GST has lowered prices, checked inflation in the country: Jayant Sinha

Efforts are being out to build a consensus among states, he said

Jayant Sinha, Civil Aviation Minister
Civil Aviation Minister Jayant Sinha addressing at the Airport Investment Summit in Mumbai.
Press Trust of India Dhanbad
Last Updated : Jul 13 2017 | 9:05 PM IST
Union Minister of State for Civil Aviation Jayant Sinha on Wednesday said the Goods and Services Tax (GST) has started paying dividends as prices of some commodities have gone down across the country.

Addressing officials and traders on GST at the Central Institute of Mineral Fuel Research (CIMFR), Sinha said inflation has been checked after implementation of GST.

"There are differences over several issues between different states. Efforts are on to bring a consensus among them. If it is achieved, the prices of petrol, diesel and liquor will be brought under GST," he said.

Sinha said air connectivity in the country will be developed on a large scale and the Centre is searching 300 to 400 acres of land in Dhanbad to develop an air strip.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 13 2017 | 9:05 PM IST

Next Story