-The Indian Express There has been only a marginal increase in the direct tax to GDP ratio after demonetisation. And the Economy didn’t need to suffer for digitisation. The government did not celebrate the second anniversary of demonetisation, one of its biggest policy initiatives. It has celebrated the anniversary of all other big policies. Why the diffidence? The finance minister did come out with a statement listing the achievements of demonetisation. But his...
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Behind India's leap in ease of doing business -Aarati Krishnan
-The Hindu The rankings serve as a trusted ready-reckoner for foreign investors looking to invest in a country Chennai: India’s leap in the World Bank’s Ease of Doing Business rankings this year has slipped under the radar, in the cacophony over demonetisation and the RBI-Centre spat. The country has, in fact, been one of the biggest ‘improvers’ in the 2019 study, with its rank shooting up from 100 to 77, among 190 countries....
More »Mid-year review: Only five tax regions manage to achieve revenue mop-up goals -Rahul Wadke
-The Hindu Mumbai among biggest laggards with 3.8% growth in collections against a target of 13.3% Mumbai: The Income Tax Department may miss the revenue collection target for this fiscal going by the numbers for the first two quarters. Out of 18 income tax regions in the country, only five — Delhi, Uttar Pradesh (E), Uttar Pradesh (W), Odisha and the North-East — have managed to achieve the revenue goals in the...
More »Poor sowing of gram, jowar pulls down rabi acreage by 20 percent
-The Hindu Business Line But wheat planting begins on a strong note New Delhi: Tepid progress in the planting of pulses and coarse cereals has pulled down total rabi sown area by 20 per cent till the weekend compared to the corresponding week in the 2017-18 season, according to data released by the Agriculture Ministry on Friday. However, the planting of wheat has begun on a strong note with acreage registering a 20...
More »Demonetisation, GST held back growth: Raghuram Rajan
-PTI Says 7% growth not enough; centralisation of power a problem. Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI governor Raghuram Rajan has said, asserting that the current 7% growth rate is not enough to meet the country’s needs. Addressing an audience at the University of California in Berkeley on Friday, Rajan said for four years — 2012...
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