-Livemint.com GST is one of the most complex with the second highest tax rate in the world among a sample of 115 countries which have a similar indirect tax system, says the World Bank The goods and services tax (GST) implemented by the Narendra Modi government from 1 July last year is one of the most complex with the second highest tax rate in the world among a sample of 115 countries...
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RBI governor Urjit Patel lists all the (other) reasons for PNB fraud -Malvika Joshi
-Livemint.com RBI’s regulatory powers over PSU banks are weaker than those over the private sector banks, says Urjit Patel, putting the onus of tackling bank frauds such as the one at PNB on the Finance ministry Mumbai: Reserve Bank of India (RBI) governor Urjit Patel broke his silence on Wednesday on the PNB fraud, putting up a blistering defence for the regulator and sought to put the onus on the Finance ministry...
More »Rural wage blow looms -Basant Kumar Mohanty
-The Telegraph New Delhi: The national rural job scheme is set to witness the lowest wage revision since the project was launched. The Union Finance ministry is learnt to have rejected a proposal to change the formula for revising the wage rate for 2018-19 under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for 2018-19. The rates in 10 states, including Bihar, Jharkhand, Uttar Pradesh and Uttarakhand, are expected to remain unchanged,...
More »Guillotine clash brews as govt tries to pass budget in Parliament paralysed by protests -Sanjay K Jha
-The Telegraph New Delhi: The Centre on Tuesday set in motion an attempt to get the budget passed without discussion in a paralysed Parliament through a process known as the guillotine. Once the guillotine is applied, all outstanding demands for grants from various departments will be put to vote at once whether they are discussed or not. With protests aborting all business in both Houses since the session started on March 5, the...
More »How and Why of Farmers' Long March to Mumbai -Subodh Varma
-Newsclick.in An explosive farming crisis and sustained protests over the past two years have converged in the historic march by 50,000 farmers to Mumbai. Over the past six days, India has slowly woken up to farmers’ distress – and their resistance. On 6 March, about 20,000 farmers from various parts of the state mobilized by the CPI (M) affiliated All India Kisan Sabha gathered at Nashik in north-western Maharashtra to begin a...
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