GST rollout: India is all set to rollout the historic Goods and Services Tax (GST) during a special joint midnight session of Parliament today. For 17 years, the idea of ‘One Nation, One Tax’ witnessed several delays, heated politics and more. But the time of GST has now arrived. Prime Minister N…
Tag: P Chidambaram
GST Rollout: P Chidambaram says India underprepared for new tax regime
While the Centre is ready to launch the ambitious Goods and Services Tax (GST) on a grand note on July 1, former Finance Minister P Chidambaram feels that the country is underprepared to come up with this new tax regime. A day ahead of the special midnight June 30-July 1 meeting convened by the N…
‘BHIM: Bharat Interface for Money’, a realtime cashless transaction scheme launched at DigiDhan Mela
As the 50-day window to deposit old 500 and 1000-rupee notes draws to a close on Dec 30, Prime Minister Narendra Modi launched ‘BHIM: Bharat Interface for Money’, a realtime cashless transaction scheme at the DigiDhan Mela on December 30. “This new mobile payment app ‘BHIM: Bharat Interface…
Too many GST rates could be disastrous: P Chidambaram
Former Finance Minister P. Chidambaram on October 24 said that too many GST (Goods and Services tax) rates would be ‘disastrous’ and advocated for reduction of rates in the new indirect tax regime. “A well designed GST is expected to have a standard rate, plus and minus standard rate. That latitu…
FM gives Rs 500 crore to support sc/st, women entrepreneurs
Union Finance Minister Arun Jaitley said the government will partner with Dalit Indian Chamber of Commerce and Industry (DICCI) to set up entrepreneurial hubs for entrepreneurs from the backward classes. Jaitley, presenting the Union Budget for 2016-17, said the government proposes to allocate Rs…