-The Indian Express The RBI which studied the results of 2,726 non-government and non-financial companies said the overall EBIDTA of these corporate showed a 0.2 per cent increase. However, net profit declined by 6.9 per cent even as sales improved by 7.2 per cent. Mumbai: Small companies are finding the going tough with sales and profits taking a big beating in the wake of demonetisation and implementation of Goods and Services Tax (GST)....
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Cattle and cash curbs stoke farm revolt -Arnab Ganguly
-The Telegraph Sikar (Rajasthan): A 13-day agitation by Rajasthan's farmers, joined by about 100 disc jockeys with sound systems blaring, has forced the Vasundhara Raje government to agree to loan waivers up to Rs 50,000 and payment of the full minimum support price. Some 15,000 farmers had gathered at a mandi in Sikar town, 115km from Jaipur, on September 1 and by the time the government buckled on September 13 night, their...
More »No tax refund, no working capital: How GST is hurting Indian exporters -Mayank Jain
-Scroll.in Exporters claim that delays in refunds under the new tax code has tied up a substantial amount of their money, thus harming their businesses. Delays in processing tax refunds under the new Goods and Services Tax regime has locked up the funds of exporters, hurting their businesses and affecting their ability to be competitive in international markets. On September 19, a delegation of exporters met Revenue Secretary Hasmukh Adhia, who is...
More »Forget fast growth, India is barely holding on. Just look at the data -Chaitanya Kalbag
-The Economic Times Those of us in our sixties, including our prime minister, will remember the goli soda. You used a little wooden gizmo to push in a marble stuck in the mouth of a bottle and guzzled the sweet, fizzy drink with the marble dancing around inside. Then you felt full and happy. But it was mostly gas. It’s feeling a lot like that these days, and PM Narendra Modi must...
More »Why Arun Jaitley is unable to cut petrol, diesel prices -Abhik Deb
-The Times of India NEW DELHI: In the last one week or so, the government has actively turned its focus towards reviving the country's economy. On Thursday, news agency Reuters quoted government officials to report that the Centre is planning to spend up to Rs 50,000 crore to arrest the 'economic slowdown'. This report came a day after Finance Minister Arun Jaitley said that the government is considering additional measures to...
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