Saturday November 25, 2017
Home Politics Arun Jaitley ...

Arun Jaitley slams Congress for delay in GST bill

0
55

New Delhi: Lashing out at the Congress party again for blocking a pan-India goods and service tax regime, Finance Minister Arun Jaitley on Saturday said some reform-oriented laws, nonetheless, were expected to be passed during the remaining three days of what has been a none-too-productive winter session of parliament thus far.

“The next three days are crucial with very important pieces of legislation coming up before our parliament,” Jaitley said here addressing the annual general meeting of the Federation of Indian Chambers of Commerce and Industry (Ficci).

Among the legislations listed by him, one was on the bankruptcy code and the other on arbitration.

Nonetheless, he said the steps taken by his government will prove to be beneficial. “We’re hoping that structural reforms undertaken will help us go to 8 percent growth in 2016-17,” he said, even as the mid-term economic survey released a day before had cut the prospect to 7-7.5 percent.

Jaitley’s speech had political content as well, notably on the effort in vain, thus far, to get the goods and services tax bill passed in the current parliament session. “I’ve no doubt in my mind that the attempt to delay the GST is entirely for collateral reasons,” he said.

“The only collateral reason I suspect is: ‘If I couldn’t do it, then why to let someone else do it’!” Jaitley exclaimed, but added: “A delayed GST is better than a flawed GST.”

As regards the legislations which the government wished the two houses to consider over the next three days, Jaitley said one of them sought to put India back on the global adjudication map for cases of arbitration as the costs of such litigation were enormous abroad.

“We’re bringing in a bill for fast-track arbitration, including single-member tribunals.”

He also referred to the proposed new bankruptcy code that aims to resolve cases of insolvency at the earliest so that amounts lent to such companies can also be recovered fast. The bill has proposed a timeline of 180 days, extendable by another 90 days, to resolve such cases.

Speaking at the event later, Jaitley’s deputy and Minister of State for Finance Jayant Sinha forewarned that low farm sector growth and the cost of implementing the pay commission recommendations together with a slow global expansion will prove to be taxing for his government next year.

“Next year is a challenging year. Headwinds of two major factors will be slowing us down,” Sinha said, adding the slowing farm output growth was the result of two successive years of bad monsoon and the global slowdown was hitting India’s merchandise exports.

He also said the government has its task cut out in meeting the fiscal deficit targets.(IANS)

Next Story

Court Asked Arvind Kejriwal if He Lied about Calling Arun Jaitley, a Crook

The court asked Kejriwal to abstain from "scandalous" and "indecent language"

0
34
Arvind Kejriwal
Delhi Chief Minister Arvind Kejriwal. Wikimedia
  • Arvind Kejriwal was asked to clarify if he lied about calling Finance Minister, Arun Jaitley a crook
  • The Chief Minister is now supposed to offer his defense to the Delhi High Court
  • Jethmalani says that the Chief Minister owes him two crores for his appearances

New Delhi, Aug 23, 2017:  Aam Admi Party Chief Arvind Kejriwal was asked to clarify if he lied in court by pretending that he did not ask for abusive language to be used against Finance Minister Arun Jaitley, mentioned NDTV report.

Previously, Kejriwal stated in the court that he had not instructed his former counsel Ram Jethmalani to use  “crook” to describe the union minister in court. But Jethmalani claims that the Chief Minister used harshly insulting words to attack Jaitley.

Jethmalani declared that according to Jaitley, Kejriwal had misled the court by denying the allegations. In fact, he says Jethmalani has written to him to insist that was the case.
The Chief Minister is now supposed to offer his defense to the Delhi High Court.

In 2015, Jaitley sued Kejriwal and five top leaders of his Aam Aadmi Party for defamation after they accused him of corruption during his 13-year tenure as the top boss of the DDCA, the powerful cricket association that handles Delhi and its surrounding areas.  In two separate cases – criminal and civil – Jaitley has sought damages of 10 crores.

Also Read: Ram Jethmalani Exposes Arvind Kejriwal. Says, Kejriwal was Fixated on calling Jaitley Crooked 

During court the proceedings last month, Jaitley complained to Jethmalani’s language and said ‘Kejriwal’s team is delaying hearings in the Delhi High Court.’

The court asked Kejriwal to abstain from “scandalous” and “indecent language.”

After the Chief Minister said that he had not approved the abusive words, the lawyer riposted in a blog: “Ask your conscience how many times you used worse abuses than a mere ‘crook.’ You have hundred times asked me to teach this crook a lesson.”

Jethmalani says that the Chief Minister owes him two crores for his appearances. It seems that, in his new enmity with Kejriwal, he has become an indirect ally of Jaitley.


NewsGram is a Chicago-based non-profit media organization. We depend upon support from our readers to maintain our objective reporting. Show your support by Donating to NewsGram. Donations to NewsGram are tax-exempt. 

Next Story

India Finally Rolls Out GST After 17 Years of Struggle: Why there are Mixed Reactions?

