Search Result for : Direct And Indirect Tax Reforms

The Dollar Business Bureau Finance Minister Arun Jaitley on Wednesday said that the government will continue with the tax reforms, repair the banking structure and to get moving stalled infrastructure projects to drive growth. However, it is not still ready to sell off its state-run banks.   On the top of economic policy priorities, Jaitley said that he was firm on sticking to a ‘very stiff’ timetable that foresees passing crucial enabling legislations for the new goods and services tax (GST) this season.   He said that once implemented, the new GST would have a ‘transformational’ effect by developing a common marketplace for the first time in the country, whereas also serving as a transfer mechanism that would support the poorer federal states.  The aim of ...

Source: PTI    Confident of pushing GDP growth higher and continuing the reforms agenda, Finance Minister Arun Jaitley on Saturday said one main reform which is still work in progress is ‘ease of doing business’ in India and steps are under way on that front. Jaitley also said the political opposition is unlikely to obstruct the reform process, including on the direct and indirect tax reforms, and he was hopeful about the GST getting through as well which is one of the few reforms that has been held up. He said India’s ranking has improved on ease of doing business in the last one year, but more needs to be done on that front and necessary steps are being undertaken. Speaking ...