Claiming victory for reduction of GST rates on more than 200 items, Congress Vice President Rahul Gandhi on Saturday said his party will continue the fight for capping the tax at 18 percent and promised the Congress will do it if the BJP government fails.
"India does not need a Gabbar Singh Tax". Rahul Gandhi touched upon GST, demonetization and lack of funds to flagship employment programme MGNREGA.
Earlier in the day, the GST Council made a decision to reduce tax rate on a wide range of mass use items - from chewing gums to detergents - to 18 per cent from current 28 per cent.
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On the other hand net NPAs also lower at 5.43 percent against 5.97 percent on quarter-on-quarter basis. Almost half of these came from the agriculture and small and medium enterprises accounts.
The Congress, which has been demanding to constitutionally cap the Goods and Services Tax (GST) at a maximum of 18 per cent, said the Modi government was resorting to high taxation on petroleum products. "He has many things to thank BJP about", Singh said.
Former Finance Minister and Congress leader P. Chidambaram on Saturday took a dig at the government over the GST roll back in tax slabs, saying it took four months for commonsense to "germinate, flower and ripen into a fruit".
Reminding the public of Prime Minister Narendra Modi's election promise of providing two crore jobs annually, Mr. Gandhi said jobs under the Modi administration "disappeared even before they were created".
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On Friday, the GST Council slashed the tax rates on 178 goods from 28 per cent to 18 per cent. But the GST Council has further pruned 12 more items. "These are Gujarat's and the country's demands", Gandhi added. If someone was dissatisfied, we being a sensitive government were forthcoming in making changes.
Therefore, his visit to Gujarat is welcome for the BJP.
Sinha and Shourie, who had held several portfolios in the Vajpayee government between 1998-2004, had criticised the Modi government on several economic issues despite being members of the BJP. "We gave Rs 35,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Agency (MNREGA), but Modi gave Rs 35,000 crore to Tata Nano project".
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Before reaching Chiloda, Rahul visited Akshardham temple in Gandhinagar.
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