"India is the world's largest arms importer, spending some 1.8 per cent of its GDP on defence. It imports about 70 per cent of defence equipment, a proposition which the government wants to change.

The government has pledged to spend USD 250 billion by 2025 on weapons and military equipment.

8 years== $250 billion.

Pretty nice...

Arun Jaitley said companies should pass on to consumers the benefit of reduction in taxes under GST which will eliminate the current compounding effect of different central and state levies

http://www.rediff.com/business/report/will-consumers-benefit-from-lower-tax-under-gst-jaitley-thinks-so/20170428.htm

He, however, said companies should pass on to consumers the benefit of reduction in taxes under GST which will eliminate the current compounding effect of different central and state levies.

Arun Jaitley can't get banks to pass on rate cuts to common man.
& He asks companies to pass on benefits..

Long shot, it would happen...

All this, when service taxes across all the bills will be hiked from 15 to 18%...

Update 27 Aug 2017: now it's2 months, GST has been running.

Which all prices have gone down?