'PM Modi is greatest brand ambassador for India in attracting economic interest'
9 years, 6 months ago

'PM Modi is greatest brand ambassador for India in attracting economic interest'

India TV News  

Washington: The Modi government has kindled huge interest in the US private sector on India but needs to take steps on economic reforms, including the key GST bill, as creating a more transparent and predictable tax structure is critical, a top Obama Administration official has said. " Modi has taken a big stand on the global stage on essentially talking about India and its economic journey," Assistant Secretary of State for South and Central Asia Nisha Desai Biswal said, noting that after he came to power there has been a huge amount of interest in the US private sector. "I think, the Prime Minister is probably the greatest brand ambassador for India in attracting that kind of economic interest," Biswal, Obama dministration's point person for South and Central Asia, told PTI. "So I think, the question that is to be asked that what further step can really create the investor confidence to unleash the flow that would fuel the growth in manufacturing, in job creation, and the economic growth that India seeks," said Biswal, the first Indian-American to be heading this top diplomatic position in State Department.

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History of this topic

Will Modi govt. respond to U.S. Securities and Exchange Commission’s query on Gautam Adani, asks Congress
1 month ago

Will Modi govt. respond to U.S. Securities and Exchange Commission’s query on Gautam Adani, asks Congress

The Hindu  

The Congress on Wednesday asked whether the Narendra Modi government would respond to the U.S. Securities and Exchanges Commission’s request in the ongoing probe against the Adani group since the Prime Minister had already declared the Adani issue to be a “personal matter”. The principal Opposition party’s comment came after the SEC told a federal judge in New York that …

Budget to offer blueprint of reforms under Modi 3.0
2 months ago

Budget to offer blueprint of reforms under Modi 3.0

Live Mint  

New Delhi: The Union Budget for 2025-26 is expected to present a blueprint of reforms planned during Narendra Modi administration’s third term to boost investments and create jobs, besides outlining measures that states must take to ease business environment. “The coming budget is likely to build on the announcements made last year and emphasise creation of hard and soft infrastructure, …

Major reforms expected by key sectors in Budget 2024, will it deliver?
8 months ago

Major reforms expected by key sectors in Budget 2024, will it deliver?

New Indian Express  

With the first Union Budget after the Lok Sabha elections all set to be unveiled, there are great expectations regarding major policy and tax reforms. These expectations include: A new subsidy scheme similar to FAME II with a more comprehensive coverage; Streamlining policies towards R&D efforts in battery technology and grid integration for development of a widespread and reliable charging …

10 years of Modi government: Tax reforms, challenges
10 months, 2 weeks ago

10 years of Modi government: Tax reforms, challenges

New Indian Express  

NEW DELHI: In the last 10 years of Modi government rule, India has undergone marked tax reforms focused on streamlining the tax framework, enhancing compliance, and fostering transparency. Key reforms common to Customs, GST, income tax, and corporate tax include digitisation for e-filing and digital payments, real-time data sharing to detect tax frauds, faceless assessment and appeals, dispute resolution schemes …

GST has been a gamechanger for India’s economy
1 year, 8 months ago

GST has been a gamechanger for India’s economy

Live Mint  

Ahead of the launch of the goods and services tax on 1 July 2017, this newspaper on 6 June 2017 had published my piece titled ‘Indian GST: Unparalleled Tax Reform’ in which I had highlighted the unique features of India's GST regime such as the Dual GST structure; Integrated GST mechanism; invoice matching; single digital interface and the establishment of …

Bandi Highlights PM Modi's Remarkable Economic Growth And Global Recognition
1 year, 9 months ago

Bandi Highlights PM Modi's Remarkable Economic Growth And Global Recognition

Deccan Chronicle  

Hyderabad: BJP state president Bandi Sanjay Kumar said that the country’s economy has been growing significantly under Prime Minister Narendra Modi. Stating that the country’s economy was now occupying the fifth position from the tenth before Modi assumed office, Sanjay said, “We are moving ahead from Amritotsav to Amrit Kal.” He was speaking at the graduation day function of the …

’GST milestone in India’s economic landscape’: PM Modi lauds 4 yrs of tax regime
3 years, 8 months ago

