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"This is a breakthrough even more impressive than the Chinese reforms in 1979," added Sorman, who has authored many books, including 'Economics doesn't lie, A Defence of the Free Market in a time of Crisis'.
To discuss the nitty-gritty of the Constitutional Amendment Bill CNBC-TV18‘s Shereen Bhan spoke to Haseeb Drabu, Finance Minister of Jammu And Kashmir, Satya Poddar, Partner, EY and Naushad Forbes President CII.
The government and Congress will be meeting on Monday to discuss GST Bill, which has been hanging fire owing to opposition in the Rajya Sabha.
The Cabinet Committee on Political Affairs (CCPA) headed by Prime Minister Narendra Modi decided to recommend to the President to prorogue the Monsoon Session, which was adjourned last month, Finance Minister Arun Jaitley said today.
The Union Cabinet today moved amendments to the GST Constitutional Amendment Bill, approved passage of a new consumer protection bill as well as setting up of the Rs 20,000 crore National Investment & Infrastructure Fund that was announced in the Budget this year.
The Rajya Sabha approved 24 amendments relating to 16 issues. It also passed the Companies Act Amendment Bill. The Lok Sabha, where the ruling NDA has brute majority, passed the GST Constitutional Amendment Bill and the Land Acquisition Bill. However, both these Bills have been sent to panels or committees in the Rajya Sabha,
It may be recalled that Finance Minister Arun Jaitley on Wednesday had met State Finance Ministers to try and iron out any differences on the Amendment Bill, which will pave the way for the next step to be put into motion
The Government will provide a reasonable compliance window under the new black money law, Jaitley said.
Tax rates, exemptions, threshold to be decided by GST council, sources said.
PK Bansal, Parliamentary Affairs Minister and Water Resources Minister urges the government to bring forth legislations which it intends to take up for discussions.
