Live
- 39 candidates file papers on Day 1
- ED arrests AAP MLA Amanatullah Khan in Waqf Board appointment scam
- LS polls: Union Minister Bhagwanth Khuba, Dingaleshwara seer, Priyanka Jarkiholi file nominations in K'taka
- Amid show of strength, Congress’ Praniti Shinde files nomination from Solapur
- Tamil Nadu Police gives clean report to Isha Foundation in missing volunteers case
- Home Minister Amit Shah to address public meeting in Goa on April 24
- Gurgaon Open: M Dharma fires 67 for two-shot lead on penultimate day
- Sharad Pawar made many attempts to finish Shiv Sena, claims Maha minister
- Former England opener Raman Subba Row dies aged 92
- IPL 2024: Impact player rule is affecting the progress of half all-rounders, says Zaheer Khan
GST will soon happen, says Arun Jaitley
Highlights
Finance Minister Arun Jaitley expressed confidence on Wednesday that he would be able to pass a new goods and services tax (GST), saying opposition to the reform would crumble when it comes to a parliamentary vote.
Finance Minister Arun Jaitley expressed confidence on Wednesday that he would be able to pass a new goods and services tax (GST), saying opposition to the reform would crumble when it comes to a parliamentary vote.
.jpg)
"GST is only a question of time," Jaitley told an economic conference in New Delhi.
The opposition Congress party and its allies have been able to block the measure because Prime Minister Narendra Modi's nationalist coalition lacks a majority in the upper house of parliament.
Also Read: First tranche of corporate tax reduction in next Budget: Arun Jaitley
The upper house, which represents India's federal states, will be reshuffled next spring to reflect election gains by Modi's Bharatiya Janata Party - although it will still be short of a majority.
Still, Jaitley said that "tilt" in the makeup of the upper house would make it easier to pass the GST. The tax would create a single market in India for the first time and could boost the economy by as much as 2 percent, economists reckon.
"When it is put to a vote, I am sure it would pass," Jaitley told the event, organised by the World Economic Forum.
Next Story
ADVERTISEMENT
