscal year 2018 leaving close to Rs 1.34 lakh crore of borrowings over the next four-and-a-half months.
Yashwant Sinha blamed Arun Jaitley for being “directly responsible” for all the “anomalies” in the GST.
Some companies have assured dealers of compensation against any potential revenue losses.
On November 15, the Finance Minister will visit the Singapore Expo and deliver the keynote address at the Singapore Fintech Festival, a global event that draws over 10,000 participants
In the last three-and-a-half years, the government pumped in more than Rs 51,000 crore capital in PSU banks.
The GST Council, at its 23rd meeting, moved 178 items out from the list of 228.
The GST council meeting trimmed the list of items in the top 28 per cent GST bracket to just 50 from current 228. Only luxury and sins goods are now in highest tax bracket.
“The Finance Minister did not apply his mind while rolling out the Goods and Services Tax and that’s why he is tinkering with GST everyday…,” Sinha said.
GST Council meeting LIVE: Finance Minister Arun Jaitley said 178 items have been moved from 28 per cent to 18 per cent GST slab and that the changes will be applicable from November 15.
The Council will also consider lowering tax rates on 100-150 items in the 28 per cent tax bracket such as handmade furniture, plastic products and daily use items like shampoo