-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...
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GST nets a million more taxpayers, registrations cross the 10 lakh mark -Surojit Gupta
-The Times of India NEW DELHI: New registrations under the goods and services tax+ (GST) crossed the 10 lakh mark on Saturday, a milestone that brings cheer to policymakers who have been hoping for an increase in the tax base after the rollout of the new tax measure. "The figure of new registrations approved in GST crosses 10 lakhs today. About two lakh applications pending in process," revenue secretary Hasmukh Adhia tweeted...
More »Tiger reserves: Economic and environmental win-win -D Balasubramanian
-The Hindu The headline in a recent PTI report “Saving 2 tigers gives more value than Mangalyaan”’ was intriguing, since it said that saving two tigers yields a capital benefit of Rs. 520 crores, while Mangalyaan cost us Rs. 450 crores. The headline was both exciting and hurtful. Excited by it, I contacted Professor Madhu Verma of the Indian Institute of Forest Management (IIFM), Bhopal, and she shared with me both...
More »Christian, Muslim households top in donations for charity -Suvojit Bagchi
-The Hindu But in absolute terms, Hindus contributed maximum in 2014-15, thanks to larger population, according to National Sample Survey data Hindus donated a little over Rs. 15,600 crore as religious contribution in 2014-15 — six times the quantum donated by Muslims — but the per-household contribution of Muslims is marginally higher than that of Hindus, as they are enjoined by religion to give to charity. But the per-household religious contribution of Christians...
More »Entering the age of GST -M Govinda Rao
-The Hindu The long-term benefits of GST are clear — the challenge is to quickly address the short-term obstacles The Goods and Services Tax (GST) is in force from today. The reform, touted as a “game changer” and the “reform of the century”, was deemed worthy of a launch on the midnight of June 30 in the Central Hall of the Parliament. Indeed, one is reminded of the famous speech by Pandit...
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