-Livemint.com * GDP estimates are based on accepted methodologies, says government * Subramanian made the claims in his latest working paper published on the Harvard University website New Delhi: India’s statistics ministry likely underestimated the impact of demonetization and the rollout of the goods and services tax (GST) on economic activity, leading to an overestimation of gross domestic product (GDP) figures, the finance ministry’s former chief economic adviser, Arvind Subramanian, has said. On 31...
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Even After Abolishing It, Centre Collected Over Rs 1,300 Crore Under Krishi Kalyan Cess -Dheeraj Mishra
-TheWire.in An RTI response has shown that the government continued to collect money under the cess even after July 1, 2017. New Delhi: The Narendra Modi-led Central government has collected tax worth more than Rs 1,300 crore under the Krishi Kalyan Cess (KKC) despite having abolished it, information received through the Right to Information has revealed. The Ministry of Finance had gradually disposed of several cesses with the Goods and Services Tax (GST)...
More »50 lakh people lost job opportunities after demonetisation: study
-The Hindu The 'State of Working India' report, published by Azim Premji University, was released on Tuesday Since the November 8, 2016 demonetisation, at least five million people lost opportunities to work across the country, while the overall unemployment rate doubled between 2011 and 2018 to 6%, says a 'State of Working India' (SWI) report published by the Centre for Sustainable Employment (CSE) of the Azim Premji University (APU) that was released...
More »YV Reddy, former Reserve Bank of India governor and chairperson of the 14th Finance Commission, interviewed by Roshan Kishore (Hindustan Times)
-Hindustan Times The 15th Finance Commission (FC) has to submit its report in October 2019, which will be another important event in the evolution of India’s fiscal federalism framework. The tenure of the Narendra Modi government has seen important changes in India’s fiscal federalism set-up such as the abolition of the Planning Commission (PC) and the roll-out of the Goods and Services Tax (GST). The 15th Finance Commission (FC) has to submit...
More »West Bengal returns Centre's PMJAY funds -Abantika Ghosh
-The Indian Express Launched on September 23, PMJAY is the tertiary care arm of the NDA government’s flagship health programme Ayushman Bharat. On the day Trinamool Congress supremo and West Bengal Chief Minister Mamata Banerjee released the party’s manifesto with a focus on national issues such as demonetisation, Kashmir and GST, the state government returned the money received from the Centre for the Pradhan Mantri Jan Arogya Yojana (PMJAY), touted as...
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