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FM Jaitley discusses issues related to GST

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Union Finance Minister Arun Jaitley today discussed issues related to GST and other economic matters with Maharashtra Finance Minister Sudhir Mungantiwar, representatives of industries and bankers.
In a meeting held with the Union Finance Minister, the representatives of sectors such as shipping and ports, gems and jewellery, petroleum, agriculture and fertilisers and entertainment gave their representations on goods and services tax.
Mungantiwar told reporters after the meeting, besides GST, issues related to onion exports, farmer suicides and development of agriculture sector in the state were also discussed.
Mungantiwar said a request was made to Jaitley to consider reduction in the high interest rate at which loans were sanctioned to the state by the Centre in the past and he said Jaitley gave an assurance that the Centre would look into all issues concerning the state and address them. The meeting was also attended by State Bank of India Chairman Arundhati Bhattacharya and ICICI Bank head Chanda Kochhar, among others.
Last week, Jaitley had said he was hopeful of the GST rollout from July 1. He had said the new regime will create one of the world’s biggest single markets, make commodities cheaper and tax evasion difficult in the country.

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