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The Modi Government would give top priority to passing the Goods and Services Tax (GST) and Bankruptcy Code Bills in the forthcoming session of Parliament, Minister of State for Finance, Jayant Sinha, said.
He was addressing the media on the sidelines of a conference on capital markets organised by FICCI.
On the disinvestment programme, Sinha said there is significant volatility in commodity prices and the market is on a downswing. Therefore, the Centre would act prudently while taking disinvestment decisions in companies dealing with commodities, such as oil. A host of public sector companies are in the queue for disinvestment but their valuations will have to be kept in mind, he added.
On the status of tax collection, Sinha said direct tax collections for the fiscal are below the target but indirect taxes have exceeded the target. Therefore, in terms of revenue, the government is in a fairly comfortable situation, he said.
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