The Cabinet approved the Constitution Amendment Bill on Goods and Services Tax (GST), clearing the way for its introduction in ongoing session of Parliament to bring about long-pending indirect tax reforms.
A dozen American and European business organisations have asked India to remove trade and investment barriers, saying they are preventing overseas firms from contributing fully to the country's economic growth.
The Lok Sabha passed the Companies Act (Amendment) Bill, 2014, which seeks to make 14 amendments, including those pertaining to related party transactions and punishment for illegal money pooling activities.
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