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GST India's biggest economic reform ever: Modi at BRICS meet

  •   Mon, Sep 04 2017 05:37:07 PM

Xiamen, Sep 4 (Deccan Chronicle): Addressing BRICS Business Council in China's Xiamen, Prime Minister Narendra Modi on Monday said the Goods and Services Tax (GST) is India's biggest economic reform ever.

"It is India’s biggest economic reform measure ever; in one stroke, a unified market of 1.3 billion people has been created," he said.

Modi also said that programs like Digital India, Start-Up India and Make in India are also changing economic landscape of India.

“Digital India, Start Up India and Make in India are assisting India turn into a knowledge based, skill supported and tech driven society,” he said.

"I am happy to note that BRICS Business Council is entering into an MOU with the New Development Bank," Modi said.

"India is changing fast into one of the most open economies in the world today; FDI inflows are at an all-time high, rising by 40 per cent," he added.

Modi also complimented BRICS Business Council work towards establishment of BRICS Rating Agency, energy cooperation, green finance and digital economy.

“We count on the BRICS Business Council to take us closer to our common objective of improving business and investment cooperation,” the Prime Minister said, concluding his speech.
  

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  • Anand, Mangalore

    Tue, Sep 05 2017

    bol bachchan! and all the bakhths are happy!

    DisAgree Agree [2] Reply Report Abuse

  • AR, Mangalore

    Tue, Sep 05 2017

    India GDP Growth at Over 3-Year Low of 5.7% in Q2...

    Biggest achievement after demonetization....99% of Money returned to bank...

    DisAgree Agree [2] Reply Report Abuse

  • Anil D.G., Mangalore

    Mon, Sep 04 2017

    GST is India's biggest reform ever? Ok, agreed.. Why didn't he talk about demonetisation??!!! Probably he knows that it's the worst financial exercise ever..!!

    DisAgree Agree [2] Reply Report Abuse

  • Rob Stan, Udupi / US

    Mon, Sep 04 2017

    I would suggest the following reforms after the implementation of GST, Demonetization etc.,
    1. Quality control of the products & return policy with 90 days full refund & 1 years for heavy items if the customer is not satisfied with the product. Especially to ensure quality of construction in real estate sector.
    2. Reduce price of petrol (gas) & diesel and make it fluctuate according to market trend.
    3. Help farmers to grow organic food & help them with equipment & seeds.
    4. Introduce healthcare reform & healthcare education reform all over India & make it affordable & fix certain rate for services.
    5. Extend the expressways & railways up-to the border & beyond of neighboring countries and make seamless travel which would encourage tourism & trade.

    DisAgree Agree [3] Reply Report Abuse

  • Roshan, Mangaluru

    Mon, Sep 04 2017

    Of all BJP claiming success of GST is CRIME, not fault. It is for 10years, the then CM Modi was opposing it tooth and nail, indicating it is not in the countries interest. There was no riders to his outlandish claims. It was point blank.

    Today, the same GST he opposed, is in countries interest. Today it is a biggest reform for PM Modi.

    It is for the people to evaluate who was working in countries interest and who was against. One certainly has to salute Dr. MMS for all his best efforts to work in countries path to development.

    DisAgree [2] Agree [15] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Sep 04 2017

    Stop making fun of our Chaiwala ...

    DisAgree [2] Agree [10] Reply Report Abuse

  • anthony, Mangalore

    Mon, Sep 04 2017

    After stalling Parlimant for so many sessions when the congress introduced the GST, Narender Damodar Modi is trying to take credit for the GST. How sad to see our PM indulging in such Blatant Shadow Boxing. This is probably the only way he can fake he has 56" Chest. Not a Statesman material that India rightly deserves.

    DisAgree [3] Agree [16] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Mon, Sep 04 2017

    Every one knows that CHINA is the FEKU capital of the universe..., If not in CHINA where else can be ....?????

    No need to say ..., after taking oath as PM of Hindustan..., the first foreign leader who visited Hindustan is Premier of China.

    By the way ..., we all know.., our honorable FM Jaiteyji publicly acknowledged (google it & see)that GST was the brain child of UPA & conceptualized by honorable Ex FM Shri Chidambaramji...,

    just ullu banaaving..!!!

    jh
    jai hind..,

    DisAgree [1] Agree [20] Reply Report Abuse

  • Jeevan, Mangalore

    Mon, Sep 04 2017

    After GST Modiji has became world famous.. Now all country copy him as well as ban beef in all countries.

    What ever MODI touches it becomes Gold

    JAI ho modiji

    DisAgree [35] Agree [3] Reply Report Abuse

  • Dinesh, Dubai

    Mon, Sep 04 2017

    Now BRICS country will start to chant Modi.MOdi.Modi...

    DisAgree [11] Agree [2] Reply Report Abuse

  • SMR, Karkala

    Mon, Sep 04 2017

    First of all nobody in China new about GST roll out in India. If Chinese media has some knowledge feed from his own voice during Chief Minister of Gujarat the debate may have made difference.

    After all, BJP opposed it for several years, especially then CM, Gujarat.

    A reform that holds great potential is being rushed through in a half-baked way with a self-promotional spectacle.

