GST’s 1 April roll-out deadline seems unachievable

New Delhi: As the differences between the Centre and States over the draft GST Bill persist, it has started becoming likely that the Goods and Service Tax may not be rolled out from April 1, as targeted earlier by the government.
The GST Council meeting on Sunday failed to see consensus between the Centre and States on several issues, and again decided to meet on December 22 and 23 to hammer out a consensus.
Monday being a holiday on account of Eid-e-Milad, some states requested for deferring the meeting to some other date in December.
After the meeting, the Finance Minister told the reporters that the government still stands by the April 1 rollout date.
The government had made the rollout of GST as one of its key reform priorities. “I told you after the last meeting also our target is the 1st of April. The luxury of time is not available to us for the simple reason that if 1st April is the first possible day it can be implemented, then the last date also is constitutionally defined as 16th of September 2017,” the FM said.
Axis Bank license faces cancellation threat?
Mumbai: Axis Bank on Monday strongly denied a report in the regional daily that authorities are likely to scrap its licence in the wake of its involvement in a multi-crore black-money scam.
It clarified to the National Stock Exchange that the repot that regulatory action will be taken against the bank are “false and malafide”.
The bank added that it has strong systems and controls as per the norms prescribed by the RBI. It also sought to assure its customers, investors, and members of public that the bank as strong code of conduct with zero tolerance for any deviation from prescribed processes. “We firmly believe that said news is intended to spread panic amongst the general public, demoralise the staff and damage the reputation of the bank,” the
lender said.
Axis bank’s Chandi Chowk branch in New Delhi has been in the news over the last few days for alleged involvement of its officials in a racket of illegally converting old notes in connivance with banking authorities.
Ex-Google executive Pulkit Trivedi joins Facebook as Industry Director
New Delhi, December 12
Leading social networking platform Facebook today announced the appointment of former Google executive Pulkit Trivedi as Industry Director for e-commerce, retail, travel and financial services segment.
“In his new role, Trivedi will lead in building and maintaining strategic relationships with clients in the country,” Facebook India said in a statement.
Trivedi joined Facebook after gaining over 18 years of extensive industry experience covering sales, business development and partnerships for Indian and multinational technology companies.
He had also worked with Intel, Microsoft, IBM and HCL. “We are thrilled to have Pulkit join the talented Facebook team to help grow our advertising business.
Pulkit is a well proven business professional who along with our teams will strengthen our ability to deliver personalised marketing at scale to clients in India,” said Umang Bedi, Facebook India Managing
Director. Trivedi is an MBA from BIT Mesra.

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