A recent one-liner about the achievement of the present Central government goes like this: bovine has become ‘divine’ during the NDA’s rule. But why do such jokes originate? Media reports suggest that unprecedented aggression has taken place during the recent months in the name of the peaceful looking animal – cow. Mob lynching and killings by fringe groups have been reported from various parts of the country, especially targeting Muslims and...
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Muddled nutrition in Delhi ends up in PIL
-CivilSocietyOnline.com New Delhi: An estimated 50 percent of children in the National Capital Territory of Delhi are undernourished, but a State Food Commission that can address the problem has not been set up. The Food Security Act of 2013 stipulates the setting up of food commissions in the states to monitor mid-day meals served in government schools and supplementary nutrition provided in anganwadis, which are mother and child care centres. It has been...
More »Declining bank credit indicates poor economic performance
Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...
More »All you need to know about GST
-Livemint.com Here are some FAQs about the Goods and Services Tax (GST) slated for rollout on 1 July What is GST? Goods and Services Tax (GST) is a value-added tax at each stage of the supply of goods and services precisely on the amount of value addition achieved. It seeks to eliminate inefficiencies in the tax system that result in ‘tax on tax’, known as cascading of taxes. GST is a destination-based...
More »GST adding to economic growth is rubbish, says NITI Aayog member Bibek Debroy -Jatin Gandhi
-Hindustan Times With petroleum, electricity, alcohol and other products kept out of the purview of GST, the gains to GDP will not accrue in the same proportion as projected, he says. Claims that the Goods and Services Tax (GST) will boost the country’s economic growth by 1.5 percentage points are “rubbish”, NITI Aayog member and economist Bibek Debroy said, hours before its roll out on midnight Friday. Debroy’s remarks contrast with finance minister...
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