GST an epic blunder, TMC not to attend roll-out event: Mamata

Agencies
June 28, 2017

Kolkata, Jun 28: West Bengal Chief Minister Mamata Banerjee today said her party TMC will not attend the GST roll-out programme on June 30 midnight as she flayed the "unnecessary hurry" to roll it out.

The TMC supremo termed the GST roll-out as another "epic blunder" by the Centre.mamata

"Our Parliamentary Party has decided not to attend the 30th June, 2017 midnight programme at Parliament House to celebrate GST, as a mark of protest," she said.

"We are deeply concerned about GST implementation. After #demonetisation, this unnecessary disastrous hurry is another epic blunder of the Centre", she said on Facebook.

"We have been for GST from the beginning but are very worried now with the way the Central Government is going ahead with the implementation", she said.

"Our repeated suggestions to take some more time to properly implement GST have fallen on deaf ears. The entire business community, especially the small and medium ones, are scared and confused.

"Only 60 hours are left before this ill-planned launch and no one knows for sure what's happening!", she said.

"Essential commodities such as medicines are not available in many places and prices of various commodities are rising for lack of clarity and mismanagement", she said.

Banerjee said, "We have always been fighting for maintaining the federal structure of the country, even if Bengal at times was the lone voice and conscience of the GST Council".

She said, "There are almost 20 different taxes in the present tax regime and we felt that one single tax and integration of all markets across the country will provide big relief to all".

Having a dig at the BJP, she said, "The current ruling party at the Centre had initially strongly opposed GST for over 7 years and suddenly did a somersault on coming to office as a champion of GST".

Banejee said that the economy is not yet ready to face the GST from July 1. The 3-day strike declared by the textile industries in the country was the evidence of "our deep concerns on the lack of preparedness".

"Small business entities are not yet ready with basic requirements like invoice, accounting system, IT system, etc. Another piece of evidence of unpreparedness comes from the fact that the 'Return Form' had to be simplified for the first 6 months as all systems are not in place.

"It is shocking that the e-Waybill System is not yet designed and states are being asked to run their own systems as a stopgap arrangement", she said.

"We feel, at least six months will further be necessary to notify all rules and procedures and give enough time to the stakeholders, particularly the small and medium enterprises to successfully implement the GST.

"Otherwise, a chaotic situation may arise in our vast economy for which the Government of India will be primarily responsible", she said.

The West Bengal chief minister expressed hope that the voices of the people and businesses will be heard by the Centre.

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News Network
July 15,2020

New Delhi, Jul 14: India's COVID-19 tally has reached 9,36,181 as 29,429 new coronavirus cases were reported in the last 24 hours, informed the Union Ministry of Health and Family Welfare on Wednesday.

The death toll went up to 24,309, including 582 fatalities in the last 24 hours.

Out of the total cases, 3,19,840 are currently active and 5,92,032 are cured/discharged/migrated.

As per the Ministry, Maharashtra -- the worst-affected state from the infection -- has a total of 2,67,665 COVID-19 cases and 10,695 fatalities. While Tamil Nadu has a tally of 1,47,324 cases and 2,099 deaths due to COVID-19.

Delhi has reported a total of 1,15,346 cases and 3,446 deaths due to COVID-19.

As per the information provided by the Indian Council of Medical Research (ICMR) 3,20,161 samples have been tested for COVID-19 till July 14, of these 1,24,12,664 samples were tested on Tuesday.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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Agencies
July 7,2020

Bhopal, Jul 7: Anil Mishra, personal assistant to BJP Rajya Sabha MP Jyotiraditya Scindia, has tested positive.

He has been accompanying Scindia throughout his tours post-corona infection.

His contact trail is longer than that of Scindia. He has been in touch with Chief Minister Shivraj Singh Chouhan.

Mishra was present during Scindia's meetings with the MLAs and the swearing in ceremony of the MP ministry on July 2.

BJP sources say there is concern over the possible list of people who will be put in isolation to check the spread of the virus.

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