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July 26, Wednesday 2017 8:14 PM       

       HEADLINES: Power outages across State on Wednesday evening                                              Dileep encroached govt land: Report                                              Drunk doc smashes six vehicles                                              Those who blame me today will accept me tomorrow: A K Nazeer                                              Medical Scam: BJP leaders get notice                                              Padma Vibhushan awardee Professor Yash Pal dies aged 90                                              Ram Nath Kovind sworn in as India's 14th President                                              CS Karnan to make first petition to new President Ram Nath Kovind                                              Mutual respect despite disagreements is beauty of democracy: President Kovind                                              Modi pulls up BJP MPs over Parliament attendance                                              Pak PM's principal secretary accused of corruption                                              Repeal ObamaCare or 'You're Fired': Trump jokingly warns Price                                              Pak's High Commissioner to India Abdul Basit to retire early                                              Galle Test: Dhawan, Pujara lead India's carnage on opening day                                              It's beginning of good times for Indian women's cricket: Mithali Raj                                              This year's Ashes could be Bodyline 2, says Damien Fleming                                              Kaumudi Facebook
       BUSINESS Next Article: Mehbooba brushed aside separatists to roll out GST: Jaitley  
       With GST, India heading towards a transparent tax regime: Modi
 
         Posted on :01:15:12 Jul 7, 2017
   
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       Last edited on:12:18:30 Jul 7, 2017
         Tags: With GST, India heading towards a transparent
 
Tel Aviv: Prime Minister Narendra Modi on Thursday termed the Goods and Services Tax (GST) as by far the biggest economic reform and said India is now moving towards a modern, transparent, stable and predictable tax regime.
 
Addressing an India-Israel CEO Forum, he said regulatory and policy issues facing companies have been resolved and his government is positioning India as a manufacturing hub.
 
India-Israel CEO Forum, which met for the first time today, set a target to increase the bilateral trade from the current USD 5 billion to USD 20 billion within five years.
 
"GST is by far biggest business and economic reform of India. Now, we are moving towards modern tax regime, which is transparent, stable and predictable," Modi said.
 
With MoUs worth over USD 5 billion concluded on the sidelines of his unprecedented visit, he said a new chapter has been opened in India-Israel relations. "The driving force is opportunities for betterment of lives of people." 
 
"We (Indian government) have resolved number of regulatory and policy issues facing businesses and companies.
 
We have worked very sincerely for ease of doing business," he said.
 
Modi said his government is "positioning India as a global manufacturing hub. This is necessary for us to take advantage of youth energy. For this, we have launched Make in India", he said.
 
On relations between the two nations, he said, CEOs and talents of India and Israel together are sowing seeds of miracles for betterment of the world.
 
Israel, he said, is known as start-up nation. "It has a unique sense and ecosystem of innovation and incubation.
 
Credit must go to the Israeli entrepreneurs," he said.
 
"There is lot of potential for India-Israel partnership in start-up India and I am happy that India-Israel start-up bridge has been formally launched today," he said.
 
The CEO Forum also set up six joint committees covering start-ups, pharma and life sciences, homeland security, agriculture, energy and water sectors.
 
The India-Israel start-up bridge was launched to encourage start-ups of the two nations to work together and come up with innovative solutions to tackle challenges in the agriculture, water and healthcare sectors.
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       BUSINESS
Next Article: Mehbooba brushed aside separatists to roll out GST: Jaitley
 
 
BUSINESS HEADLINES
Nifty tops 10,000 for a moment, Sensex slips from record  
Why has RBI not yet given no. of scrapped notes, asks Oppn  
Rupee softens 5 paise against dollar  
Nifty surpasses 10,000 mark, Sensex up by 102 points in opening trade  
Need examples to deter benami deals, says Jaitley  
Jaitley introduces bill to replace Banking Regulation Ordinance in Lok Sabha  
40% of India's GDP outside GST: Chidambaram  
DeMo, GST to widen tax base, make cash dealing difficult: FM  
Pak may face economic instability if reforms stop: IMF  
UN selects Dubai as data hub for MENASA region  
Nifty ends above 9,900, RIL leads  
Sensex's early rise hits a bump, IT weighs  
Australia to help Sri Lanka combat its worst dengue fever  
Niti panel yet to finalise report on autonomous bodies: Govt  
GST win-win deal for all: Jaitley  
Rupee rallies for 3rd session, hits near 6-week high  
NSSO to conduct survey on drinking water in July 2018  
Cabinet clears draft bill to replace GST ordinances for J&K  
Sensex sinks 364 pts, ITC crashes 13 per cent  
Gold glitters on global cues, jewellers' buying  
Nifty ends above 9,900 for 1st time  
Jan Dhan deposits surge to Rs 64,564 crore  
Govt asks businesses to register under GST by July 30  
Govt asks businesses to register under GST by July 30  
Gold spirals to Rs 29,050 on global cues  
 
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