Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year
The Perfect Holiday Gift Gift Now

Will GST Bill See Light Of Day?

Businessworld

|

July 25 2016

The Narendra Modi government is confident of passing the GST Bill, but the Opposition Congress is hellbent on playing the spoilsport

- Suman K. Jha

Will GST Bill See Light Of Day?

A bizarre theory doing the rounds in the capital is that the Indian National Congress, which seems to be opposing the Goods and Services Tax Bill (GST), only wants to defer it by a year. The theory is that it would like the NDA government to bear the full brunt of the teething troubles the indirect tax reforms may entail, like an all-round rise in prices, on the eve of the general elections 2019.

The Narendra Modi government is keen to roll out the GST by 1 April 2017, so it may have enough time to prepare for the Big Test in 2019. At this juncture, the Modi government is confident that it would be able to get the GST Bill passed in the monsoon session of Parliament, starting 18 July. While the Congress leadership remains adamant on the three-point agenda that party president Sonia Gandhi and former Prime Minister Manmohan Singh had proposed to Prime Minister Narendra Modi last year, another detractor the AIADMK has softened.

An AIADMK leader, requesting anonymity, says the GST legislation will, in all probability, be passed in the forthcoming session of Parliament, notwithstanding the AIADMK’s principled opposition to the indirect tax reforms.

After J. Jayalalithaa’s re-election as Tamil Nadu’s chief minister, PM Modi was among the first to congratulate her. A bridge-building exercise by Union ministers ensued, led by finance minister Arun Jaitley. A tirade against her by some Union ministers did rub Jayalalithaa the wrong way, but the PM’s gesture is believed to have softened her, say sources. Recently, she had a cordial meeting with Modi during her visit to Delhi.

So the AIADMK, which had raised “principled objections” to the GST regime at the empowered committee meeting in Kolkata recently, could walk out of the Rajya Sabha during the voting on the Bill to provide the much needed breathing space to the BJP-led government. The party has 13 members in the Rajya Sabha.

MORE STORIES FROM Businessworld

BW Businessworld

BW Businessworld

“Our Ambition Is To Strengthen India's Digital Backbone”

Invenia CEO & Whole Time Director PANKAJ MALIK outlines the company's strategy to power India's next phase of digital infrastructure expansion

time to read

2 mins

November 15, 2025

BW Businessworld

BW Businessworld

THE PRAGMATIST FUTURIST

In the debate around artificial intelligence displacing human talent, Akash Deep Batra, Head of Marketing for HP across India, Sri Lanka, and Bangladesh, offers a refreshingly grounded perspective.

time to read

1 min

November 15, 2025

BW Businessworld

BW Businessworld

RECIPE FOR BRAND SUCCESS

For Anil Gurnani, Chief Sales & Marketing Officer at TTK Prestige, brand purpose isn't a lofty ideal, it's the compass that guides every product, campaign and conversation.

time to read

1 min

November 15, 2025

BW Businessworld

BW Businessworld

“Real AI Breakthroughs Will Come From Smarter Algorithms, Not Just Hardware”

In an exclusive interview, Akamai CEO and co-founder TOM LEIGHTON, during his India visit, spoke with Rohit Chintapali about competing with hyperscalers, the rise of distributed compute, Al inference at the edge and why India is critical to Akamai's roadmap. Excerpts

time to read

4 mins

November 15, 2025

BW Businessworld

BW Businessworld

BUILDING BRANDS WITH MEANING

In an era where marketing is constantly balancing innovation with integrity, Chandan Mukherji, Director & Senior Vice President - Strategy, Marketing & Communication at Nestlé India, believes the foundation of great marketing still rests on one timeless value - trust.

time to read

1 min

November 15, 2025

BW Businessworld

BW Businessworld

A CULTURE OF COMFORT

In a category where the product is rarely visible and the purchase cycle stretches over years, Puneet Gulati, Chief Marketing Officer, Sheela Foam, has crafted a distinctive emotional space for Sleepwell, one that transcends functionality and connects deeply with human emotion.

time to read

1 min

November 15, 2025

BW Businessworld

BW Businessworld

SPEED, SOUL AND STRATEGIC AI

While most CMOs are still debating whether AI is friend or foe, Avi Kumar, Chief Marketing Officer at FNP, has already G2 moved past the binary.

time to read

1 min

November 15, 2025

BW Businessworld

BW Businessworld

How Apple Reinvented the Selfie for the iPhone 17

In an exclusive interview with two of Apple's technology wizards, BW Businessworld gains an insight into the making of the front camera system of the Apple iPhone series. Jon McCormack, Apple's Vice President of Camera and Photo Software Engineering and Megan Nash, iPhone Product Manager, talk at length with Sahil Mohan Gupta about what Apple calls its \"Center Stage camera\" for the iPhone 17 generation. They describe how Apple rebuilt the front camera system oversees—long treated as an auxiliary lens— into something foundational

time to read

5 mins

November 15, 2025

BW Businessworld

BW Businessworld

From Brand Guardians To Growth Architects

As AI, data and cross-functional collaboration reshape marketing, the chief marketing officer of 2030 must combine creativity, technology and financial acumen to drive business growth and influence strategy

time to read

3 mins

November 15, 2025

BW Businessworld

BW Businessworld

When We Forget How to Let Life Be

THE MORE WE AGE, the more stubborn we seem to become.

time to read

3 mins

November 15, 2025

Translate

Share

-
+

Change font size

Holiday offer front
Holiday offer back