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<strong>Oil, budget and economic sentiment -Roshan Kishore and Vineet Sachdev</strong></h1>
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<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates</em></p><p style="text-align:justify">There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates. Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates. With the roll-out of the Goods and Services Tax (GST) in 2017, the Budget has lost its importance as a determinant of prices. The GST has subsumed central and state indirect taxes on most domestically produced goods and rates are decided in the GST Council. However, the budget still has a major influence on the price of an important commodity: fossil fuels such as petrol and diesel. What the forthcoming budget does regarding prices of petrol and diesel will have important implications for the economy. Here are four charts which explain this in detail.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/oil-budget-and-economic-sentiment-101642357410507.html" title="https://www.hindustantimes.com/india-news/oil-budget-and-economic-sentiment-101642357410507.html">click here</a> to read more. </p> </font>
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<p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/oil-budget-and-economic-sentiment-101642357410507.html">click here</a> to read more.&nbsp;</p>
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<strong>Oil, budget and economic sentiment -Roshan Kishore and Vineet Sachdev</strong></h1>
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<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates</em></p><p style="text-align:justify">There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates. Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates. With the roll-out of the Goods and Services Tax (GST) in 2017, the Budget has lost its importance as a determinant of prices. The GST has subsumed central and state indirect taxes on most domestically produced goods and rates are decided in the GST Council. However, the budget still has a major influence on the price of an important commodity: fossil fuels such as petrol and diesel. What the forthcoming budget does regarding prices of petrol and diesel will have important implications for the economy. Here are four charts which explain this in detail.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/oil-budget-and-economic-sentiment-101642357410507.html" title="https://www.hindustantimes.com/india-news/oil-budget-and-economic-sentiment-101642357410507.html">click here</a> to read more. </p> </font>
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<p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/oil-budget-and-economic-sentiment-101642357410507.html">click here</a> to read more.&nbsp;</p>
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<strong>Oil, budget and economic sentiment -Roshan Kishore and Vineet Sachdev</strong></h1>
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<p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates</em></p><p style="text-align:justify">There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates. Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates. With the roll-out of the Goods and Services Tax (GST) in 2017, the Budget has lost its importance as a determinant of prices. The GST has subsumed central and state indirect taxes on most domestically produced goods and rates are decided in the GST Council. However, the budget still has a major influence on the price of an important commodity: fossil fuels such as petrol and diesel. What the forthcoming budget does regarding prices of petrol and diesel will have important implications for the economy. Here are four charts which explain this in detail.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/india-news/oil-budget-and-economic-sentiment-101642357410507.html" title="https://www.hindustantimes.com/india-news/oil-budget-and-economic-sentiment-101642357410507.html">click here</a> to read more. </p> </font>
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LATEST NEWS UPDATES | Oil, budget and economic sentiment -Roshan Kishore and Vineet Sachdev | Im4change.org
Oil, budget and economic sentiment -Roshan Kishore and Vineet Sachdev
-Hindustan Times
Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates
There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates. Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates. With the roll-out of the Goods and Services Tax (GST) in 2017, the Budget has lost its importance as a determinant of prices. The GST has subsumed central and state indirect taxes on most domestically produced goods and rates are decided in the GST Council. However, the budget still has a major influence on the price of an important commodity: fossil fuels such as petrol and diesel. What the forthcoming budget does regarding prices of petrol and diesel will have important implications for the economy. Here are four charts which explain this in detail.
