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GST will soon turn into a reality, says FM Arun Jaitley

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New Delhi: The goods and services tax regime (GST) will soon turn into a reality and enhancements in India’s direct tax system were also the government’s priority, Finance Minister Arun Jaitley said today.

“The GST has been supported by most of the political parties. I am sure others will also see reason — it law will become a reality very soon,” the finance minister told the inaugural session of the two-day India Investment Summit here.

The main opposition to the current format of the GST bill is from the Congress party that wants the government to scrap the proposed 1 percent additional levy to compensate states for losses for the switch, incorporate the GST rate within the bill and limit the exempt items.

Jaitley said along with the indirect tax system, the direct tax regime was also being revamped.

“We want to rationalise our direct tax system — to make it one of the most competitive regimes in the world comparable with what competitive economies elsewhere have,” the finance minister said, as he prepares to unveil the national budget for the next fiscal on February 29.

Jaitley said even as concerns remain over the global financial system, India has now become and will remain the fastest growing economies in the world, since it has the potential to grow even faster, with full potential awaiting to be realised.

He said global investors can also benefit in the process since the country needed investment in infrastructure, including roads, highways, fly-overs, railways, power, renewable energy, oil and gas, ports and airports among others.

“It will be a win-win situation for both India and those who are investing in India,” he said, and assured investors that his government was working on faster dispute resolution so that no project is held up.

Jaitley also said a very effective bankruptcy and insolvency bill that was introduced in parliament in the previous session will see a passage during the ensuing session, for which a panel was burning mid-night oil to sumbit a report by the first week of March.

“One of our greatest challenges was to re-establish the credibility of Indian markets. In order to establish the credibility of the Indian economy, it is important that we not only reform but continue reform only in one direction,” he said.

“We have eased out the processes. Several conditionalities that made the investment process more difficult, even those conditionalities have also been sliced away,” he said. “For reforms, there is no finishing line.”

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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