Prime Minister hopes for passage of GST as Budget session resumes today

The government is also keen to pass the much awaited Goods and Services Tax (GST) in this session. Photograph:( AFP )

WION New Delhi, Delhi, India Mar 09, 2017, 05.06 AM (IST)

The second part of the Budget session resumed today after a month-long recess.

Addressing the media, Prime Minister, Narendra Modi, expressed confidence about the passage of the GST bill in this session.

"I am hoping that the process of GST will be completed in this session itself. Matters that will benefit the poor will be discussed during this session," he said.

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The government is keen to pass the much awaited Goods and Services Tax (GST) in this session. The GST will replace the existing indirect tax structure in the country by bringing in a single tax on both goods and services.

Home minister, Rajnath Singh, is expected to make a statement on the floor of the House on the killing of the suspected Islamic State terrorist in Lucknow and blast on a train in Madhya Pradesh.

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Yesterday, finance minister, Arun Jaitley, said that the Finance Bill will be passed by the end of this month.

The first part of the sesssion concluded on February 9 after the presentation of the Union Budget and the passage of the motion of thanks to the President's address to the jopint sitting of the Parliament.

The Parliament had passed the Specified Bank Notes (Cessation of Laibilities) Act, 2017 in the first part of the Budget Session. The law ends the liability of the RBI on the old Rs 500 and Rs 1,000 currency notes, which were demonetised on November 8 last year. It also makes the holding and transferring of the demonetised currency a criminal offence.

(WION with inputs from agencies)