-The Indian Express Farmers are paying about Rs 15,000 crore GST annually, on which they cannot claim input tax credit. Agriculture is a unique business that not only has high production as well as price risk, but also one where everything is bought retail and sold wholesale. This reality, moreover, extends even to Goods and Services Tax (GST): Farmers are the only businessmen today who cannot claim input tax credit (ITC) on...
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Now, sanitary pads for Rs 1 at Jan Aushadhis -Sushmi Dey
-The Times of India NEW DELHI: With an aim to ensure women’s hygiene, the government has slashed price of sanitary napkins sold at Jan Aushadhi stores to just Re 1 per piece from Rs 2.50. The biodegradable napkins - available in a pack of four - will be sold at a subsidized price under the brand 'Suvidha' at 5,500 such stores across the country. The move assumes significance as many women, especially...
More »There is a fundamental problem of demand today. At the core of it is incomes that aren't rising enough -Harish Damodaran
-The Indian Express The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. India traditionally never had a demand problem. On the contrary, its economy was always supply-constrained. Proof of no demand paucity is that between 2000-01 and 2015-16, domestic consumption of both finished steel and cement roughly trebled, from...
More »Supply squeeze, monsoon fears lift tur prices -Vishwanath Kulkarni
-The Hindu Business Line Prices of pulses — mainly Tur and Tur dal — are on the rise due to factors such as a supply squeeze, monsoon concerns and increase in consumption. Bengaluru: Tur prices in the major markets of Maharashtra and Karnataka have moved up by about ?1,000 a quintal over the past month to exceed the minimum support price (MSP) level of Rs.5,675. They are currently ruling at Rs.5,700-5,900 a...
More »Slackening of demand indicators weakens India's growth impetus -Aanchal Magazine
-The Indian Express Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. New Delhi: The consumption-driven story of India’s economic growth is expected to face a slowdown as wide concerns emerge about the weakening rural demand. At a time when public expenditure is likely to be curtailed by the obligation...
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