GST delayed because of 'stubborn' govt.: Chidambaram

Image
ANI New Delhi
Last Updated : Feb 29 2016 | 6:02 PM IST

Former finance minister P. Chidambaram on Monday said the Goods and Services Tax (GST) Bill has been delayed because the BJP-led NDA regime is unwilling to step away from its stubborn position.

Commenting on the lukewarm reference on the GST by the government, Chidambaram said there has been no promise to accommodate legitimate criticism of the Opposition.

The senior Congress leader, who was talking to the media after the presentation of General Budget for the next fiscal, lauded the government for achieving the fiscal deficit target this year.

Chidambaram said he is happy with the present government continuing with the schemes introduced by the former UPA regime.

Stating the government is unaware of problems of the core sectors- power, steel mining, cement, oil and gas, Chidambaram said many projects are stranded and there is little new investment.

"There is no mention of exports, I think after 14 consecutive months of negative growth," he added.

*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: Feb 29 2016 | 5:43 PM IST

Next Story