Monday, 24 April 2017

PM Modi asks states to speed up clearance of GST Bills

Prime Minister Narendra Modi on Sunday asked states to work with the Centre as “Team India” to introduce the goods and services tax (GST) in time. He also sought their views on changing the financial year to January-December (from April to March), as well as simultaneous general and Assembly polls.

Chairing the NITI Aayog’s Governing Council meeting, which also comprises chief ministers, he sought their views on the three-year agenda prepared by the body. This lays emphasis on reforms in governance and taxes, with higher spending on health and education. Its 15-year vision document envisages tripling the country’s real (adjusted for inflation) gross domestic product (GDP) and per capita income by 2031-32. If GDP grows at this rate, every one should ideally have access to at least a two-wheeler and an air conditioner in 15 years, the document says.

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