Jaitley became the first BJP leader from the Centre to launch the party’s election campaign in Punjab on Friday.
The companies are New India Assurance ,United India Insurance, Oriental Insurance , National Insurance and General Insurance.
“There was a broad view that July 1 appears to be a more realistic date to roll-out GST,” said Arun Jaitley after the GST council meeting.
Jaitley also cautioned against excessive use of paper currency, which he termed as ‘detriment to society’
In his address at the Vibrant Gujarat Summit in Gandhinagar, he said excessive paper currency has its own vices and leads to its own temptations.
Arun Jaitley said that Congress, despite being a national party, has decided to adopt a political position, opposing both technology, change and reforms.
Jaitley had in his Budget for 2016-17 fiscal put gross tax revenue estimate at Rs 16.3 lakh crore, about 11 per cent higher than gross tax receipts of Rs 14.5 lakh crore for the previous fiscal.
Reacting to the opposition of poll dates from parties like BSP and SP, Jaitley said “These are the same parties which say there has been no positive effect of demonetisation so why are they worried about date of budget.”
The two-day meeting of the all-powerful GST Council, the 8th in a row, made little headway in brokering a solution even as non-BJP ruled states saw September as more likely deadline for the rollout of the indirect tax regime.
“The last year was a very successful year for India as we continued to remain the fastest economy in the world, and I’m sure that we will maintain the same position,” Jaitley said.
Arun Jaitley revealed RBI now has a substantial amount of currency available for disbursement “to support the market to the extent that the market needs that kind of liquidity.”
Three months to hand old notes to RBI only for exigencies. The ordinance will come into effect after the President gives his assent.
“When this money comes into the system, the banking system becomes stronger and there are funds available for rural development, social welfare programmes,” Jaitley said.
He said the GST Council will meet on January 3-4 on IGST, dual empowerment, legally vetted language of compensation law.
Despite a continued demand for work from its producers, DD Kashir has produced no serials, documentaries, or reality shows in years.