The Bill was Passed in the Midnight at the Parliament House on 1st July

0
77
GST. Wikimedia
  • Modi pointed out number of chapters in the Bhagavad Gita were same as number of times the GST council had met ie 18
  • The President said that during his term even Modi had some issues about the bill but then praised Modi of having a constructive approach towards GST
  • Arun Jaitley complemented the quality and maturity with which the political stakeholders made the GST launch a success

July 1, 2017: After 17 years of limitless struggle, finally on July 1, 2017, GST (Goods and Services Tax) became a reality in India and the country is having mixed reactions about it. While some segment of the population is happy about it, some think it would give rise to inflation and other simply don’t understand the GST bill.

The Bill is launched from the Parliament House where Prime Minister Narendra Modi was the person who made this into a reality. He translated this historic tax reform as ‘Goods and Simple Tax’.

During the enactment speech, Modi also pointed out two similarities in the Indian history and GST bill. One was that the number of chapters in the Bhagavad Gita were same as the number of times the GST council had met i.e. 18. Secondly, one was the number of taxes before GST and number of self-governed provinces in India before they were brought under one government by Sardar Vallabhbhai Patel.

ALSO READ: Fearing Abduction, Tribal women Harm their Faces to make them less Appealing to Men

PM Modi said GST was not only a tax reform but a social reform too, and added, “Just like Sardar Vallabhbhai Patel united over 500 provinces into one India, there were 500 different types of taxes spread across 29 states and seven Union Territories that we are bringing into one tax regime…. The best brains in the country have been working to make GST a reality and today it has become an exemplar of cooperative federalism in the country.”

Another notable thing about the GST launch was the attendees of the event. The SP (Samajwadi Party) and the BSP (Bahujan Samajwadi Party) didn’t have any take on attending the session but finally, they changed their minds and Ram Gopal Yadav from SP and Veer Singh with Raja Ram from BSP also attended the launch.

The only corporate leader was Ratan Tata and from the Bollywood industry, actor Amitabh Bachchan and Lata Mangeshkar were also invited.

Modi’s speech followed the speech of Pranab Mukherjee who said, “It is also a momentous occasion for me personally. I had introduced the Constitutional Amendment Bill in 2009 as the Finance Minister.”

He also added that during his term even Modi had some issues about the GST in a subtle way but then praised Modi of having a constructive approach towards GST.

After the President, Arun Jaitley was the third speaker who complimented the quality and maturity with which the political stakeholders made the GST launch a success. He also added that “this is a high point in Indian Politics.”

While the Opposition parties, including the Congress, didn’t attend the launch. They criticized that the bill was passed in a hurry and called it a blunder.

The government claimed that the reform will successfully create a national market, enhance the ease of doing business and improve tax compliance. Now after the successful launch of the event, the next most important thing would be towards the implementation of India’s biggest tax reform.

– by Sumit Balodi of NewsGram. Twitter: @sumit_balodi

Next Story

Indian Army vows to take Revenge on Mutilation of 2 Soldiers by Pakistan

0
119
Indian Army (representative image), Wikimedia

Jammu, May 3, 2017: Last week on Monday at 8:30 am, two Indian soldiers along with their captain were killed after Pakistani terrorists attacked an army camp in Kupwara.

The soldiers who were killed, trapped and ambushed were Naib Subedar Paramjeet Singh, an army soldier, and Prem Sagar, a Border Security Force constable. Indian army’s Northern command reported that Pakistan used rockets and mortar bombs on 2 posts along Line of Control where these soldiers were patrolling.

NewsGram brings to you latest new stories in India.

“Pakistan fired unprovoked on two army posts in the Krishna Ghati sector in Poonch along the Line of Control,” said the army. Following Pakistan firing that killed 2 soldiers, India retaliated with heavy mortar firing immediately.

Pakistan mutilated 2 Indian soldiers along the Line of Control when they were patrolling.(Twitter)

Calling India’s allegation as “false”, Pakistan has denied violating ceasefire and disrespecting Indian army. After India vowed revenge for the mutilation of its two soldiers killed in firing along the LOC and promised to respond strongly as well as firmly.

Look for latest news from India in NewsGram.

According to NDTV report, Indian Union Minister Arun Jaitley has described the mutilation as “reprehensible and inhuman” calling them to be unfit even during wars. He further continued, “the incident is set to worsen ties between the two countries, which have been deeply strained after repeated ceasefire violations by Pakistan, the terror attacks in Jammu and Kashmir and the death sentence handed to Indian man Kulbhushan Jadhav, who was arrested in Pakistan last year.”

It is to be noted that last year in September, Indian soldiers have crossed the Line of Control late at night to attack staging areas for terrorists in Pakistan-Occupied Kashmir and returned home safely before dawn under the banner of “Surgical strike”. This action came 10 days after “Uri Pakistani attacks” which left 19 military personnel dead.

– prepared by Himanshi Goyal of Newsgram, Twitter: @himanshi1104