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A broken tax chain -Arun Kumar

-The Hindu The GST’s faulty design has prevented the economy from benefiting fully from the indirect tax regime A year ago, at a special midnight session in Parliament, the launch of the goods and services tax (GST) was heralded as the new freedom. A year on, what has the GST achieved? ? One should not expect instant results. There will be many short comings when a complex reform is rolled out. But...

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Measuring Economic Development: Data points undergo changes in 4 yrs -Aanchal Magazine

-The Indian Express GDP growth rates for pre-2011-12 years, making it impossible to compare the new growth data with the growth during the UPA years. New Delhi: From a new gross domestic product (GDP) series to a revised Index of Industrial Production and inflation indices, alongside fresh interventions including payroll reporting based on EPFO data, statistical measurement tools to gauge economic development underwent some change over the past four years. In the...

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Job creation more than doubles to 136,000 in July-Sept 2017: Labour Bureau -Somesh Jha

-Business Standard In the manufacturing sector, 89,000 jobs were created as compared to job loss of 87,000 in the previous quarter and job creation of 24,000 in the same period last year Job creation in the organised sector rose two-fold to 136,000 in July-September 2017 compared to the previous quarter, largely driven by an uptick in the manufacturing sector, latest official estimates showed. In comparison, job creation stood at 64,000 in April-June 2017...

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Job Creation in Organised Sector Dipped by 65% in April-June 2017 -Somesh Jha

-TheWire.in New Delhi: The pace of job creation in the organised sector fell sharply during April-June 2017 to a three-quarter low due to significant job losses in manufacturing, latest official estimates show. The number of new jobs created declined by around 65% to 64,000 in April-June 2017 from 185,000 in January-March 2017, according to the Labour Bureau’s quarterly report on employment. Job creation during April-June was even lower than the 77,000 reported...

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Note Ban Hurt Daily Wagers, Contractual Jobs, Shows Government's Own Survey -Somesh Jha

-TheWire.in In January-March 2017, regular jobs rose while jobs for contract workers slowed to 26,000 against 1,24,000 in the previous quarter. New Delhi: The government’s demonetisation of high-value currency notes in November last year affected job creation among daily wagers and contract workers, even as regular jobs continued to grow, shows the latest official survey of enterprises, issued by the Labour Bureau. During January-March 2017, job creation stood at 185,000 against 122,000 in October-December...

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