India parliament set to pass landmark tax reform

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Finance Minister Arun Jaitley said India was on the cusp of its biggest tax reform since independence ahead of a vote in parliament later Wednesday on a new national sales tax. The Goods and Services Tax (GST) will replace a patchwork of central and state levies on goods and services and is one of Prime Minister Narendra Modi's biggest reforms since taking power in May 2014. The battle to introduce the economy-boosting GST has been one of the fiercest of Modi's premiership, with the main opposition Congress party repeatedly blocking the bill, before finally agreeing to several amendments.

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