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Jaitley says taxation laws to be changed by India

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Singapore: Finance Minister Arun Jaitley on Thursday said, India’s taxation laws will be changed for greater predictability and stability in the tax regime.

“It has been our effort in India to gradually transform and change most of our taxation laws, put to rest various disputes and issues which have been pending, and make sure that the scope of discretion is eliminated and there is a greater degree of stability and predictability as far as taxation laws are concerned,” Jaitley told an international meet on “Doing Business Across Asia: Legal Convergence In An Asian Century”.

“One major step needed to increase the ease of doing business is to reduce inter-state variation and the barriers to inter-state trade,” he said referring to India’s states in a video message to this first such global conference on legal issues.

“The proposed Goods and Services Tax (GST) is a major step in this direction,” the Indian finance minister said.

“There will be uniformity in taxation rates, there will be much greater compliance and obviously certainty. It’s going to help India’s GDP,” he added.

In relation to the GST Bill that is pending in the Rajya Sabha because the ruling NDA lacks the requisite majority to push it through, Jaitley extolled the virtues of Indian federalism.

“If India despite its massive population and unparalleled diversity has remained strong and united political and economic unit, it is partly because of the freedom given to states to be diverse in their laws and regulations.”

“Some degree of divergence in practice also allows for experimenting with multiple models,” Jaitley said.

“The fact is that businesses need a level of tolerance for diversity of laws if they are to exploit the opportunities that come from geographical diversification,” he added.(IANS)

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Google Maps: India Based ‘Two-Wheeler’ Feature Launched to Whole Asia

The new travel mode in Google Maps is seen alongside Drive, Train or Bus and Walk alternatives.

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Google, while announcing this at an event in Thailand, did not elaborate when this option would be available on iOS devices as well as reach Western markets. Pixabay

The “two-wheeler mode” in Google Maps that first arrived in India last December has been extended to Hong Kong, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Taiwan, Thailand and Vietnam.

To be first available for Android users, the motorcycle-specific navigation will help bikers find the most suitable routes in these countries, The Verge reported late on Thursday.

“The goal is for drivers to read through the directions first to help memorise the path before they start navigating, especially since these countries tend to contain roads and alleyways without actual names,” the report said, quoting Krish Vitaldevara, Google Maps’ Head of Product.

Google, while announcing this at an event in Thailand, did not elaborate when this option would be available on iOS devices as well as reach Western markets.

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In December, Google incorporated navigation routes for two-wheelers with Voice Assistant capabilities in its Maps feature in India.

In December, Google incorporated navigation routes for two-wheelers with Voice Assistant capabilities in its Maps feature in India.

The new travel mode in Google Maps is seen alongside Drive, Train or Bus and Walk alternatives.

“The India-first feature is the new “two-wheeler mode” in Google Maps. India is the largest two-wheeler market in the world, and the millions of motorcycle and scooter riders have different navigation needs than drivers of automobiles,” Caesar Sengupta, Vice President, Next Billion Users Team at Google, had said during the launch.

Also Read-Google Rolls out ‘Maps’ Updates Globally

Two-wheeler mode in Maps shows trip routes that use “shortcuts” not accessible to cars and trucks.

It also provides customized traffic and arrival time estimations. (IANS)

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