Best of BS Opinion: SC verdict on GST Council, merger wave in media & more

Here is the best of Business Standard’s pieces for Friday:

A Supreme Court Bench led by Justice D Y Chandrachud in a judgment on Thursday said the recommendations of the Goods and Services Tax (GST) Council were not binding on the Central and state governments. This has raised concerns and it is being argued that the states may not implement the Council’s decisions and the advantage of “one nation one tax” could be lost. In this context, our lead editorial notes that what the court has done is to reiterate the constitutional position.

The judgment has not increased uncertainty in the GST system. Read here

In other views:

The situation in Varanasi and the actions of the local administration portend a replay of the past, writes Aakar Patel. Read here

For all its gargantuan consumer numbers, the Indian media business is pathetically under-monetised, writes Vanita Kohli-Khandekar. Read here

Quote of the Day “The Union and states have simultaneous powers to legislate on GST and the constitution does not envisage a repugnancy provision and must work in harmonious manner to achieve workable solution.”

Supreme Court of India

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link

Leave a Reply

%d bloggers like this: