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Opposition's walkout on GST issue a 'face-saver', says FM Sitharaman

Business Standard LogoBusiness Standard5h ago

Opposition's walkout on GST issue a 'face-saver', says FM Sitharaman - Business Standard

Quick Summary:

Finance Minister Nirmala Sitharaman on Wednesday criticised the opposition parties for their walkout from the Lok Sabha after their amendment to withdraw GST levy on medical and life insurance premiums was not taken up and said they did so as a "face-saver" after she addressed all their issues in her speech.

Speaking to reporters in Parliament House Complex, Sitharaman said the GST Council, which is a constitutional body, can take up any matter related to the GST and such an amendment could not be moved in Parliament as demanded by the opposition parties.

RSP member N K Premchandran had moved the amendment during the passage of the Finance Bill, seeking removal of 18 per cent GST on medical and life insurance premiums.


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Category: BusinessFinance

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Article Type: News Report

Published On: 2024-08-07 @ 21:07:20 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21971365

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