-The Times of India MUMBAI: The Union ministry of consumer affairs on Thursday decided to ban the 'dual' MRP policy, a practice through which sellers charge a higher MRP for their products in certain spaces like malls, airports and Hotels. As per the order, which comes into force starting January 1, 2018, companies will not be allowed to charge a different price for water, soft drinks or snacks at premium locations. The decision...
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Pronab Sen, former Planning Commission member and former Chairman of the National Statistical Commission, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu It’s complex than elsewhere both in terms of number of rates and jurisdictions The form of Goods and Services Tax being implemented from July 1 is uniquely Indian, according to former Planning Commission member and former Chairman of the National Statistical Commission Pronab Sen. In an interview to The Hindu, he says the indirect tax regime will make it easier to start a new company, but increases complexity for those...
More »Telecom to banking, most services to be costlier with GST -Sidhartha & Pankaj Doval
-The Times of India NEW DELHI: For some days now, several service providers — from insurance and banking to telecom and Hotels — have been sending emailers to customers warning of a GST-driven increase in prices starting July 1. Alarmed and unconvinced, the revenue department in the finance ministry has roped in other ministries to impress upon industry to adjust input tax credit against possible increase in tax liability. The tax credit...
More »Getting back on the growth track -C Rangarajan
-The Hindu A big push on private investment is needed. But social harmony is also a prerequisite for faster growth The National Income numbers for 2016-17 have been released. What do they convey? What do they hold for the immediate future? Briefly, this is the picture. Recent revisions in the Index of Industrial Production and Wholesale Price Index do not alter the annual growth rates for the recent years. The differences are in...
More »Indigenous community in Dang fights for land rights -Gajanan Khergamker
-VillageSquare.in The people of Navagam village in Dang district of Gujarat have said they would boycott upcoming assembly polls if the government does not resolve the long pending issue of land and house titles Dang (Gujarat): The 1,300 residents of Navagam village in Gujarat’s Dang district, an ethnic people living adjacent to Saputara, the state’s only hill station, are up in arms over their demand for land and rights in an area...
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