GST

By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
In his own strident way, never giving an inch and always straining to milk dry the argument for his side, Finance Minister Arun Jaitley has summed up the frivolousness of the debate on GDP growth rates. The Minister wrote in his blog: “Data based on facts and on the best global practices is... read more
By: Usha Thorat
Category: Common citizen, Taxes, Global, RBI, India politics, Indian economy, Inclusive growth, GST
The change in stance from neutral to “calibrated tightening” also puts to rest any speculation about cut in rates and clearly sends the message that the pause in the rate move is just that — a pause. The rationale for a “flexible” inflation mandate has been fully vindicated by this decision. While... read more
By: Ajit Ranade
Category: Common citizen, Taxes, China-India, Global, RBI, India politics, Indian economy, GST
The big news this week was on two key prices. One is the price of the almighty dollar, and the other is the price of petrol (or diesel). These two are the most important price signals in the economy. And both are of imported items. India has a huge shortage of oil since domestic supplies meet... read more
By: Ajit Ranade
Category: Common citizen, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, GST
On August 31, it reported that India’s GDP growth rate for the April to June quarter was a solid 8.2 percent, well past the psychological level of 8. This was the highest growth rate recorded in the past nine quarters and makes for some good news on the economic front. Growth was much higher than... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Taxes, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The floods in Kerala and the quantum of aid it needs versus what is on offer from the Centre has brought back the debate on Centre-State issues. It is also pertinent since the Fifteenth Finance Commission (15FC) is in the middle of deciding the devolution framework and quantum.  In Kerala’s case,... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Governance, Taxes, Global, RBI, India politics, Indian economy, GST
The annual study of State budgets released this month by the RBI comes amid important developments in the fiscal architecture of the Indian federal system. The Central government has a revised FRBM framework with the fiscal deficit alone as the target variable, which will be mirrored sooner rather... read more
By: Ajit Ranade
Category: Common citizen, Governance, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, GST
The Standing Committee on Energy in its thirty-seventh report to the Lok Sabha said that there are 40,000 megawatts of power projects which are under financial stress. These are on the brink of becoming non-performing assets, and may have to go through bankruptcy. This represents more than 10... read more
By: Ajit Ranade
Category: Common citizen, Governance, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, GST
The two reports serve to highlight macroeconomic concerns as we head into an election year. Consider some of the challenges. The Consumer Price Index (CPI)-based inflation is now at 5 per cent. This is already showing an upward momentum, especially in non-food prices, which include education and... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Inequality, Taxes, China-India, Global, Jobs, India politics, Indian economy, GST
We are on the edge of a full-fledged trade war. The U.S. has raised tariffs, China is hitting back and businesses are watching worriedly as tensions rise and uncertainty grips the market. Amid this flexing of muscles comes a story from a place in the U.S. State of Missouri called Butler County,... read more
By: Arun Maira
Category: Governance, Inequality, Sustainability, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The inability to ‘pick winners’ with certainty in a dynamically changing world is the principal argument of liberal economists who oppose the very idea of governments developing industrial policies. New technologies can change the shapes of manufacturing processes and disrupt historical sources of... read more

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