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Forecasts about the adverse impact of demonetisation on the economy have weakened the resolve of the Narendra Modi government to push the goods and services tax (GST) related Bills in the ongoing winter session of Parliament. Finance Minister Arun Jaitley-chaired GST Council will meet on Friday, not just under the shadow of protests by the West Bengal and the Kerala governments — both of which are of the view that the time is not right for GST rollout because of the brunt that state finances have suffered after demonetisation — but also a “wait and watch ...
