The Rajya Sabha today took up the four bills related to the GST, with the Opposition questioning the government's preparedness to implement the indirect tax regime and urging for a mechanism to insulate taxpayers from harassment by tax authorities.
The Congress today dubbed the GDP numbers as "surprising" and "highly suspect" that could dent India's global credibility and accused the prime minister and the finance minister of "misleading" the public.
Recalling presentation of Budget was postponed in 2012 when Uttar Pradesh, Uttarakhand, Goa, Manipur and Punjab were to go to polls last, Sharma insisted on repeating the past precedent.
Power Minister Piyush Goyal, who spoke on behalf of the ruling side after Congress leader Anand Sharma slammed the government, rejected as baseless the opposition charge that there was "leakage" of the decision and said everyone was taken by surprise which is why there are "initial" problems.
Initiating a debate after listed business was suspended to take up a discussion on the November 8 decision to withdraw old higher denomination currency, Anand Sharma (Cong) used wit and humour to attack Modi for being insensitive to problems caused to the common man.
The demonetisation move has brought financial chaos and anarchy in the country, the Congress alleged today and asked Prime Minister Narendra Modi as to who gave him the right to limit the withdrawal of taxpayers hard-earned money.
"How can the government tell a tax payer, a person who has earned one's living and saved some money in the bank that they cannot withdraw it and the government has the right to impose a limit of Rs 2000? That is questionable, that is not fair and is unjust," he told reporters.
In his interview to Network 18, Narendra Modi had said that he did not reveal the full economic rot before his first Budget as he thought that it would depress business and investor sentiment further
Union HRD Minister Prakash Javadekar today rubbished Congress allegations that Centre was indulging in politics of vendetta against its leaders by filing cases and instead claimed that it was during the opposition party's rule that attempts were made to frame Narendra Modi and Amit Shah.
"Govt should publish the contemplated White Paper. Before they withdraw the Economic Survey of 2014-15." "Also withdraw RBI Annual Report and CSO Report for 2014-15. They will be non-White Papers!", the senior Congress leader and Rajya Sabha MP said in a series of tweets.
In an interview which he gave exclusively to CNN-News18 Anand Sharma, former Union Cabinet Minister in charge of Commerce and Industry and Textiles, said that the Prime Minister Narendra Modi has no understanding of economics. Sharma asked whether the PM was questioning the Economic Survey.
The details were provided by Finance Minister Arun Jaitley in Rajya Sabha during Question Hour, where he also said that a Joint Committee of Parliament is presently looking into a Bill relating to debt recovery which aims at empowering banks to take more effective steps in dealing with default situations.
The government had yesterday reached out to the opposition party with Information and Broadcasting Minister M Venkaiah Naidu calling up Azad, the Leader of Opposition in the Rajya Sabha, and Sharma to seek Congress' backing.
The Congress, which originally mooted a Goods and Services Tax (GST) in 2009 to replace all indirect taxes, has been demanding that the overall rate be capped at 18 percent and scrapping of an additional 1 percent tax designed to compensate manufacturing states that fear losing out revenue.
"The Congress government had allowed FDI in defence with a pre-condition that it would be for state-of-the-art-technology but the present government has eased the conditions. The Prime Minister is working under pressure from the United States.
Congress leader Anand Sharma today attacked Prime Minister Narendra Modi over claims about improvement in economy in his speech at an event marking the second anniversary of the NDA government at the Centre, alleging he has betrayed the people of the country.
Citing opening up of insurance, banking, telecom, multi brand retail sector and FDI in civil aviation sectors by the previous government in the centre, he demanded the government to end the confusion over foreign investments in the country.
Senior Congress leader Anand Sharma was today elected unopposed to the Rajya Sabha from Himachal Pradesh.
Modi, speaking in the Lok Sabha, used wit and barbs as he responded to the attack by Congress over various initiatives of his government, including 'Make in India' and MNREGA.
Senior Congress leader and former commerce minister Anand Sharma says this is not an inspirational Budget. He does not think Budget 2016 will lift growth or even encourage investment. He also says the Budget has not given a fillip to savings
After entering the House, Jaitley walked towards the seat of former Prime Minister Manmohan Singh, a well-known economist.
The proposed goods and services tax (GST) should be set at a rate of less than 20 percent, the opposition Congress party said on Thursday, signalling willingness to compromise as long as the government takes into account its concerns.
The government had on November 11 relaxed foreign direct investment norms in the defence sector by allowing FDI up to 49 percent under automatic route and beyond that through the FIPB's approval.
Cong criticises Modi for price rise of essential commodities