To take your ideas to Policymakers, Join the Campaign of #PolicyPulse Write to feedback@policypulse.com

PM Modi confident of passing of GST bill

Obstruction of GST is now not a Lok Sabha issue but has become a Gram Sabha issue, he says

Policy Pulse
Publish Date: Jul 5 2016 10:18AM | Updated Date: Jul 6 2016 12:06PM

PM Modi confident of passing of GST bill

Prime Minister Narendra Modi has expressed confidence that GST bill will be passed and no party will try to commit suicide by opposing it.

 
In his interview to Ravish Tiwari of ‘The Economic Times’, the PM said that no other law has been debated as extensively as GST bill has.
 
He added that most states understood the benefit of the bill for the poor through buoyancy of revenue, enabling better services to them.
 
Obstruction of GST is now not a Lok Sabha issue but has become a Gram Sabha issue, he lamented.
 
The prime minister said that states like UP, Bihar and West Bengal will be the biggest beneficiaries of GST.
 
Talking about key reforms that his government has undertaken in last two years, Modi spoke about liberalisation of FDI in sectors like insurance, railways, defence and civil aviation.
 
He pointed out that many economic reforms are also governance reforms.
 
New Real Estate Regulation Act will help home owners and buyers throughout the country by ensuring that they get a fair deal from real estate developers, he added during his interview to the paper.
 
Speaking about Bankruptcy Code, the PM said that it will increase the speed and efficiency of recovery of loans and will stimulate a vibrant credit market in the country, enabling much higher level of financing for economic activities, thereby creating employment. 
 
Act for introducing Aadhaar will help the government to ensure that subsidies and benefits reach those who deserve without allowing misuse and corruption, the PM said.