-The Indian Express CII recommended adoption of an expansionary fiscal policy to allow fiscal deficit to increase by around 0.5 per cent to 0.75 per cent of GDP, which will give government additional fiscal space of Rs 1.1 lakh crore to Rs 1.6 lakh crore. In a pre-Budget consultation meeting with Revenue Secretary Ajay Bhushan Pandey, the Confederation of Indian Industry (CII) shared its pre-Budget Memorandum recommendations, focusing on providing impetus...
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Cane farmers may have earned up to Rs.9,000 crore more under revenue-share, rather than FRP, model: CACP chief
-The Hindu Business Line New Delhi: Contrary to popular perception, opting for a revenue share, as recommended by the C Rangarajan panel in 2012, instead of the practice of paying a fair and remunerative price (FRP) for sugarcane, would not have resulted in any loss for farmers. Rather, farmers would have gained Rs.8,000-9,000 crore more in the past 10 years, said Commission for Agricultural Costs and Prices (CACP) Chairman Vijay Paul...
More »GST revenues not enough for States' compensation: Centre
-The Hindu Letter to States flags falling collections The Centre has written to all the States voicing concern that due to the lower Goods and Services Tax (GST) collections, the compensation cess might not be enough to pay for losses arising out of the tax system. The communication comes at a time when several States, including Rajasthan, Kerala, Delhi, Punjab and West Bengal, have publicly urged the Centre to transfer pending compensation payments...
More »States' GST compensation may need to be extended beyond 2022: Report -Abhishek Waghmare
-Business Standard Serious inconsistencies in data make revenue projection problematic States will need to be compensated for their revenue shortfall under goods and services tax (GST) even after 2022 — the sunset year for compensation under the law — because of slow revenue growth, a report commissioned by the 15th Finance Commission (FC) has noted. It shows that states would require compensation of at least Rs 1.67 trillion in 2024-25, because none of...
More »Why FMCG companies are cutting down on advertising costs in India -Bidya Sapam
-Livemint.com * Consumer goods companies are likely to post their worst revenue growth in the last 15 years, as per report * With slump in consumer demand, most firms are stepping up their efforts to entice consumers through discounts and offers Mumbai: Fast moving consumer goods (FMCG) companies are shifting their focus to consumer promotions to drive volume in a sluggish market while being cautious on investing heavily on advertisements to save cost,...
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