-The Telegraph New Delhi: The Narendra Modi government has started to fumble for explanations, with the original raison d'etre for the demonetisation drive coming under strain because of the high volume of cash deposits that have poured into bank accounts. Almost 80 per cent of the Rs 500 and Rs 1,000 notes that were demonetised on November 9 has come straight back into the banking system, prompting the government to change the...
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How's the economy really doing? -TCA Sharad Raghavan
-The Hindu There are multiple ways to arrive at an answer, but each metric points in a different direction. If someone asks you how the Indian economy is doing, how would you answer? Would you say that the Gross Domestic Product and Gross Value Added (GVA) are both above 7 per cent, and so the economy is growing strongly? Or would you say that the Index of Industrial Production (IIP) has contracted for two straight...
More »First-of-its-kind policy initiative on nutrition and diet launched in Delhi -Shreeshan Venkatesh
-Down to Earth The total health burden arising from poor diet exceeds the combined burden of unsafe sex, alcohol, drug and tobacco use The Global Panel on Agriculture and Food Systems for Nutrition and the Public Health Foundation of India (PHFI) jointly launched the South Asian Policy Initiative for Improved Nutrition and Growth (SAPLING), a policy initiative to improve nutrition and diet in South Asian countries, on October 6, in New...
More »50% of states expected to approve GST by early September -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: With half the state legislatures expected to ratify the Constitution amendment bill to roll out goods and services tax (GST) by early September, the Centre is now moving to the next stage — deciding on the contentious issue of fixing the rates — so that the ambitious reform initiative is in place by April. Sources said the finance ministry is set to hold consultations on the...
More »GST: Tax rate likely to be higher than 18%
-The Hindu The decision will be taken by GST Council, comprising Union and State Finance Ministers: Adhia. A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new indirect tax will be levied on most goods is likely to be higher than 18 per cent. While the...
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