Obama praises PM for tax reform

Obama praises PM for tax reform

Obama praises PM for tax reform

Prime Minister Narendra Modi on Sunday exchanged views with Barack Obama on the sidelines of the G20 summit here with the US president praising the “bold policy” move on the GST reform in a “difficult” global economic scenario.

Obama in his intervention during the G20 summit praised Modi for the recent tax reform as an example of “bold policy” in an otherwise “difficult global economic scenario”.

On August 8, Parliament cleared the landmark Constitution (122nd Amendment) Bill, 2014, on the Goods and Services Tax. The government has set April 1, 2017 as the target for rolling out the GST, considered the biggest tax reform in a long time.

Modi also met Deputy Crown Prince of Saudi Arabia Mohammad bin Salman and discussed ways to enhance bilateral ties.

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