Rajya Sabha passes Taxation Laws (Amendment) Bill
"In 2014, a lot of burden was passed on to the new government for containing the fiscal deficit. The burden of unpaid bills was on the current government. Up to March 2008, gross advances of commercial banks were Rs 25 lakh crore, by March 2014 -- before NDA came -- it rose to Rs 68 lakh crore. The previous government lent money to every Tom Dick and Harry," said the minister, adding their government had to remove the toxic number.
Rajya Sabha on Thursday passed the Taxation Laws (Amendment) Bill, 2019, paving the way for expediting growth and slashing corporate tax rate, Photo: Reuters