Monday, October 21, 2019
News

Scrapped 1,500 laws in 5 years: Modi to traders

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Saturday, 2019 1:45:05 AM IST
In the middle of the ongoing general election, Prime Minister Narendra Modi on Friday said the NDA government scrapped over 1,500 laws in the last five years to ease business operations in the country.

Slamming the Congress, he said before his government came in, Congress-led governments insulted traders and that the business community had to face "laws of jungle and jungle of laws".

On the Goods and Services Tax (GST), he said the new tax regime brought in transparency and revenue of states increased by one-and-a-half times. The number of registered traders rose twice after GST was introduced, he said.

The government has been addressing traders' concerns with GST Council meeting every two months and reviewing the rates. As a result, most of the essential products are now in the zero tax slab, and around 98 per cent goods and services are below the 18 per cent slab, Modi said.

The Prime Minister said that as the country jumped 75 places to the 77th rank globally in terms of ease of doing business in the last five years, he aims to reach the 50th position in the next half decade.

--IANS rrb/prs

( 205 Words)

2019-04-19-19:46:09 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Facebook alerts people to vote on Maha, ...
Banking veteran Akhauri Rajesh Sinha app...
CocoHigh: Spreading Happiness one Tin at...
Singh Brothers: The method to strip thei...
BJP accuses Abhijit, Amartya of using No...
Equity market closed on account of assem...
More...
 
INDIA WORLD ASIA
Sunni Waqf Board built strong case on ch...
Maharashtra: Fire breaks out in godown, ...
Babita Phogat casts vote, vows to promot...
Infosys techies accuse CEO, CFO of uneth...
SC to decide whether it is settlement or...
Maha polls: 5.79% voter turnout till 10 ...
More...    
 
 Top Stories
Seema Pahwa: Didn't expect standing... 
Francisco Franco's remains to be ex... 
Resistance to common antibiotic ris... 
Centre committed to holistic welfar... 
BJP rakes up pro-Yakub letter to ta... 
Ranchi shops closed for half a day ... 
Mitt Romey reveals secret Twitter a... 
Buildings sans NOC near Goa airport...