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Page14.Qxd (Page 1) TUESDAY, DECEMBER 16, 2014 (PAGE 14) DAILY EXCELSIOR, JAMMU Discussions moving in positive direction: Rather Inflation hits a zero, LS passes bill to evict people Centre, States break deadlock lowest in over 5-years NEW DELHI, Dec 15: cent, as against 0.43 per cent from unauthorised premises inflation in October. NEW DELHI, Dec 15: bill was later passed by the voice vote. Wholesale price inflation hit The sharp drop in WPI infla- on GST; bill in current session a zero level in November, the The Bill redefines public premises to include tion, which fell for the sixth Lok Sabha today passed a bill seeking to lowest in about five and half companies in which at least 51 per cent of the NEW DELHI, Dec 15: session of Parliament. The month in a row, came at the back years, on account of decline in expeditiously evict persons occupying unautho- paid-up share capital is held by the Central and Cabinet has to first ratify the of retail inflation declining to a rised public premises amid concerns that the pro- In a last minute compromise prices of food, fuel and manu- state Governments, and which carries on the busi- Bill. record low of 4.38 per cent in visions could be used by the Government to deal, the Centre tonight decided factured items. ness of metro railway. As regards the compensation November. harass Members of Parliament. to keep petroleum out of GST in The Wholesale Price Index Observing that it becomes a problem for for phasing out of Central Sales The decline in both retail Piloting the Public Premises (Eviction of return for States agreeing to (WPI) based inflation was at 1.77 and WPI inflation for administration to vacate places of worship build Tax (CST), Jaitley has already unauthorised Occupants) Amendment Bill, 2014, entry tax being subsumed in the per cent in October and 7.52 per November coupled with con- on public place, Naidu said a consensus was announced releasing Rs 11,000 Urban Development Minister Venkaiah Naidu new tax regime proposed from cent in November 2013. traction of industrial produc- needed to deal with the menace. crore to states for revenue loss As per data released by the said that he would soon call a meeting of mayors April 2016. tion to 4.2 per cent in October, Earlier participating in the debate, some mem- till 2010-11 fiscal. government today, the food to effectively deal with the problem of unautho- On the issue of compensa- will put pressure on RBI to bers expressed the fear that the "draconian" pro- Clearance of CST compen- inflation fell to nearly three year rised occupation of public property. tion to States for revenue loss lower interest rates to boost visions could be used by the Government to sation arrears has been a bone of low of 0.63 per cent. Food infla- As regards the Bill, the Minister said that he because of subsuming of all growth. harass Members of Parliament. contention between Centre and tion is on decline since May. had no hesitation in accepting that it was a indirect taxes in the GST, the The Reserve Bank has Responding to such criticism, Naidu said that states. This is probably the first maintained a status quo in Congress bill, but he was going ahead with it as once an individual ceases to be a Member of Finance Ministry will seek legal time when WPI inflation has hit CST, a tax imposed on the interest rate since January. The he has the "political will." Parliament (MP) he ought to vacate the house. opinion on how it can be accom- exact zero level. The last time levying different tax rates on inter-state movement of goods, RBI factors in retail inflation He said the bill was in public interest and would Under the new provisions, the MP would have to modated in the Constitution was reduced from 4 per cent to 3 WPI was lower than this was (- these products. while formulating its monetary help the Government in effectively dealing with the vacate that house within 60 days, including the Amendment Bill that it wants to per cent in 2007-08 and further )0.3 per cent in July 2009. States wanted the compensa- policy. problem of unauthorised occupants effectively. The period of notice. (PTI) bring in the ongoing Winter ses- to 2 per cent in 2008-09 after the Onion price contracted 56.28 Finance Minister Arun Jaitley sion of Parliament. tion to be included in the introduction of Value-Added per cent as compared to a contrac- Constitution Amendment Bill in too on several occasions had Compromise was reached Tax (VAT). The Centre had then tion of 59.77 per cent in October. nudged the RBI to cut rates. The the three