-The Indian Express A cut in personal income tax or GST slabs would have spurred the economy more in the short term but the corporate tax cut is beneficial for the economy in the long term. Finance Minister Nirmala Sitharaman’s announcement to cut corporate tax rates on Friday morning was a welcome surprise for the Indian economy that has been struggling with growth deceleration. According to reports, the government has cut the...
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No GST relief for automobiles
-The Hindu Aadhaar link for registration proposed Panaji: From October 1, taking the family for a holiday is set to become a more economical affair, but the consumption of energy drinks will become more expensive, following a marathon meeting of the Goods and Services Tax (GST) Council that lasted nearly nine hours on September 20. While the tax rates were tweaked up or down for several goods and services, the Council left...
More »With auto sector in slow lane, tyre makers begin to feel pinch -Yuthika Bhargava
-The Hindu Industry is pinning hopes on steps by government on scrappage policy for vehicles and GST rate cut to spur tyre demand While the replacement cycle till now has helped the tyre industry to mitigate the impact of the severe demand slowdown in the automobile sector, the segment — which accounts for about 50% of the tyre market — has started to fill the pinch. While the sector is somewhat hopeful of...
More »Dip in tractor sales indicate further deepening of rural distress
In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...
More »For India Inc's sob story, Sitharaman has a sop story. But will it help? -Aunindyo Chakravarty
-TheWire.in Instead of giving freebies to the affluent, Sitharaman should have announced additional government spending in MNREGA and plans for filling vacancies in government jobs. After holding out for seven weeks, following her maiden budget, Nirmala Sitharaman finally blinked. For about a month now, pink papers and business-friendly pundits had been crying foul about India Inc’s shrinking sales. But, since you can’t sell a sob story about the rich, it was spun to...
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