-The Hindu Business Line Automating the systems seems to be the biggest challenge New Delhi: With less than a week to go for the new indirect tax regime to kick in, small businesses are trying to understand the modalities of the goods and services tax (GST) as the compliance burden for them is set to significantly rise. Making a relaxation for small businesses, rules allow those with an annual turnover between Rs. 20...

-The Hindu Business Line Using just wholesale price index as deflator could distort real GDP. Price indices for all inputs and outputs would work better Prior to the introduction of the all-India Consumer Price Index, popularly known as CPI combined (rural plus urban), the Wholesale Price Index (WPI) was the most useful price index in India. It measured the weekly rhythm of price movement in the country. Since 2009, WPI has been computed...

-The Indian Express The Niti Aayog's report, submitted before the United Nations, acknowledges that anti-poverty programmes like the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) helped weaker SECtions of the society. Vindicating the UPA government’s stand on pulling people out of poverty, India’s Voluntary National Review Report on the implementation of Sustainable Development Goals to the United Nations has said that sustained growth of 8.3 per cent from 2004-05 to 2011-12,...

-The Indian Express The government had earlier formed a panel under former cabinet SECretary T S R Subramanian on National Education Policy. Sources said inputs from the Subramanian panel report will be utilised for the final draft. The government has appointed a nine-member committee under space scientist Krishnaswamy Kasturirangan’s leadership to prepare the final draft for the New Education Policy (NEP). The panel, which has been asked to begin work immediately, includes...

-PTI RBI says do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public SECtor banks as the locker hiring agreement absolves them of all liability New Delhi: Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public SECtor banks as the locker hiring agreement absolves them of all liability. This bitter truth was disclosed in an RTI response...