Finance Minister Arun Jaitley today said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.
Jaitley, who in May last year stated that Indian democracy faced a serious challenge with an 'indirectly elected' Upper House questioning the wisdom of 'directly elected' Lok Sabha, today said he will again be speaking to the Congress on the GST bill.
Severe drought in parts of Maharashtra cast its shadow on agriculture and allied services sector, which is estimated to decline by 2.7 per cent in 2015-16, the State Economic Survey said today, even as GSDP growth is pegged at 8 per cent.
The Budget Session of Parliament today broke for a month-long recess, bringing to an end an unexpectedly productive session that saw as many as 10 and 11 bills being passed by the Lok Sabha and Rajya Sabha, respectively.
Alleging that Indian authorities treated it "unfairly" vis-a vs other Gulf carriers, Qatar Airways today said it remains interested in buying stake in IndiGo despite losing out on an opportunity to participate in the budget carrier's IPO last year.
Jewellers are on strike since March 2 demanding withdrawal of the proposed excise duty. The strike entered the 15th day today, with gold and jewellery establishments remaining closed across the country.
"One piece of jewellery consists of many parts made by different people and artisans. To keep records of each and every part of the single jewellery will be cumbersome and require additional manpower and infrastructure, which is difficult for many jewellers to manage," Sreedhar said.
Former Union Finance Minister Yashwant Sinha today pitched for reforming the budget making exercise, saying secrecy surrounding it should be done away with in the "era of transparency" and that any changes in excise and customs duties should come into effect only after Parliament passes them.