    "But like demonetisation, GST is being executed by an incompetent and insensitive government without planning, foresight and institutional readiness,"

    Many Indians don't even know central government’s decision to impose more than 110% tax on every litre of petrol and 88% tax on one litre of diesel.
    Where maximum slab of GST is 28%, Petroleum products and real estate are kept away from it. This are the two sectors which is the highest contributors to BJP party fund in last three years.
    It is not surprising why PM Modi applauds GST in BRICS summit who don't want to take direct questions other than 'Mann ki baat'.
    Jai Hind

    DisAgree [1] Agree [18] Reply Report Abuse

  • vasu, Mangalore

    Mon, Sep 04 2017

    Modi-Please continue your good work. You will find many dogs barking on the way.

    GST was indeed a great achievement.
    Demonetization was a great too. I am sure the next step would be to ban 2000 Rs and introduce only Rs 500 and below.

    Only you can take these bold steps.Make India Great again.We missed such a leader for over 200 years.

    DisAgree [35] Agree [5] Reply Report Abuse

  • geoffrey, hat hill

    Mon, Sep 04 2017

    The BRICS representatives must be wondering how on earth the 120 crores are putting up with Jumla of this magnitude!

    DisAgree [2] Agree [19] Reply Report Abuse

  • Sharan Borewell, Mangalore

    Mon, Sep 04 2017

    Demonitization India's biggest economic blunder ever: Now in the minds of Indian holding bricks

    DisAgree [3] Agree [25] Reply Report Abuse

  • Jeevan, Mangalore

    Mon, Sep 04 2017

    GST is superhit.. Chinese people are appreating it. And will introduce in china.

    It's a major success.. Hope china also ban beef and bring GST

    GDP is also growing stronger step by step.. by 2022 it will be 25%

    DisAgree [33] Agree [2] Reply Report Abuse

  • MILAN, LUCERNE

    Mon, Sep 04 2017

    YES DEFINITELY. 2.5%... KFC, MC DONALDS WILL RUN FROM INDIA.

    DisAgree [1] Agree [15] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Mon, Sep 04 2017

    Jeevana is following his leader....,

    25% GDP......????? must be kidding...!!!!!

    these kind of statements/views are allowed only in DOMBARATA...!!!

    jh
    jai hind..,

    DisAgree [1] Agree [19] Reply Report Abuse

  • Sincere Citizen, Mangalore

    Mon, Sep 04 2017

    Shri Narendrabhai Modiji go on achieving new milestones day by day not in national level but also in international arena.

    DisAgree [13] Agree [3] Reply Report Abuse

  • JAYA, mangalore

    Mon, Sep 04 2017

    Always saying GST...GST.... what benefit getting to common man?? Politian are looting common man pockets... all the products, service charges everything under tax regime . where these monies goes?. petrol rate everyday increasing . See western countries like UK, USA applied all taxes but at last citizen getting benefit for that. pensions, insurance etc.. here in India we are paying only until our death... please wake up youths lets think about common man and poor farmers futures..

    DisAgree Agree [27] Reply Report Abuse

  • Gangaram, Moodbidri

    Mon, Sep 04 2017

    fekena ka bi hadd hona chayiye re baba....... out siders are not all blind bakth of you.....

    DisAgree [2] Agree [24] Reply Report Abuse

  • geoffrey, hat hill

    Mon, Sep 04 2017

    No doubt 28% slab is the BIGGEST in the world and keeping petroleum products out of GST is the wiliest of Jumlas.

    DisAgree [1] Agree [32] Reply Report Abuse

  • vasu, Mangalore

    Mon, Sep 04 2017

    28% is the highest in the world. Haha

    Please do not comment against the Prime minister for the sake of it.

    DisAgree [18] Agree [1] Reply Report Abuse

  • geoffrey, hat hill

    Mon, Sep 04 2017

    Vasu, Yes GST slab of 28% is the higest in the world. If you restrict your source of information to Man ki baath, you'll never know the truth. Do come out of the well once in a while for a change.

    DisAgree Agree [19] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Mon, Sep 04 2017

    GST is India's biggest Disaster & GDP will reach 2.7 % in 2019 ...

    DisAgree [4] Agree [48] Reply Report Abuse

  • Aubb, Kuwait

    Tue, Sep 05 2017

    So is the so called "Demonetisation"".

    That is why Modi was silent about Demonetisation during BRICS!!

    DisAgree Agree [3] Reply Report Abuse

  • Dhananjay, Mangalore

    Mon, Sep 04 2017

    Before we had Kaam ka PM now its opposit Bol Bachhan PM

    DisAgree [2] Agree [43] Reply Report Abuse

  • Cyril, Mangalore

    Mon, Sep 04 2017

    Now Modi started to fake outside country..??

    DisAgree [2] Agree [49] Reply Report Abuse

  • Shiva, Kudla

    Mon, Sep 04 2017

    Ha ha ha ha ha may be modi is thinking there also many bjp fake bhakths will listen.. ha ha ha ha

    DisAgree [3] Agree [47] Reply Report Abuse

  • Harish Putran, Kudla

    Mon, Sep 04 2017

    Kitna fekta hai re baba.. kaam toh kuch karke dika sirf bhak bhak se kaam nahin chalega

    DisAgree [4] Agree [46] Reply Report Abuse


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