The Sensex
rose 248.62 points or 0.89% to settle at 28,051.86, in the week ended
29 July 2016. The Nifty 50 index gained 97.30 points or 1.14% to
settle at 8,638.50. The BSE Mid-Cap index gained 3.13%. The BSE
Small-Cap index rose 1.67%. Both these indices outperformed the
Sensex.According to reports, the government on Friday, 29 July 2016,
listed the much- awaited GST bill for consideration and passage in
RajyaSabha's agenda for the next week.
Minister of
state for parliamentary affairs Mukhtar Abbas Naqvi, while making a
statement regarding government business for the week starting 1
August in the Upper House, reportedly said that the GST
constitutional amendment bill will be taken up for consideration and
passage in the RajyaSabha.. For the GST bill to become a law, the
bill also needs to be approved by half the state assemblies after its
passage in the parliament. GST, touted as the single biggest indirect
taxation reforms since independence, will simplify and harmonise the
indirect tax regime in the country. The month-long monsoon session of
the parliament will conclude on 12 August 2016
Tata Global Beverages Q1: Net Profit up 51.8% at Rs119.5 Cr.
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