Aiming to boost the struggling agriculture and rural economy, and encourage clean energy, the Council is expected to rationalise rates.
Modi made a series of claims throughout 2017, many of which turned out to be either untrue or partially true. Here is a list of ten such claims.
The inability of the economy to generate employment opportunities for millions of Indians is developing into a serious social, economic and political issue.
If drawn into a competitive tax war, India may need to make further concessions, which in turn will have negative consequences for our already troubled investment-GDP ratio.
Vinod Dua discusses the current state of the economy and makes suggestions for the upcoming Union budget 2018-19.
While the nitty-gritties of GST work are handled by the council, slippage in revenues are a result of poor design, which is why a road map for reforming the GST is needed.
What industry captains are looking forward to is how the government prioritises its expenditure and if it will follow up on its long-pending promise to rationalise corporate tax rates.
The Central government is reportedly planning to borrow an additional amount from the markets, over and above the budget estimate of Rs 5.80 lakh crore for fiscal year 2017-18.