Free Press Journal
  • swapan dasgupta

    Prime Minister Narendra Modi baiters have a field day

    In any healthy and rumbustious democracy such as India, it is only natural that government decisions are contested. Some of the disagreements are entirely ritual and lacking both conviction and substance; others are entirely ideological and stem from divergent beliefs over what is appropriate; and still others are a curious blend of alternative aesthetics, personal agendas—what is popularly called ‘vested interests’—and plain spitefulness.

  • Local bodies seek steady income after GST roll out

    New Delhi:  Fearing loss of octroi income after GST is implemented, Mumbai Municipal Corporation officials  suggested that it should be made mandatory for state governments to compensate local bodies for their loss as the new indirect tax regime is rolled out.  The Corporation representatives made the suggestion to a Select Committee of the Rajya Sabha on the 122nd Constitution Amendment Bill for rolling out of the Goods and Services Tax (GST).  Presentations

  • Manmohan bats for Goods and Service Tax

    New Delhi :  Former prime minister Manmohan Singh on Saturday made it clear that the Congress will support the government in passing the 122nd Constitution amendment bill for new GST (goods and services tax), but only after the few changes inserted in it by the present government are evaluated by a select committee of the Rajya Sabha.

  • Arun Jaitley

    GST to herald economic integration: Arun Jaitley

    Mumbai: Stating that GST will herald an economic integration of India, Finance Minister Arun Jaitley today slammed opposition Congress for stalling progress of the country by preventing passage of the Constitution Amendment Bill. “The entire country will become one market and it will be an economic integration of India,” Jaitley said launching three social security schemes here.

  • How will GST system function?

    The following are the salient features of the proposed pan-India Goods and Services Tax regime that was approved by the Lok Sabha by way of an amendment to the Constitution:

  • Arun Jaitley

    Goods and Services Tax makes headway in Lok Sabha

    New Delhi :  The most radical tax reform that has been hanging fire for the last several years — the Goods and Services Tax — moved a step further as the Lok Sabha started discussing the 122nd constitution amendment Bill with a fervent plea from the union finance minister Arun Jaitley beseeching the opposition members to pass it.

  • income tax

    Congress confused on Goods and Services Tax Bill

    New Delhi :  The floor managers of the Bharatiya Janata Party need not spend any anxious moments over the passage of the constitutional amendment bill related to the Goods and Services Tax. The Congress, which has the largest single block in the Rajya Sabha and has proved to be a stumbling block, stands utterly confused on the way forward with regard to the Bill.

  • World Bank pegs India’s GDP growth at 7.5% in 2015-16

    New Delhi : The World Bank projects India’s GDP to expand to 7.5 % in the current fiscal on account of increased economic activity and greater stability. “India’s economic growth is expected to rise to 7.5 % in 2015-16, followed by further acceleration to 7.9 % in 2016-17 and 8 % in 2017-18,” the World Bank said in its India Development Update report.

  • We don’t see any oppn to GST Bill: Jayant Sinha

    New Delhi : The Union government is confident of passing the Constitutionalamendment Bill for implementing the Goods and Services Tax in the currentsession of the Parliament, Minister of State for Finance Jayant Sinha said  on Sunday.

  • Reforming the tax system

    The Government moved the long-pending Constitution (122nd Amendment) Bill, 2014, for the proposed goods and services tax in the Lok Sabha on Friday. The leader of the Congress Party in the House opposed the introduction on the ground that Friday was reserved for private members’ bills. That shows how serious our parliamentarians take important legislative business. Given the serious nature of the Bill and the huge gains that are likely to flow

  • Arun Jaitley

    GST moved in LS amid stiff Opposition resistance

    New Delhi: The long-pending Goods and Services Tax (GST) Bill was today moved in the Lok Sabha for consideration amid stiff resistance by several Opposition parties, even as Finance Minister Arun Jaitley said it is a “win-win” measure and states have nothing to fear. Members of Congress, led by Sonia Gandhi, along with those of TMC, Left and NCP staged a walk out after their plea for referring the Constitution Amendment Bill to

  • NDA to move GST Bill in current Parliament session, says Jaitley

    New Delhi :  Aiming for GST roll out by April 2016, the government will move the Constitution Amendment Bill in Parliament within a couple of days, even as compensation and revenue loss to manufacturing states lacked consensus at a meeting held on Wednesday.

  • Sensex snaps 5-session fall, rises 214 pts

    Mumbai :  Ignoring caution over below normal monsoon forecast, the benchmark BSE Sensex today rebounded by 214 points to snap its five-day losing run to 27,890.13 on value-buying in bluechip stocks like Sun Pharma.

  • Reforms: Delays par for course

    The NDA Government’s agenda for economic reforms – that is crucial to kick-start flagging growth in the economy – has finally moved forward in the face of intense political opposition. Expectations were clearly unrealistic that a government with a commanding majority would be in a better position to implement policy changes faster than, say, a minority government hobbled by a rainbow coalition. It has indeed been a tough slog for the NDA

  • GST

    GST spooks big taxpayers of country’s first LTU in Bengaluru

    Bengaluru: High-net worth entities of country’s first Large Taxpayer Unit (LTU) here are unnerved at the protocols that would follow proposed roll out of Goods and Services Tax (GST) next year even as they seek more facilities from government to improve the ease of doing business in India. The LTU in the Karnataka capital was the first, among thefive such facilities in the country, to be created in 2006 by the central government

  • Govt To Implement GST From Apr 1, 2016

    New Delhi: The Goods and Service Tax, which is expected to play a ‘transformative’ role in the functioning of Indian economy, will be rolled out from Apr 1, 2016, Finance Minister Arun Jaitley said on Saturday.