Manufacturing growth slowed last month with cool down in domestic consumption as optimism of future output wobbles amidst concerns over the newly implemented GST.
Tamil Nadu is the only state to have imposed an additional 30% entertainment tax in addition to the GST for film trade.
Potential DGCA interference, union woes and getting fair value. The group of ministers in charge of selling a yet-to-be-determined stake of Air India has its work cut out.
Can we use technology to solve the problems of farmers and create a possible e-governance framework to solve issues scalable from a farm level perspective to the entire nation?
Despite near-normal monsoon rainfall in India coupled with record farm production, prices for agricultural commodities sank for most of the year.
The government has imposed the highest-ever GST rate in the world, said senior Congress leader Randeep Singh Surjewala.
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Over the last two years, actual and budgeted expenditure for the programme has fallen far short of the announced average expenditure of Rs 10,000 crore every year.
While it may have boosted certain modes of digital transactions, these are still just a drop in the bucket when compared to ground realities and the larger sea of retail payments.
India has a paltry water transportation system due to practical and policy difficulties, but trade with Bangladesh may open up avenues.
If Air India could have been turned around under the same system then it would have been by now. The real question is whether prospective buyers will be able to cherry pick the national carrier’s assets.
The opposition opposes extending the 101st amendment of the constitution to J&K, which would hand over powers of tax collection to the Centre and threaten the state’s autonomy.
While the council’s logic for multiple slabs may run counter to the philosophy of a good GST, it was necessary to get the project off the ground. Its future structure should absolutely avoid the temptation of arbitrary rate fixation.
Opposition parties refused to attend saying that the tax system overhaul was “half-baked” and “rushed” to create a self-promoting spectacle.
There are a few kinks to be worked out, but if implemented well, the manufacturing sector could be a GST winner while the telecom sector is likely to be worse off.
Will the multiple rate structure go against the very idea of GST? How controversial will the proposed anti-profiteering authority be? How will unutilised money in the compensation be shared?
How will India’s sixteen-year-in-the-making tax system overhaul impact the economy, India Inc, the informal sector and the consumer? The Wire explains breaks it down.
Activists spent days creating awareness amongst the villagers, including women, telling them about cases from around the world – like Chernobyl and Fukushima – so they understood the hazards of a nuclear plant near their homes.
The government would do well to avoid hyping GST as India’s new midnight “tryst with destiny” and instead focus on its design and implementation, without which the biggest tax reform could turn into the biggest nightmare for the country’s economy.
India needs to improve connectivity infrastructure and industrial laws to raise its ranking in world trade.
Debt waivers are supposed to help farmers make agricultural investments, repay future debts and tackle any other situation. But the history of waivers in India tells a different tale.
In the seventy-fourth episode of Jan Gan Man Ki Baat, Vinod Dua talks about the sharp rise in mob lynchings across India in the past three years and the goods and services tax.
The government calls the scheme a success because of the rise in LPG connections, but the lack of gas refills by poor households suggests it is not.
The GST will come into effect on July 1.
The attack, similar to the ransomware that infected more than 300,000 computers last month, also affected computers at Russia’s biggest oil company, Ukranian banks and multinational firms.
The government is repeatedly acting on the assumption that the shocks it is applying to the economy are transitory and that the formal sector is immune to shocks experienced by the informal sector.
With this year’s joint statement reflecting new interests, here is a comparison of key issues from China and the Asia-Pacific, terrorism and Pakistan, to defense, economy and trade.
Native varieties of millet which can grow in drought-like conditions are making a comeback thanks to the indigenous Dognria Kondh community in Odisha and its growing traction among affluent consumers for their many health benefits.
The deal comes as Prime Minister Narendra Modi met with US President Donald Trump.
India’s exports are not matched with world import demand. Shifting our exports to those items on which there is global demand requires a more dynamic trade policy.
The public interest litigation seeks the divestment of 32% shares held by public sector insurance companies in the tobacco major ITC.
Crack down on beef and leather trades has jeopardised the livelihoods of hundreds of thousands of Indian Muslims and Dalits, straining India’s social fabric and economy.
In an overhaul of the entire tax system, there are bound to be several hurdles to its smooth transition and implementation.
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“Free and fair trade has been the greatest liberator of the world’s poor, and today’s announcement shows our commitment to helping developing countries grow their economies and reduce poverty through trade.”
A fortnightly column from The Wire’s public editor.
One major accusation against Chidambaram is that he manipulated the working of the FIPB to help Dayanidhi Maran in the Aircel–Maxis case. An unpublished CAG report shows how this unusual deal was structured in a convoluted manner using preference shares.
The deal is being termed “a game changer” for US-India relations as it finally operationalises India’s status as a “major defence partner” for the US.
Naidu’s statements come at a time when a spate of farmers suicides have rocked Indian polity and a number of agitations led by farmers are underway across various parts of the country.
Despite farmers citing demonetisation as one of the chief causes for their distress and protests, the government is still projecting it as an excellent move.