GST

By: Ranjit K Pattnaik
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, GST
The reduction in the corporate tax rate and other relief announced by the government as part of a stimulus package will mean revenue foregone to the tune of Rs.1,45,000 crore, or 0.68 per cent of GDP. This is a huge incentive by any account. It comes on top of a slew of other measures relating to... read more
By: Ajit Ranade
Category: Common citizen, Governance, Taxes, Global, RBI, Jobs, India politics, Indian economy, GST
If many car factories find themselves running idle, or with surplus inventory it could be because there was over-investment in the sector. Owing to a rosy outlook and perhaps excessive exuberance a few years ago, many independent car companies decided to invest in new capacities, to take advantage... read more
By: Himadri Bhattacharya
Category: Common citizen, Governance, Sustainability, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, GST
The full budget for 2019-20 presented on July 5 did not contain the kind of stuff that would fire up the financial markets and cause a rush of adrenaline in taxpayers and investors. In that sense, and in many others, it was not similar to budgets in the past. And what is a good thing for the sake... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The interim budget in February gave a substantial stimulus to the taxpayer. Almost three crore taxpayers moved out of the net, as the minimum threshold was raised. Further the cash transfer to farming households led to some consumption push, and not to forget electoral gains too. Against that... read more
By: Rupa Rege Nitsure
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The revenue arithmetic of the Budget is quite conservative. Factoring in the protracted slow-down phase and a shortfall in personal income tax revenue and GST receipts, the “gross tax revenue” projections have been lowered from their level in the interim budget. However, the projections of “non tax... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Health, Inequality, Sustainability, Taxes, Global, Jobs, India politics, Indian economy, Inclusive growth, GST
Prime Minister Narendra Modi has focused on the water crisis facing the nation in his first Mann Ki Baat of the post-election season. The Prime Minister said: “…let’s…start a mass movement for water conservation. We together should all resolve to save every drop of water and I believe that water is... read more
By: Ajit Ranade
Category: Common citizen, Governance, Taxes, Global, RBI, Jobs, India politics, Indian economy, GST
India’s telecom revolution has earned the world’s admiration. At one stage,it was the fastest growing, lowest cost sector in the world, providing inclusive development to all. In airlines or electricity usually the government has to make it compulsory, and impose a universal service obligation (USO... read more
By: Ajit Ranade
Category: Common citizen, Governance, Health, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The Finance Minister will present her maiden Union Budget on July 5. She has asked all citizens to send their inputs, promising that each proposal will be duly examined. She has welcomed and already thanked all the anticipated contributors to this crowdsourcing. This makes the process more... read more
By: Ranjit K Pattnaik
Category: Common citizen, Inequality, Taxes, Global, RBI, Jobs, India politics, Indian economy, GST
The headline retail inflation measured in terms Consumer Price Index —Combined (CPI-C) has trended downward since September 2018 and reached 2.0 per cent in January 2019 on a year-on-year basis. This is the floor for retail inflation legislatively mandated under the Flexible Inflation Targeting (... read more
By: Ranjit K Pattnaik
Category: Blackmoney, Common citizen, Governance, Taxes, Global, RBI, Jobs, India politics, Indian economy, GST
One of the important objectives of demonetisation was to discourage the use of cash and to check the amount of “currency in circulation” and thus reduce the flow of black money in the system. “Currency in circulation” is an important measure in that sense and has been used by the government to... read more

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