Demonetisation: PM Modi has created a new normal, will clean and expand economy, says Arun Jaitley

Official Narendra Modi has made "another common" of white trades with crackdown on dim money, Finance Minister Arun Jaitley said on Monday, bearing witness to that demonetisation will incite to a jump in private theory and more open spending on welfare measures. Tending to BJP parliamentary assembling over the outcome o the decision, he assaulted Rahul Gandhi saying from one point of view the Congress pioneer says the demonetisation decision was particularly spilled to BJP overwhelming hitters and on the other he ensures "that even Finance Minister, that infers I, was similarly not careful".

Talking at long last, Jaitley cleared up all parts of the move and said, "Demonetisation has arrange association with poor with poverty and with desperation facilitating" and said once the substitution of cash accomplishes a sensible level, th imprisonments will be encouraged.

Elucidating the possible positive consequences of this move, Jaitley said the country consistently gains Rs 4-5 lakh crore and after this move and these advantages can be used for open spending for progression of commonplace domains and rouse of poor About Rs 8 lakh crore will be accumulated from wage charge this year and Rs 8.5 lakh crore from circumlocutory obligation however despit that another Rs 4-5 lakh crore is required to hold up under expenses for running the country, he said.

"..so if the genuine force paying system develops in the country… then do we need to get money… and in the cas these borrowings of about Rs 4-5 lakh crore consistently can be utilized as a part of nation domains for dejection facilitating and othe tantamount measures," Jaitley included.

Source:- Indianexpress

GST bill to be taken up in Lok Sabha today , PM Modi likely to intervene

The government has listed the bill for Monday's legislative business in the lower house.

The GST bill was passed by Rajya Sabha on Wednesday with amendments and thus needs to be again approved by the Lok Sabha.

The Bill was passed by Lok Sabha last year. It now has to go back to the Lower House to incorporate amendments approved by the Rajya Sabha.

The GST Bill has to be ratified by at least 16 states in 30 days after it is passed by the Parliament.

The ruling Bharatiya Janata Party (BJP) and the opposition Congress have issued whips asking their members to be present in the house on Monday in view of the GST bill being taken up.

Modi, who was under attack by the Opposition parties, especially the Congress for his absence during the passage of the Constitution amendment bill for GST in the Rajya Sabha on August 3, is now likely to intervene in the debate, sources said.
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The Parliamentary Affairs ministry on Saturday dubbed the passing of the Constitution's 122nd Amendment Bill relating to GST by huge consensus in the Rajya Sabha as the "hallmark of the third week of monsoon Session of Parliament".

The bill will then go to the Presidential for his assent and the states have also been asked to ratify it within 30 days of this.

The GST Bill will replace a raft of different state and local taxes with a single unified value added tax system. This will in effect turn the country into the world’s biggest single market.

Being a Constitutional amendment that involves the states, at least 50 percent of them also have to ratify it. This is where the process could take long, since states could have their own set of issues and worries, which the Empowered Committee and the government would have to address. What will, nevertheless, help is that the BJP and its allies are in power in 13 out of 29 states.

These formalities apart, the parliament will have to pass relevant bills for a Central GST and an integrated GST, while the states will have to enact their own legislations for a State GST. This is because the GST regime will involve the imposition of central and state levies at identical rates.

The government has said April 1 next year will be the target date for the roll-out of the GST regime.
Source:-indiatvnews
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Rajnath Singh anguished over ‘total anarchy’ in Uttar Pradesh

Putting the Samajwadi Party government on the dock over “poor” law and order in Uttar Pradesh, Union Home Minister Rajnath Singh on Sunday said there was “total anarchy” in the state and rape incidents have increased.

“In UP there is an atmosphere of total anarchy. Rape cases have increased by 161 per cent in the present regime. The state lagged in all the fronts and has become ‘Prashn’ (question) Pradesh from Uttar (answer) Pradesh,” he told the concluding session of BJP state executive meet in Jhansi.

“In past 13 years, SP and BSP ruled and both of them looted the state. The burning question now is how long people of the state will be trapped between these two parties. In the coming assembly elections, BJP will form majority government,” the senior BJP leader said. Singh voiced concern over “so much anarchy” in the state, where “corruption has become institutional” and “rapes are committed on highways”.

“The victims of calamities are not getting relief, youths are not getting employment. Why SP government does not fulfil its duties. People have these questions in their mind,” he said. Noting that in a federal structure Union and state governments have to work together, Singh said, “UP is creating hurdles in implementation of Centre’s developmental projects.”
Source;-telegraph
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