STOCK MARKET BSE NSE

Would have been good if GST was passed: PM tells retiring RS members

Modi bid farewell to retiring members from the Rajya Sabha and said it would have been good if the Goods and Services Tax (GST) bill had been passed during their tenure.

Published: 13th May 2016 01:30 PM  |   Last Updated: 13th May 2016 01:30 PM   |  A+A-

By IANS

NEW DELHI: Prime Minister Narendra Modi on Friday bid farewell to retiring members from the Rajya Sabha and said it would have been good if the Goods and Services Tax (GST) bill had been passed during their tenure.

"It would have been good if two things were taken up while you were here - one is GST bill," Modi said.

"Bihar and Uttar Pradesh would have benefited immensely from GST... Barring a few states, all states would have benefited," said Modi.

The second bill he said was the one to unlock Compensatory Afforestation Fund Management and Planning Authority (CAMPA) funds.

"Had we decided on CAMPA in this session, states would have got Rs.42,000 crore. That would be Rs.2,000 crore to 3,000 crore per state," the prime minister said.

He added that the fund meant for afforestation would have been useful as monsoon is approaching.

He said that now monsoon will be over before the bill could be passed in the next session.

"Those who come back I am sure will get this chance, and an important deed for benefit of your state will take place through your hands," Modi added.

The prime minister also thanked the members for their contribution.

"I thank all the members who in the last six years, fulfilled their responsibilities with two governments and benefited us with their knowledge. Both governments have benefited from it. The house plays an important role in expanding our vision," he said.

A total of 53 members are retiring from the Rajya Sabha in June and July.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp