FM: GST bill may be passed this session

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Finance Minister Arun Jaitley on Sunday expressed the hope that the long-pending Constitution Amendment Bill for GST (goods and services tax) and the Insolvency Code will be passed by Parliament in the second half of the Budget session.

“The next few months are important… We hope to see the GST and the Insolvency Bills cleared by Parliament in the second half of the Budget session,” he said at the concluding session of the Advancing Asia conference of the International Monetary Fund.

Noting that the current session of the Lok Sabha has already cleared the “landmark” Aadhaar Bill, he said India can, with new laws and reforms, provide a significant amount of support to the sagging world economic growth.

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