New Delhi, Sep 7, 2016: GST implementation on the right track. At the same time as India is merging some state-run banks, Finance Minister Arun Jaitley on Wednesday stated there was no transfer to privatise them. He additionally stated the goal date of April 1 subsequent 12 months to implement a pan-India items and providers tax regime will likely be met.

GST implementation on the right track.

“I do not suppose that public or political opinion has converged to the purpose the place we will consider privatisation of our banking sector,” Jaitley instructed the Economist India Summit on the Taj Palace Resort right here. “Health of public sector banks first precedence for the federal government.”

The finance minister mentioned the GST was a serious reform in oblique taxation that had been ready for lengthy and that it will go a great distance in stabilising the nation’s varied levies and produce them down in the long term as GST implementation on the right track.

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