How Modi plans to overhaul the government of India
- 5 years ago
The Narendra Modi-led BJP government is set to take a string of steps that would not require legislative approval including a time-bound implementation plan for infrastructure projects with highway building accorded the topmost priority.
A target of building about 25 kilometre a day of new highways is likely to be set, while the full-budget for 2014-15 in the first week of July, is expected to set the roadmap for tax reforms.
The government is expected to set a target of implementing Direct Taxes Code (DTC) and Goods and Services Tax (GST) by April 1, 2015. While the DTC plans to overhaul India's archaic income tax laws, the GST seeks to stitch together a common national market by replacing India's multi-layered indirect taxes with a single tax.
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A target of building about 25 kilometre a day of new highways is likely to be set, while the full-budget for 2014-15 in the first week of July, is expected to set the roadmap for tax reforms.
The government is expected to set a target of implementing Direct Taxes Code (DTC) and Goods and Services Tax (GST) by April 1, 2015. While the DTC plans to overhaul India's archaic income tax laws, the GST seeks to stitch together a common national market by replacing India's multi-layered indirect taxes with a single tax.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive