-The Indian Express The ongoing price recovery in major crops is in danger of being stymied by knee-jerk government response. A lot of analyst commentary on the latest quarterly GDP numbers for India has focused on the low growth in “nominal” terms: Gross value added (GVA) at current prices grew by just 6.3% year-on-year in July-September and 7.1% for April-September. If this first-half trend holds for the rest of 2019-20, it would...
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Opposition states on GST: Rs 50,000 cr cess lies unutilised, pay us immediately -Aanchal Magazine
-The Indian Express The meeting with Sitharaman comes days after the GST Council informed states that the GST and compensation cess collections in the last few months had become a “matter of concern”. Seven Opposition-ruled states and Union Territories — Punjab, Delhi, Puducherry, Kerala, Madhya Pradesh, Rajasthan and Chhattisgarh — made a forceful representation to Union Finance Minister Nirmala Sitharaman Wednesday demanding pending compensation under the Goods and Services Tax (GST) regime,...
More »GST revenues not enough for States' compensation: Centre
-The Hindu Letter to States flags falling collections The Centre has written to all the States voicing concern that due to the lower Goods and Services Tax (GST) collections, the compensation cess might not be enough to pay for losses arising out of the tax system. The communication comes at a time when several States, including Rajasthan, Kerala, Delhi, Punjab and West Bengal, have publicly urged the Centre to transfer pending compensation payments...
More »Economic growth slowest in 26 quarters -R Suryamurthy
-The Telegraph An over six-year low of 4.5 per cent The Narendra Modi government’s bluster on the state of the Indian economy was bottled on Friday after the National Statistical Office (NSO) came out with data that showed growth in the second quarter had sunk to an over six-year low of 4.5 per cent — the slowest expansion in 26 quarters. The sharp slowdown was triggered by a contraction in the manufacturing sector...
More »'It is cheaper to ride motorbikes than take buses in Indian cities' -Jitendra
-Down to Earth Poor hit the most hit by an inaccessible public transport system, says India Exclusion Report 2018-19 Half of the poor in Indian cities walk or cycle down to work because of problems in the public transport system, suggests the India Exclusion Report 2018-19. The existing public transport system is expensive and has limited routes, says the annual report released by Delhi non-profit Centre for Equity Studies. As a result,...
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