’GST milestone in India’s economic landscape’: PM Modi lauds 4 yrs of tax regime

Live Mint  

Prime Minister Narendra Modi has praised the Goods and Services Tax for easing tax burden on taxpayers and increasing transparency over the past four years. The nationwide GST regime was rolled in 2017 to subsume and replace 17 local levies like excise duty, service tax and VAT and 13 cesses. The GST regime follows a four-rate structure that exempts or …

Taxes need to be simplified for a self-reliant India: Nirmala Sitharaman
4 years, 8 months ago

Taxes need to be simplified for a self-reliant India: Nirmala Sitharaman

Live Mint  

Finance minister Nirmala Sitharaman on Wednesday said that taxation, especially Goods and Services Tax, needs to be further simplified to make life easier for tax payers, a critical requirement for a self-reliant nation. Sitharaman’s promise about simplifying the tax administration comes a day after Prime Minister Narendra Modi thanked tax payers along with farmers for strengthening the government’s hands in …

‘Make in India’ Revival: Let’s Start by Simplifying GST Regime
5 years, 5 months ago

‘Make in India’ Revival: Let’s Start by Simplifying GST Regime

The Quint  

The biggest blows to ‘Make in India’ came from the government itself with the announcement of demonetisation and the hastily implemented Goods and Services Tax. In her budget speech and the many extra-budgetary press conferences, the Finance Minister announced a slew of measures aimed at propelling manufacturing growth. PM Modi stated that the corporate tax cut would give a great …

Decision to cut corporate tax in India revolutionary: PM Modi at Global Business Forum
5 years, 6 months ago

Decision to cut corporate tax in India revolutionary: PM Modi at Global Business Forum

India Today  

Addressing top business leaders at the Bloomberg Global Business Forum, Prime Minister Narendra Modi on Wednesday said the government's decision to slash corporate tax is a revolutionary move. PM Modi was referring to the recent tax cut announcement by Finance Minister Nirmala Sitharaman-a move aimed at providing relief to domestic businesses amid a sharp demand slowdown. PM Modi also highlighted …

Modi deserves a second term based on his economic record
5 years, 11 months ago

Modi deserves a second term based on his economic record

Hindustan Times  

Of all the governance breakthroughs achieved by the Narendra Modi government, its record in improving welfare delivery has been discussed widely. Under the NDA government’s direct benefit transfer initiative, enabled by the Pradhan Mantri Jan Dhan Yojana, which was launched immediately after Narendra Modi entered office, Rs 3 trillion in welfare, both in cash and kind, has been disbursed to …

Rahul Gandhi vows to reform GST, seek investment as poll nears
6 years, 2 months ago

Rahul Gandhi vows to reform GST, seek investment as poll nears

Live Mint  

New Delhi: India’s main opposition Congress party will simplify the goods and services tax and take “rational economic decisions” to attract foreign investment if voted back to power in a general election due by May, its leader Rahul Gandhi said on Saturday. Gandhi, scion of India’s Nehru-Gandhi dynasty, said during a visit to Dubai that foreign investment was at a …

International Monetary Fund describes GST as 'milestone reform' in India's tax policy, pushes for simplified structure
6 years, 7 months ago

International Monetary Fund describes GST as 'milestone reform' in India's tax policy, pushes for simplified structure

Firstpost  

IMF said GST has taken important step of unifying and harmonising numerous indirect taxes across all states of the federation and the central government Washington: The IMF on Wednesday described the Goods and Services Tax as a “milestone reform” in India’s tax policy, but pushed for a simplified structure, saying the multiple rate structure and other features could give rise …

GST: One nation, one tax a work in progress
6 years, 8 months ago

GST: One nation, one tax a work in progress

Live Mint  

As the goods and services tax regime completes one year, the consensus is that India’s most important tax reform is off to a good start, barring a few niggles, which will soon be sorted out. Here are the takeaways: One nation, one tax GST integrated the country into a common market by removing barriers across states and enabling smooth flow …

Narendra Modi credits states for successful GST implementation
6 years, 9 months ago

Narendra Modi credits states for successful GST implementation

Live Mint  

New Delhi: Ahead of the landmark goods and services tax completing a year on 1 July, Prime Minister Narendra Modi on Sunday acknowledged the contribution of states for showcasing ‘cooperative federalism’ in its implementation. “If I have to give credit to anyone for successful implementation of ‘One Nation One Tax reform’, then I credit the states of our nation. GST …

