February 06, 2026 06:05 am (IST)

Make this your homepage

All Finance

‘We never said no’: Suryakumar Yadav says India ready for Pakistan clash at T20 World Cup | Supreme Court orders Mamata govt to clear pending dues | ‘India is free to buy oil from anyone’: Russia fires back at Trump’s crude deal claim | ‘Justice crying behind closed doors’: Mamata Banerjee slams ECI in Supreme Court, CJI Kant assures solution | Mummy, Papa, sorry: Three sisters jump to death after parents object to online gaming | Supreme Court raps Meta, WhatsApp: ‘Theft of private information, won’t allow its use’ | ‘Completely surrendered’: Congress slams Modi after Trump’s trade deal move | PM Modi thanks 'dear friend' Trump for tariff reduction, hails strong US–India partnership | Trump announces US–India trade deal, lowers reciprocal tariffs to 18% | After Budget mayhem, bulls return: Sensex, Nifty stage sharp recovery

Wikimedia Commons

GST Bill will reduce barriers between states: RBI Governor

India Blooms News Service | | Dec 11, 2015, at 01:32 am

#GST Bill # Raghuram Rajan # Kolkata # Rahuram Rajan GST Bill # parliament

Kolkata, Dec 10 (IBNS): Reserve Bank of India (RBI) Governor Raghuram Rajan on Thursday backed the proposed Goods and Services Tax (GST) Bill and said that it will reduce barriers between states.

During a question-answer session following his lecture at the Presidency University in Kolkata, the RBI governor said it is high time to pass the GST Bill, which will enable to create one common market.

On being asked if GST is a good move for the country, he said, "Absolutely. GST has two big effects-one it could increase tax net partly bringing more people under it. Secondly, it will reduce barriers between states and create one common market. It is high time for that."

With just 10 more days left for the Parliament winter session, the GST bill might have to take a back seat under the prevalent conditions. If passed, the government can implement the new law from the next financial year.

(Reporting by Sujoy Dhar)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am

In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm