Prime Minister Narendra Modi on Sunday exchanged views with Barack Obama on the sidelines of the G20 summit in China with the US president praising the “bold policy” move on GST reform in a “difficult” global economic scenario. Modi first met Obama briefly when they were onstage to pose for a photograph at the G20 Summit venue in the eastern Chinese city of Hangzhou. 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”. The government has set April 1, 2017 as the target for rolling out the GST, considered the biggest tax reform in a long time. Earlier on Sunday, Modi met Chinese President Xi Jinping and Australian Prime Minister Malcolm Turnbull on the sidelines of the summit.

Source: Hindustan Times September 04, 2016 11:26 UTC