Tax reforms in four years of Modi govt: GST makes tax evasion tougher
6 years, 9 months ago

Tax reforms in four years of Modi govt: GST makes tax evasion tougher

Live Mint  

New Delhi: India’s biggest tax reform since Independence of replacing a convoluted indirect tax system at Union and state levels with a simpler code and dismantling regional trade barriers to create a single $2.6 trillion market succeeded in its broad objectives, but with inevitable disruptions. The goods and services tax, which was rolled out last July, added more indirect taxpayers, …

Will completely change the GST after Congress comes to power in 2019: Rahul Gandhi
7 years, 4 months ago

Will completely change the GST after Congress comes to power in 2019: Rahul Gandhi

India TV News  

Congress vice president Rahul Gandhi said today that the Goods and Services Tax would undergo sweeping changes to provide relief to traders, consumers and other sections hit by it, after his party comes to power at the Centre in 2019. "We will completely change the GST after coming to power in 2019 to mitigate the sufferings of the people hit …

PM Narendra Modi hints at more measures for businesses on GST next week
7 years, 4 months ago

PM Narendra Modi hints at more measures for businesses on GST next week

India TV News  

Promising more measures to ease problems faced by small businesses due to GST, Prime Minister Narendra Modi on Saturday said a committee of state ministers has accepted most of the suggestions made by them and an announcement is likely in the GST Council meet next week. The next meeting of the Council headed by Union Finance Minister Arun Jaitley and …

Ease of doing business leads to ease of life: PM Narendra Modi applauds World Bank ranking
7 years, 4 months ago

Ease of doing business leads to ease of life: PM Narendra Modi applauds World Bank ranking

India Today  

Prime Minister Narendra Modi, speaking at an event in New Delhi, applauded India's moving up in the World Bank Ease of Doing Business ranking, saying the international institution has "recognised stupendous work done" by his government. "Ease of doing business also leads to ease of life," PM Modi said as he also hit back at the Opposition, sections of which …

Ease of doing business: Implementation of GST will further boost India's ranking in future, say bankers
7 years, 4 months ago

Ease of doing business: Implementation of GST will further boost India's ranking in future, say bankers

Firstpost  

The latest Ease of Doing Business report by the World Bank released today did not take into consideration the implementation of Goods and Services Tax from 1 July, 2017. “Going forward, GST’s incorporation in next year’s assessment will provide another significant leap in doing-business rankings for India,” Yes Bank managing director Rana Kapoor said in a statement. It is to …

India’s transition to GST fairly smooth despite attempts to derail it: Jaitley
7 years, 5 months ago

India’s transition to GST fairly smooth despite attempts to derail it: Jaitley

The Hindu  

India’s transition to the Goods and Services Tax regime has been “fairly smooth” despite attempts by “ill-informed” Opposition leaders to derail its implementation, Finance Minister Arun Jaitley has said. Mr. Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank, said under the GST the government has …

GST Council meet today: Narendra Modi needs to save small units, not let rivals demonise the tax reform
7 years, 5 months ago

GST Council meet today: Narendra Modi needs to save small units, not let rivals demonise the tax reform

Firstpost  

Small companies are feeling the heat of the Goods and Services Tax rollout. “The short-term liquidity crisis arising from delayed input credit refunds is due to the difficulties in mapping the inventory held on the transition date with respective invoices, various GST Network-related technical issues and admissibility of these refund claims. As India Ratings points out in its report, GST …

Indian economy on firm footing, ready to make necessary changes in GST: PM Modi at ICSI event
7 years, 5 months ago

Indian economy on firm footing, ready to make necessary changes in GST: PM Modi at ICSI event

India TV News  

Lashing out at critics of his economic policies, Prime Minister Narendra Modi today said the Indian economy was on firm footing and that he will never jeopardise the country's future for immediate gains. Modi said his critics were seeing slowdown in the last two quarters but were ignoring the fact that the BJP government had brought down inflation from 10 …

'Ready to make changes in GST to resolve traders' problems' | Top 10 quotes from PM Modi's speech at ICSI
7 years, 5 months ago

