Saturday 25th, May 2024
canara news

GST a Cong Bill, party's negativism hurting economy: Jaitley

Published On : 02 Aug 2015


New Delhi, Aug 2 (PTI) Racing against time to get the GST bill cleared from Parliament, Finance Minister Arun Jaitley today attacked the Congress for blocking the legislation that it had itself brought in and said 'obstructionist' tendencies and negativism were hurting the country and its economy.

Acknowledging that there may be merit in Congress' demand for 18 per cent rate of GST, he said the NDA government has "not made any significant modifications" to the bill that the Congress-led UPA government had proposed in 2006-07 Budget, "except to bring a consensus between manufacturing and the consuming states".

"The state governments belonging to the Congress party have consistently supported the proposal. Is it only out of an obstructionist attitude that the Congress has adopted a negative role?" he asked.

The government needs Parliament to approve the Constitution Amendment Bill in the current monsoon session ending August 13 before half of the 30 states clear it and the new regime is rolled out from April 1, 2016, so that a nationwide Goods and Services Tax (GST) can replace all existing indirect taxes like excise and VAT.

However, Parliament proceedings have been repeatedly getting disrupted over issues like Lalit Modi controversy and the Vyapam scam for the past two weeks.

"Since Parliament is not functioning and there is no way to clarify these points before the same, I am constrained to place the above facts in public domain," Jaitley wrote in a Facebook post titled 'Dissent or Disruption ? The Congress Party?s Position on GST'.

He said the Congress and its leader "may be upset with the government for political reasons. They may be upset with the electorate for the 2014 verdict".

"The Congress party should accept and seriously introspect after having ruled the country for the longest period of time, that negativism hurts the country. Should its obstructionist tendencies inflict an economic injury on the country?" he wrote. .

 







More News

Sensex, Nifty fall 1% as crude oil prices surge
Sensex, Nifty fall 1% as crude oil prices surge
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Fuel prices continue to fall as global crude rates ease
Fuel prices continue to fall as global crude rates ease

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.