Rajya Sabha Clears GST; One-Nation, One-Tax To Be A Reality

After nearly seven-hour debate, the much-awaited Goods and Services Tax (GST) constitutional amendment bill was passed by the Rajya Sabha on Wednesday. Hailed as the biggest tax reform since independence, the one-nation-one-tax regime will convert 29 states into a single market.  Investors have billed the GST as a "silver bullet" for India's economy that would supplant multiple central and state levies - a complex structure that in...