'Ready to make changes in GST to resolve traders' problems' | Top 10 quotes from PM Modi's speech at ICSI

India TV News  

Prime Minister Narendra Modi today strongly defended the economy post Goods and Services Tax implementation and last year's demonetisation drive. Refuting criticism of his government's handling of the economy, he said that during the previous UPA regime, economy was below 5.7 per cent eight times. Double digit inflation has come down to less than 3 per cent, CAD brought down …

GST will benefit small traders, accelerate goods transportation, says Narendra Modi
7 years, 8 months ago

GST will benefit small traders, accelerate goods transportation, says Narendra Modi

Firstpost  

Prime Minister Narendra Modi on Thursday said that the Goods and Services Tax will benefit small traders more New Delhi: Prime Minister Narendra Modi on Thursday said that the Goods and Services Tax will benefit small traders more and asked the party MPs to give pace to their activities in specific parliamentary constituencies. The prime minister’s remarks came during his …

FULL SPEECH: GST will help weed out black money, says PM Modi at ICAI
7 years, 8 months ago

FULL SPEECH: GST will help weed out black money, says PM Modi at ICAI

ABP News  

FULL SPEECH: GST will help weed out black money, says PM Modi at ICAIPrime Minister Narendra Modi on Saturday called chartered accountants a "big pillar" of the Indian economy and urged them to bring technological innovations to meet global standards.Addressing CAs at an event organised by the Institute of Chartered Accountants of India, Modi said "You take care of the …

GST will end 'inspector raj', boost economic growth: Shah
7 years, 8 months ago

GST will end 'inspector raj', boost economic growth: Shah

India TV News  

Hailing the Goods and Services Tax, BJP chief Amit Shah today said that the new tax regime would accelerate the country's economic growth and end the 'inspector raj'. "But this tax reform will accelerate the economic growth of the country making it a global leader.it will end several tax-related legislations," Shah said. Praising President Pranab Mukherjee and Prime Minister Modi …

GST will end 'inspector raj', boost economic growth: Amit Shah
7 years, 8 months ago

GST will end 'inspector raj', boost economic growth: Amit Shah

Deccan Chronicle  

Panaji: Hailing the Goods and Services Tax, BJP chief Amit Shah today said that the new tax regime would accelerate the country's economic growth and end the 'inspector raj'. "But this tax reform will accelerate the economic growth of the country making it a global leader.it will end several tax-related legislations," Shah said. Praising President Pranab Mukherjee and Prime Minister …

GST a disruptive change and tribute to India's democracy: President Mukherjee
7 years, 8 months ago

GST a disruptive change and tribute to India's democracy: President Mukherjee

India TV News  

Calling the GST a "disruptive change", President Pranab Mukherjee tonight said the ambitious central tax is a "tribute" to the maturity and wisdom of India's democracy, as he recalled steps taken during his own tenure as Finance Minister on this key reform measure. "It is also a moment of some satisfaction for me because, as the Finance Minister, I had …

Will GST be demonetisation 2.0? Ready or not, businesses brace for biggest-ever tax reform
7 years, 8 months ago

Will GST be demonetisation 2.0? Ready or not, businesses brace for biggest-ever tax reform

Firstpost  

GST will push up costs for small businesses, but they are not sure about income Meerut: Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust. Jain is one of millions of small …

Narendra Modi in Washington: Prime minister meets CEOs, says GST can be taught in US business schools
7 years, 9 months ago

Narendra Modi in Washington: Prime minister meets CEOs, says GST can be taught in US business schools

Firstpost  

The whole world is looking at India and its 7,000 reforms for ease of doing business, Prime Minister Narendra Modi said at the CEO’s meet in the United States on Sunday. During his interaction with a group of CEOs of top 20 American firms, Modi also said that India attracted largest foreign direct investment as a result of NDA government …

Narendra Modi reviews GST preparations for 1 July rollout, calls it 'turning point' in economy
7 years, 9 months ago

Narendra Modi reviews GST preparations for 1 July rollout, calls it 'turning point' in economy

