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26 Jul 2016, 23:16 HRS IST
Rajya Sabha adjourned for the day after ruckus created by Congress over private member bill on Andhra Pradesh special packageIrom Chanu Sharmila to end her 16-year-old fast on August 9, to contest Manipur Assembly pollsSensex slips 118.82 points to settle at 27,976.52; Nifty down 45 points at 8,590.65RS adjourned for 30 mins after Cong uproar seeking voting on a private bill for special package for Andhra PradeshOne hostage killed at church in northern France: police sourceTwo assailants 'neutralised' after hostage-taking in French church: ministryCourt holds the accused guilty of cheating and criminal conspiracy, takes three officials of firm into custodySpecial court convicts private firm and its three officials in a coal block scam caseAt least 10 killed in attack on Japan centre for disabled: policeCurfew, restrictions lifted from all parts of Srinagar city, says District MagistrateFour militants killed; one apprehended in an operation near LoC in Naugam sector of Kashmir, says Army
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The govt is keen to get the GST Bill approved during the current monsoon session of Parliament. PTI Photo
The govt is keen to get the GST Bill approved during the current monsoon session of Parliament. PTI Photo
  • Centre, states make headway on key GST issues
  • 22:35 HRS IST
  • New Delhi: Making headway on the long- pending GST Bill, the Centre and States today agreed on the principle that the tax rate will be lower than the current levels even as the broad consensus emerged that the rate should not be part of the statute. A meeting of the Empowered Committee of State Finance Ministers convened by Finance Minister Arun Jaitley also agreed to include in the Constitutional Amendment Bill the mechanism of compensating states for any loss of revenue in first five years of Goods and Service Tax (GST) subsuming all indirect tax levies including VAT.
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