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We hope that India will be among top 100 in ease of doing business: Sinha

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New Delhi: India will be among the top 100 countries in the World Bank’s list of ease of doing business ranking next year, Minister of State for Finance Jayant Sinha said on Monday.

We are very hopeful that next year when ease of doing business ranking comes we will have moved from 130 to being in top 100,

Sinha expressed his hopes for India’s position in the World Bank’s list of ease of doing business when he was delivering his speech in Karur Vysya Bank – Dun & Bradstreet SME Business Excellence Awards 2015 function in New Delhi.

“We have moved up 12 ranks in the ease of doing business… ” This ranking was based on may 2015 and many of the important initiatives that we have taken are only now starting to bear fruits.

The World Bank in a report released last month ranked India 130 out of 189 countries in the ease of doing business, moving up 12 places from last year.

Speaking to reporters here earlier in the day, Sinha said a high-powered committee to suggest a revenue-neutral rate for the proposed goods and services tax (GST) will submit its report in the first week of December.

We just had a consultation with the chief economic adviser and his committee that has been studying the question of revenue neutral rate. They have pulled together a lot of data from many different sources,

Sinha also said the government was in continuous talks with the opposition parties on the proposed GST Bill.

We have finalized the parameters that will be necessary to establish the rates. That is now being looked at. We will have something by the first week of December.

The constitution amendment bill for GST has been passed by the Lok Sabha and is pending in Rajya Sabha where the ruling NDA does not have the majority.

We are trying to talk with them (opposition) about all the aspects of GST. We all recognize how important this is for the economy for all of India so we are in continuous discussion to see what we can do to get it passed in the winter session,

The minister said the actual rate of GST is to be set not by a constitutional amendment but by the GST bill.

Of course we have had some input that there should be a rate that is fixed by the constitution amendment itself. So that is an item under discussion, but as of now our view is that it should be in the GST bill and not in a constitutional amendment,

The Rajya Sabha Select Committee has suggested that the GST rate should not go beyond 20 percent as higher rates could fuel inflationary tendencies.

(Inputs from IANS)

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In Jharkhand Lynching Case, Guilty Would Be Punished: Jayant Sinha

In a picture that has gone viral, the Union Minister could be seen garlanding the convicts in the Ramgarh lynching case in Jharkhand

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Sinha further said that he has full faith in our judiciary
Sinha said that he has full faith in our judiciary. Flickr

After sparking a political storm by welcoming eight men who were convicted in the Ramgarh lynching case in Jharkhand with a garland, Union Minister Jayant Sinha on Saturday said that the Ranchi High Court has suspended the sentence of the accused and released them on bail.

The Union Minister of State for Civil Aviation said on Twitter, “In the Ramgarh case (mob lynching), the Ranchi High Court, which is the first court of appeal, has suspended the sentence of the accused and released them on bail while admitting their case. The case will once again be re-heard.” Sinha further said that he has full faith in our judiciary and that those who are innocent would be spared while the guilty would be appropriately punished.

“I have full faith in our judiciary and rule of law. Unfortunately, irresponsible statements are being made about my actions when all that I am doing is honoring due process of law. Those that are innocent will be spared and guilty will be appropriately punished,” he said.

He added, “I have repeatedly expressed my misgivings about the Fast-Track Court judgement sentencing each accused to life imprisonment. I am pleased that the Hon’ble High Court will hear the matter as a statutory court of appeal to test the correctness of the Fast-Track Court order.” Sinha, who represents the Hazaribagh seat in Lok Sabha, yesterday felicitated eight men convicted for killing a meat trader in Jharkhand last year.

In a picture that has gone viral, the Union Minister could be seen garlanding the convicts in the Ramgarh lynching case in Jharkhand at his residence on the outskirts of Hazaribagh.

A Ramgarh Court had sentenced the 11 accused, in connection with the Alimuddin murder case in Ramgarh district to a lifetime in prison.

lynching-header
lynching header. Flickr

Alimuddin, also known as Asgar Ansari, was intercepted by a mob and beaten to death in June last year over suspicions of transporting beef in his vehicle near Bazartand village. The mob later set the vehicle ablaze.

Also read: New Portfolio: Full List of Union Council of Ministers after Reshuffle

Following the lynching incident, section 144 was imposed in Ramgarh. (IANS)