Firstpost  

Narendra Modi reviewed the preparations for the roll-out of the Goods and Services Tax from 1 July and said it will be “a turning point” in the economy. **New Delhi:**Prime Minister Narendra Modi on Monday reviewed the preparations for the roll-out of the Goods and Services Tax regime from 1 July and said it will be “a turning point” in …

GST to be best achievement of Modi government: Assocham
7 years, 10 months ago

GST to be best achievement of Modi government: Assocham

India TV News  

Progress towards realising the pan-India single tax system, the Goods and Services Tax, will be the biggest achievement of the Narendra Modi-led government, industry organisation Assocham said on Sunday. As the NDA government completes three years in office, besides the GST that was nearing a roll-out, its other achievements on the economic front would be financial inclusion, digitisation and public …

GST offers ‘huge implementation challenge’ for Modi govt
7 years, 11 months ago

GST offers ‘huge implementation challenge’ for Modi govt

Live Mint  

Mumbai/Beijing: While India’s on track to meet its deadline for a much-delayed national sales tax, implementation is seen as a test in the nation that has more states than the EU has members and a population twice that of North America. The goods and services tax will replace more than a dozen levies that were fracturing the world’s fastest-growing big …

PM Narendra Modi revisits economic reform agenda after landslide election win
8 years ago

PM Narendra Modi revisits economic reform agenda after landslide election win

Firstpost  

Armed with a new mandate as a champion of the poor, Modi still faces a struggle to implement reforms to boost growth and jobs in Asia’s third-largest economy, say experts. Prime Minister Narendra Modi, fresh from his landslide election victory in Uttar Pradesh, now has a chance to advance his economic reform agenda. Voters in Uttar Pradesh handed Modi’s Bharatiya …

GST Will Create A Common Indian Market, Improve Tax Compliance: Economic Survey
8 years, 1 month ago

GST Will Create A Common Indian Market, Improve Tax Compliance: Economic Survey

Live Law  

As per the Economic Survey 2016-17 presented in Parliament on Tuesday, the Constitutional Amendment, paving the way for implementing the transformational Goods and Services Tax, will create a common Indian market, improve tax compliance and governance, and boost investment and growth.The Report also states that demonetisation has had short-term costs but holds the potential for. As per the Economic Survey …

GST Will Create A Common Indian Market, Improve Tax Compliance: Economic Survey
8 years, 1 month ago

GST Will Create A Common Indian Market, Improve Tax Compliance: Economic Survey

Live Law  

As per the Economic Survey 2016-17 presented in Parliament on Tuesday, the Constitutional Amendment, paving the way for implementing the transformational Goods and Services Tax, will create a common Indian market, improve tax compliance and governance, and boost investment and growth.The Report also states that demonetisation has had short-term costs but holds the potential for. As per the Economic Survey …

'Impact of GST will be known in two years'
8 years, 7 months ago

'Impact of GST will be known in two years'

The Hindu  

The journey of financial reforms has been a long one. When the VAT regime was implemented, for two years, the States incurred heavy losses, after that, every year, most States have seen a 15-20 per cent growth in revenue. Gujarat and Tamil Nadu were manufacturing States, worried about loss of revenue, Congress-ruled Haryana and Akali Dal-ruled Punjab were concerned about …

#SupportGST: Bill to propel policy dream initiatives of Narendra Modi and govt
8 years, 8 months ago

#SupportGST: Bill to propel policy dream initiatives of Narendra Modi and govt

Firstpost  

Monsoon in India is critical to the agricultural sector. GST will subsume the various indirect taxes currently levied by the Centre and the states including excise duty, service tax, VAT, CST, purchase tax, octroi, entry tax etc. It is a long pending indirect tax reform and this comprehensive tax policy is expected to be one of the most important reforms …

Morgan Stanley's Ruchir Sharma says no expectations of major reforms from govt
8 years, 8 months ago

Morgan Stanley's Ruchir Sharma says no expectations of major reforms from govt

Firstpost  

Ruchir Sharma says all major reforms should have been done in the first two years New Delhi: Morgan Stanley’s Chief Global Strategist Ruchir Sharma today said no “great” economic reforms are expected from the Modi government as the best time for major policy initiatives is the first two years of a new government. “If you look at pattern of other …

#ModiNext3Years: Final verdict hinges on these three questions
8 years, 10 months ago

