-The Hindu Given the recent policy changes, the CEA has done right to flag mid-year concerns Five months after the Economic Survey 2016-17 was released, Chief Economic Adviser Arvind Subramanian has presented the second volume of the annual economic review-cum-prognosticatory report. With the intervening period having provided a wealth of data points and policy developments, including the momentous roll-out of the Goods and Services Tax, there was a clear need to update...
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GST nets a million more taxpayers, registrations cross the 10 lakh mark -Surojit Gupta
-The Times of India NEW DELHI: New registrations under the goods and services tax+ (GST) crossed the 10 lakh mark on Saturday, a milestone that brings cheer to policymakers who have been hoping for an increase in the tax base after the rollout of the new tax measure. "The figure of new registrations approved in GST crosses 10 lakhs today. About two lakh applications pending in process," revenue secretary Hasmukh Adhia tweeted...
More »Ragpickers hit hard by GST -Mohit M Rao
-The Hindu Plastic recyclers protecting margins by paying less for waste plastic Bengaluru: As the nation ushered in the Goods and Services Tax (GST) on July 1, no one would have imagined that it might have adverse consequences for the environment. But with the tax rate on recycled plastic shooting up from 5.5% to 18% post-GST, ragpicking as a livelihood seems to be turning unviable, with attendant impact on the urban environment. Take...
More »Prof. Devesh Kapur, director of the Center for the Advanced Study of India at the University of Pennsylvania, interviewed by Anuradha Raman (The Hindu)
-The Hindu The political scientist on the danger to India’s checks and balances, and the perils of the democratisation of mediocrity in universities Professor of political science and a holder of the Madan Lal Sobti Chair, Devesh Kapur has been director of the Center for the Study of Contemporary India at University of Pennsylvania since 2006. Mr. Kapur, who recently co-edited Public Institutions in India: Performance and Design, says our public universities...
More »May I Overcharge You? -Arindam Mukherjee and Lola Nayar
-Outlook Banks are fleecing customers to shore up their profits and offset the dead weight of bad loans to corporates When the GST era dawned this month, online jokesters quipped that it was the most inscrutable thing after Duckworth Lewis. But paradoxically, it may have brought a disquieting clarity to another zone of universal experience. Amid the flurry of news reports detailing what would entail a higher tax of 18 per cent,...
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