rounds of talks that after an over hour-long meeting promised the states that it would In case of vegetables, the contrac- issue also figured during a debate between Finance Minister Arun were held last week. bear losses due to reduction of tion was 28.57 per cent. in the Lok Sabha last week. VOTE & SUPPORT Jaitley and Finance Ministers of Earlier in the day, Minister CST. However, prices of protein RBI Governor Raghuram seven States, including Punjab, of State of Finance Jayant Sinha As part of the roll-out of rich items of egg, meat and Rajan has emphasised that inter- Haryana, Gujarat, Tamil Nadu, had said the government expects GST, the CST is being phased fish rose during November at est rate cut by itself would not SHRI RAJESH GUPTA, Maharashtra, Karnataka, and to table the bill in the current out and has been reduced to 4.36 per cent, while inflation lift the economy. in potato stood at 34.10 per Jammu and Kashmir. session. two per cent from the earlier Industry has been demand- The GST has been hanging four per cent. The Centre col- cent. ing easing of interest rates to Concerns of other states Inflation in manufactured have already been addressed. in balance for about seven years lects CST and distributes it boost growth, which has BJP CANDIDATE among states. products, like sugar, edible oils, It was agreed today that now as states are concerned slumped to 4.7 per cent in 2013- about their revenue losses on The GST roll-out has beverages and cement, fell to 14. The economy is estimated to petroleum goods would be missed several deadlines 2.04 per cent in November as kept out of the Goods and introduction of the new tax grow in the range of 5.4-5.9 per because of lack of consensus against 2.43 per cent in the pre- cent this fiscal. (PTI) FOR JAMMU EAST Services Tax (GST) Bill for regime. vious month. Sources said that the among states over certain cru- initial few years and a decision cial issues on the proposed Prices in fuel and power seg- Finance Ministry will seek to include in the new tax new tax regime. (PTI) ment contracted by 4.91 per Courtesy:- R.N. Gandotra, President regime would be taken later, opinion of the law ministry to sources said. work out a mechanism for Vinod Malhotra, Sr. Vice President "The matter (GST) was dis- including the compensation in Aishwarya Rai honoured cussed elaborately. The discus- the Constitu-tion Amendment Sanjay Pandoh, Secretary sions are moving in a positive Bill. direction," Empowered Commi- "The Centre has agreed to at Miss World pageant (Dogra Khatri Sabha, Jammu) ttee Chairman Abdul Rahim fully compensate the states for Rather told reporters after the three years after GST roll out LONDON, Dec 15: Vrinda Rai and daughter and the structure will be Aaradhya as she received the meeting. Bollywood actress and for- Talks between the Centre included in the Bill. Thereafter honour from Miss World mer beauty queen Aishwarya organiser Julia Morley last and the states over GST frame- for the next two years there Rai Bachchan was felicitated work were deadlocked last week will be part compensation," a night. for being the most successful “I stand here overwhelmed over entry tax and VAT on petro- source said. Miss World at this year’s edi- leum products being included in As regards entry tax, the by this honour. I thank Miss tion. World Organisation for such the GST regime. source added that it would be Wearing a shimmering sil- States, which earn over 50 subsumed in the GST. an incredible honor that I have For ver Roberto Cavalli gown, received. To have the opportu- per cent of their revenue from The breaking of the stale- Aishwarya, 41, who won the taxes on petrol and other petro mate would pave way for intro- nity to hold the title, to wear Stainless Steel crown in 1994, was joined on the crown with pride... That products, wanted it to be out of duction of the GST Constitution stage by her husband actor GST so they could continue with Amendment Bill in the current was my one time to go out Railings Abhishek Bachchan, mother there and experience beauty with a purpose,” Aishwarya Aluminium Doors Direct LPG subsidy transfer to said after accepting the hon- our. Windows Abhishek later took to twit- ter to share his joy on his wife and Partition users across nation from Jan receiving the honour. NEW DELHI, Dec 15: companies, he instructed another advance cash subsidy “The Mrs gets awarded by Gypsum Ceilings launching of Hindi and regional is transferred to the bank Miss World as their most suc- Beginning new year, LPG languages versions of account.
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