#ModiNext3Years: Final verdict hinges on these three questions

Firstpost  

Ahead of the 2019 general elections, the next three years are highly important for Modi as the observers will watch if the government leverages on these positives Two years ago, on 26 May, the Narendra Modi-government took office amid chest-thumping of a landslide victory and promise of achhe din to a billion Indians, after a disappointing UPA regime. The bad …

GST will be rolled out soon: PM Modi
8 years, 11 months ago

GST will be rolled out soon: PM Modi

ABP News  

Riyadh: Assuring Saudi and Indian business leaders that his government is working to set up a predictable long-term taxation regime, Prime Minister Narendra Modi on Sunday said the long-awaited Goods and Services Tax would soon be implemented in India. "Don't worry.GST will happen, it will be a reality soon," Modi said, addressing the gathering at Saudi Arabia's Chamber of Commerce …

As Indian economy soars Narendra Modi reforms face big headwinds
8 years, 11 months ago

As Indian economy soars Narendra Modi reforms face big headwinds

Live Mint  

Hong Kong/New Delhi: When Prime Minister Narendra Modi swept into power in 2014, he did so with an ambitious mandate to reboot the economy, stamp out corruption and lure foreign investment by streamlining the country’s convoluted regulatory regime. Modi’s government has failed to use favourable domestic and external circumstances as a springboard for much-needed fundamental reforms to boost productivity and …

PM Modi likely to lead intolerance debate in the winter session of Parlaiment
9 years, 4 months ago

PM Modi likely to lead intolerance debate in the winter session of Parlaiment

India TV News  

New Delhi: With a united opposition gearing up to train its gun on the centre, Prime Minister Narendra Modi is likely to speak on the issue of intolerance during a rare debate to commemorate the Constitution day at the beginning of winter session in the Parliament. In an effort to take opposition onboard, parliamentary affairs minister Venkaiah Naidu announced at …

GST Bill is 'in interests of the nation', says PM Modi, appeals to Opposition leaders to help pass it
9 years, 4 months ago

GST Bill is 'in interests of the nation', says PM Modi, appeals to Opposition leaders to help pass it

Firstpost  

Appealing to the Opposition for cooperation on the eve of the Winter Session of Parliament, Prime Minister Narendra Modi on Wednesday made a strong pitch for early passage of the Goods and Services Tax, saying it will be in the interests of the nation. New Delhi: Appealing to the Opposition for cooperation on the eve of the Winter Session of …

Committed to provide transparent, predictable tax regime: Modi
9 years, 4 months ago

Committed to provide transparent, predictable tax regime: Modi

The Hindu  

With slew of measures putting back the economy on track, Prime Minister Narendra Modi on Saturday said reforms are “just a way station” to transforming India and vowed to provide a transparent and predictable tax regime as well as protection to Intellectual Property Rights. Action during the last 18 months has ensured that “GDP growth is up and inflation is …

India, U.S. look at expanding horizons
9 years, 6 months ago

India, U.S. look at expanding horizons

The Hindu  

The first India-U.S. Strategic and Commercial Dialogue kicked off in Washington with a high-profile event addressed by U.S. While U.S. officials were upbeat about the Modi government, its drive against foreign NGOs remains an understated sticking point, said a senior Indian business leader who did not want to be named. Power Minister Piyush Goyal, who spoke at the event, which …

Narendra Modi government needs to take steps on economic reforms, GST: Nisha Desai Biswal
9 years, 6 months ago

Narendra Modi government needs to take steps on economic reforms, GST: Nisha Desai Biswal

India TV News  

Washington: The Modi government has kindled huge interest in the US private sector on India but needs to take steps on economic reforms, including the key GST bill, as creating a more transparent and predictable tax structure is critical, a top Obama Administration official has said. " Modi has taken a big stand on the global stage on essentially talking …

Modi govt needs to take steps on economic reforms, GST: Biswal
9 years, 6 months ago

Modi govt needs to take steps on economic reforms, GST: Biswal

India TV News  

Washington: The Modi government has kindled huge interest in the US private sector on India but needs to take steps on economic reforms, including the key GST bill, as creating a more transparent and predictable tax structure is critical, a top Obama Administration official has said. " Modi has taken a big stand on the global stage on essentially talking …

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