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Industry to be safeguarded from GST delay: Piyush Goyal

Industry to be safeguarded from GST delay: Piyush Goyal


To ensure that businesses do not suffer due to delay in passage of the GST  bill, the government will “find another way” to bring the benefits of the law to the industry, Power Minister Piyush Goyal said on Sunday. “Even if GST is not passed in Parliament, we will find another way to bring the benefits of law so that industry and business does not suffer,” Mr Goyal said in a tweet.

However, he did not elaborate on the alternate ways.

The Finance Ministry had earlier expressed hope that the GST regime, the constitution amendment bill for which has been stalled in the Rajya Sabha, will be rolled out in 2016. Mr Goyal, who also holds the new and renewable energy portfolio, highlighted the country’s 175 GW green energy target by 2022. “India’s renewable program is the largest in the world. 175GW by 2022. 5x growth in 7 years. Entire world is appreciating… India’s consumption of coal is 0.5 tonnes per capita in 2015, what the US had 150 years back,” he said. Regarding the government’s package for state distribution companies, he said, “Ujwal Discom Assurance Yojna #UDAY scheme to turn around DISCOMs, also saves capital for PSBs.

” Speaking at a Rotary Institute function here, Mr Goyal said coal production would be doubled in next five years. By 2019, India would be self-reliant in power supply, quoting him a spokesperson of the RI said. Hailing the Narendra Modi government’s achievements in the power sector, he said that despite problems in coal exploration during coal scam, the coal was not imported and by e-auction system the coal production was picked up and it would be doubled in next five years. He called upon Rotarians that they should take up a mission of “wash-in schools” by facilitating toilet construction in government schools. This year about 4.30 lakh toilets were built in schools in the country under the Centre’s Swachch Bharat scheme, he said.



Anand Gupta Editor - EQ Int'l Media Network


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