The court also expressed unhappiness over the absence of any women in 31-member GST Council.
Arfa Khanum Sherwani talks about the ‘Mahapadav’ gathering led by workers and trade unions across India who gathered in Delhi last week to protest against the BJP government’s economic policies.
While government is of the view that the nature of the tax reform required it to be a shock, implementing it in a phased manner could have helped avoid much of the disruptions being experienced.
As North India gasps for fresh air and stubble burning in Punjab and Haryana is being blamed for the deadly smog, The Wire travels to Punjab to know why farmers are doing it despite the hazardous consequences.
Vinod Dua discusses how cash transactions have increased contrary to one of the goals of demonetisation and why the BJP and RSS are attempting to tarnish Jawaharlal Nehru’s legacy.
The trade deficit widened to $14.02 billion last month from $8.98 billion in September.
The Left alone can provide a way out of the socio-economic and political dead end India is in now since it can provide an agenda transcending neoliberal capitalism.
In its quest to reduce electricity tariffs, the state appears to be getting support from UP’s electricity watchdog whose behaviour is not in line with its duty to act as an unbiased adjudicator in disputes between discoms and generators.
The demand has been made following a finance ministry assessment on October 25 of the financial health of 14 state companies, including top miner NMDC Ltd and trading firm MMTC Ltd.
Rickshaw wallas who can afford it are moving to the more expensive and less labour-intensive electric rickshaws.
Infosys has said that the Confederation of All India Traders’ allegations are “completely inaccurate”.
The latest plan to get the controversial trade deal up and running again after the withdrawal of the United States involves freezing some of its controversial rules.
“Apart from the high taxation rate, what is creating a lot of problems is that people in the trade are unable to understand the working of the new system.”
Leader of North Rhine-Westphalia, who is leading the Christian Democrat party’s coalition talks on energy, said mines across Germany could be closed by the decade after next.
Thousands of semi-literate, mostly unskilled workers employed as tailors, packers and cutters in the textile industry – the second largest non-farm employer in India –have been hit hardest by demonetisation.
“Living standards have fallen, joblessness and job insecurity has increased, and the country’s self-reliance is threatened by your government’s policies.”
A simpler and lower rate of tax is what was needed to widen the country’s tax base substantially. This was totally missing in GST’s initial design.
Latest news updates from the world of work.
Inadequate vetting of Ola and Uber drivers is as much a function of institutional failure as it is the negligence of shared economy businesses.
While Tata Trust officials had raised concerns over the acquisition, Welspun Renewables’s robust earnings are now starting to partially offset the losses being racked up by the imported coal-based Mundra power plant.
Government’s claim that a reduction of currency in circulation is proof of greater transparency is based on the flawed belief that a lower cash to GDP ratio indicates less corruption.
While many say that GST and demonetisation have dealt a severe blow to their livelihoods, some still remain hopeful that the Modi government will take steps to address the fast deteriorating conditions.
The notion of India paying more than Rs 3,00,000 crore for a Rs 88,000 crore loan is flawed since in real terms, India’s currency will likely continue to appreciate against the Japanese yen.
The move, which is aimed at providing relief to consumers and businesses, will cost in a loss of Rs 20,000 crore in revenue.
BJP’s promises of loan waivers to address agricultural distress and the acute financial and social situation of farmers in the state has been an issue of building resentment.
The decision taken by the GST Council will have a revenue implication of Rs 20,000 crore annually.
Even as China has swooped in to save the day, critics claim that the project is financially unsustainable and will only work if the risk is shifted onto Australian taxpayers.
In the 13 of the 20 states that voted for change since 2014, all have had a declining rate of growth in per capita incomes for the five-year period prior to the election year.
Given his government’s record of inaction, however, the latest disclosures are also likely to sink without a trace.
Although the state-run power sector lender doesn’t follow RBI guidelines on loan restructuring norms yet, the CAG has in the past pointed to gaps in its due diligence process.
While Nepal is still awaiting a way to return the banned notes, Bhutan has curbed the use of the new high-denomination notes.
We must have an exhaustive investigation of every minute aspect of this whole disastrous experience. This includes a government-led comprehensive one, resulting in a white paper or report tabled in Parliament.
One year later, the stated objectives of Modi’s shuddhi yagna stand unmet, while India’s poor and most vulnerable continue to bleed. “Demonetisation is not the end but the beginning of a ‘long, deep and constant’ battle against black money and corruption and will benefit the poor and the common […]
Mahesh Vyas of the Centre for Monitoring Indian Economy (CMIE) responds to the Niti Aayog vice-chairman’s dismissal of CMIE’s research on unemployment in India.
In Tamil Nadu, fish rearing has been generating an active response mainly because government schemes and expert advice are easily available for farmers.
Vinod Dua discusses how demonetisation affected jobs and economic growth, and Indians who figure in the Paradise Papers leaks.
Swadeshi Jagran Manch convener Ashwani Mahajan and Jawaharlal Nehru University professor Himanshu join Maya Mirchandani to discuss the mixed balance-sheet.
Demonetisation has resulted in, at best, marginal improvements in India’s tax compliance and digitisation. But at what cost?
A study in December 2016 reported 40% and 32% job losses in the age groups of 40-55 and 22-30 years respectively during the first 50 days of demonetisation.
Documenting the agony of people whose hard earned money was turned valueless overnight on November 8, 2016.