The Finance Minister, however, did not rule out rationalisation of tax rates under goods and services tax. "When others call for it, it is childish, when he says it so very mature", said Sinha. In a recent announcement, GST for restaurants was also reduced from 18 per cent to 5 per cent and so consumers eating out will now pay slightly less than before. "When we campaigned in 2014 we promised to create 2 crore jobs every year". "A fundamental improvement in the GST is badly needed".
Sinha said that one of the biggest flaw in the GST was that 40% of the revenue stream, including petroleum products, alcohol and some aspects of construction sector, were out of the purview of GST.
Talking about the same, Dilip Datwani, president, Hotel & Restaurant Association Western India (HRAWI), a leading association of hotels, said, "The reduction in GST is a huge relief".
Addressing the media, Sinha said that the idea behind demonetization was to end the issue of black money, but the government had failed to do so.
"But the problem is that whenever the world praises us we accept it but the moment we are criticised we disown it".
Qualcomm rejects Broadcom's unsolicited proposal The deal would dwarf Dell Inc's US$67 billion acquisition of EMC in 2015 - then the biggest in the technology industry. Broadcom can now raise its bid or launch a hostile takeover by enlisting shareholders to its cause.
The BJP veteran also claimed that the decision of demonetisation has failed to serve its objective.
Hitting out at Arun Jaitley - yet again - veteran BJP leader and former Union Minister Yashwant Sinha on Tuesday said that the country can ask for the Finance Minister's resignation over the "failures" in the implementation of the demonetisation policy and Goods and Service Tax (GST) regime.
Jaitley, he added, has made a mess of GST. "A new committee should be set up under Kelkar, which should directly interact with the political establishment, including the finance minister, and work out details on how to set things right". Pointing out that India's manufacturing growth rate is just about 4%, highly insufficient for the country's economy to do well, Sinha said, "If the economy has to grow at a healthy pace, the manufacturing growth rate should be in the double digit".
On Mr Jaitley's earlier remark that Mr Sinha is looking for a job at the age of 80, Mr Sinha, who insisted that he is not part of any "Margdarshak Mandal", said he is still fit unlike those "who give their speech while sitting", an apparent reference to Jaitley, who had sat down in between his budget speech due to health reasons.
BJP MP Shatrughan Sinha also came out in support of his party colleague Yashwant Sinha, saying he was a true statesman and had shown the government the mirror.
Kotaku reports that GameStop employees have been instructed to remove signage advertising PowerPass from stores. That means any in-store advertisements for PowerPass have been removed and put in storage until further notice.
Finally, TheStreet downgraded Teekay LNG Partners L.P. from a b- rating to a c rating in a research note on Thursday, August 3rd. The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $380.10M.
You know the guy's a true fan when he talks about the empty feeling we all have when baseball goes away for six months. Some celebrity shows are just about that celebrity and their hobby, but Murray had baseball fans in mind with this.
Whether she's successful in suing Sessions or not, Alexis is just hoping to spread awareness and be looked at like everyone else. We stand behind you, Alexis, and we hope that marijuana is readily available to all American citizens very soon.
Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. Vipshop Holdings Ltd (NYSE: VIPS ) shares traded 0.24% up during most recent session to reach at the closing price of $8.23.
Take-Two Interactive Software, Inc. a US based Company, belongs to Technology sector and Multimedia & Graphics Software industry. Moreover, Artemis Investment Ltd Liability Partnership has 0.78% invested in Take Two Interactive Software Inc (NASDAQ: TTWO ).
His remarks came during a meeting between al-Abadi and the head of the United Nations mission in Iraq, Jan Kubis. It called for talks with the government in Baghdad to resolve tensions over the region's constitutional status.
November 1 investment analysts at Jefferies Group LLC made no change to the stock rating of "Hold" projecting a price of $132.00. Consumer Edge raised Clorox Company (The) from a "neutral" rating to an "outperform" rating in a research report on Friday.
Finally, APG Asset Management N.V. increased its holdings in shares of Bank of America Corporation by 14.8% in the second quarter. With 291,300 avg volume, 8 days are for Dennys Corporation (NASDAQ:DENN)'s short sellers to cover DENN's short positions.
Did Mahira Khan's Verna get banned in Pakistan?
According to reports, Pakistan's Federal Censor Board has objected to the film's release on Friday. Images has reached out to Shoaib Mansoor regarding the ban and is awaiting a response .
(ADP) or Citrix Systems, Inc. (CTXS)?
Moreover, Fernwood Investment Mgmt Ltd Liability Company has 0.41% invested in Automatic Data Processing (NASDAQ: ADP ). The stock of Automatic Data Processing (NASDAQ: ADP ) earned "Hold" rating by Stifel Nicolaus on Monday, January 30.
3 dead, shooter killed near Tehama County school
According to local law enforcement, there were "multiple victims in multiple locations". "Our doors are locked", she said. "I know that we have (airlifted) a number of students", Assistant Sheriff Phil Johnston told NBC-affiliate KCRA .
Jon Stewart "Stunned" by Louis CK Scandal
He also revealed he hasn't spoken to the disgraced funnyman about it. "So you feel anger at what he did to people", Stewart said. Still, Stewart said he hopes that with emerging allegations against C.K. "I'm not that connected to that world".
Coyotes acquire Leighton from Bolts for Domingue, McGinn
He has appeared in 111 career games for the Chicago Blackhawks, Nashville Predators, Philadelphia Flyers and Carolina Hurricanes. Leighton has appeared in 110 National Hockey League games with four teams, going 37-43-14 with a 2.98 goals-against average.