Amit Mitra News

West Bengal Finance Minister Amit Mitra might end his ten-year stint he is not willing to contest elections anymore Amit Mitra didn`t even present the Budget in the Assembly amid serious health issues

Amit Mitra said he was not allowed to voice his objections Anurag Thakur remarked "Mitra did not have a stable video conferencing connection" Thakur added Nirmala Sitharaman has never stifled dissent in GST Council

The Trinamool Congress chief was slated to leave for China tonight.

The GST Council at a meeting on Saturday broadly agreed on the contours of two key legislations - CGST and IGST - but a final approval is likely only by mid-March.

In a setback to the 3rd edition of the Bengal Global Business Summit, Union Finance Minister Arun Jaitley did not attend the event today amid not-so-good current political relationship between the state and the Centre.

Banerjee will meet deputy prime minister of Singapore at Bangkok in November and will discuss on transformation of Singapore and West Bengal.

West Bengal Finance Minister and chairman of Empowered Committee of State Finance Ministers on GST Amit Mitra said the rate of tax which would be levied was not a part of the Constitutional amendment bill.

The Cabinet on Thursday cleared changes in the GST Constitutional Amendment Bill, dropping 1 percent manufacturing tax and providing guarantee to compensate states for any revenue loss in the first five years of rollout of the proposed indirect tax regime.

 The Union Cabinet on Wednesday approved changes in the GST Constitutional Amendment Bill providing for full compensation to states for first five years of roll out of the new indirect tax regime.

Making headway on the long- pending GST Bill, the Centre and States on Tuesday agreed on the principle that the tax rate will be lower than the current levels even as the broad consensus emerged that the rate should not be part of the statute.

There is an unanimous agreement among the states about no dual control on businesses with an annual turnover below Rs 1.5 crore and the decision has been conveyed to Union Finance Minister Arun Jaitley, the head of the empowered committee of state Finance Ministers said on Tuesday.

The budget session of the West Bengal assembly begins on Friday with the budget slated to be presented on June 24, Speaker Biman Banerjee announced here on Thursday.

There was "general consensus" on the issue of dual control over taxation structure between the Centre and states at the meeting of state finance ministers on GST, Empowered Committee Chairman Amit Mitra said on Tuesday.

He will succeed Kerala Finance Minister K M Mani who had to resign in November over corruption charges.  

A higher revenue neutral rate under the proposed GST law will lead to leakages, compliance issues, West Bengal Finance Minister Amit Mitra said Wednesday.  

West Bengal's credit-deposit (C/D) ratio, a key indicator of a state's credit offtake, has inched-up to 68 percent, but was still below the national average of more than 70 percent.

GIC Singapore, the sovereign wealth fund of the island nation, is trying to scout for more opportunities in West Bengal.

The Empowered Committee of State Finance Ministers will meet on Friday to elect its new chairman.

The West Bengal government was seriously committed to the development of the MSME sector in the state as it had the largest job creation potential, state's Finance and Industry Minister Amit Mitra said on Saturday.

A week after the war of words between him and industrialist Ratan Tata over industrialisation in West Bengal, Industries and Finance Minister Amit Mitra Thursday said the chapter is closed.