Home / Knowledge / News / Textiles / GST to be top priority for govt, says Jaitley
GST to be top priority for govt, says Jaitley
07
Oct '15
Finance Minister Arun Jaitley has said that the Goods and Services Tax (GST) will be a "top priority" in the coming months and hoped to take the Bankruptcy Code to Parliament in the winter session, according to media reports.

Jaitley who is on a visit to the US, made the statement during an address to students and faculty at Columbia University. He said there are a large number of other legislative reforms which are required and he does not expect problems in their passage.

The finance Minister blamed the Congress party for stalling Parliament which meant that the GST Bill could not be passed in the monsoon session.

He said it was a political positioning by the Congress rather than a serious ideological opposition because the Manmohan Singh-led UPA government had initiated the idea of the GST. (SH)

Fibre2Fashion News Desk – India

ImageTextCaption Finance Minister Arun Jaitley has said that the Goods and Services Tax (GST) will be a "top priority" in the coming months and hoped to take the Bankruptcy Code to Parliament in the winter session, according to media reports.

Jaitley who is on a visit to the US, made the statement during an address to students and faculty at Columbia University. He said there are a large number of other legislative reforms which are required and he does not expect problems in their passage.

The finance Minister blamed the Congress party for stalling Parliament which meant that the GST Bill could not be passed in the monsoon session.

He said it was a political positioning by the Congress rather than a serious ideological opposition because the Manmohan Singh-led UPA government had initiated the idea of the GST. (SH)

Fibre2Fashion News Desk – India

Finance Minister Arun Jaitley has said that the Goods and Services Tax (GST) will be a "top priority" in the coming months and hoped to take the Bankruptcy Code to Parliament in the winter session, according to media reports.

Jaitley who is on a visit to the US, made the statement during an address to students and faculty at Columbia University. He said there are a large number of other legislative reforms which are required and he does not expect problems in their passage.

The finance Minister blamed the Congress party for stalling Parliament which meant that the GST Bill could not be passed in the monsoon session.

He said it was a political positioning by the Congress rather than a serious ideological opposition because the Manmohan Singh-led UPA government had initiated the idea of the GST. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Warangal textile park gets environment clearance

The Kakatiya Mega Textile Park, coming up in Warangal district of...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X