Chidambaram again bats for 18% GST rate in bill

New Delhi, Aug 3 : Just as the income tax rate can’t be levied at the whim of the executive, and needs legislative approval, the same must also hold true for the Goods and Services Tax rate (GST), former Finance Minister P. Chidambaram said in the Rajya Sabha on Wednesday. Batting for the GST rate […]

GST anticipation, global cues suppress equity markets

Mumbai, Aug 3 : Indian equity markets on Wednesday succumbed to profit booking on uncertainties regarding the passage of the GST (Goods and Services Tax) Bill in the Rajya Sabha, coupled with weak global cues. Consequently, both the key indices closed the day’s trade in the negative territory, as heavy selling pressure was witnessed in […]

Mostly Indians on board Emirates flight that caught fire

Thiruvananthapuram, Aug 3 : Emirates on Wednesday said passengers from 20 countries were on board flight EK521 that caught fire after crash landing at Dubai International Airport. EK521 travelling from Trivandrum International Airport in Thiruvananthapuram, India, to Dubai had 282 passengers and 18 crew on board. In a statement issued here, the airline said there […]

GST will boost economy, federalism: Jaitley

New Delhi, Aug 3 : Union Finance Minister Arun Jaitley on Wednesday said the pan-India Goods and Services Tax (GST) regime was an example of federalism at its best, and will go a long way in boosting the revenues of both the Centre and the state governments. Initiating the debate in the Rajya Sabha on […]

Timeline: Long journey of GST Bill

New Delhi, Aug 3 : The Goods and Service Tax Bill, technically called the Constitutional (One Hundred and Twenty-Second Amendment) Bill, 2014, was introduced for discussion in the Rajya Sabha on Wednesday. If approved, it will be introduced in the country after a 13-year-long journey since it was first discussed in the Kelkar Task Force […]