-PTI At the time of implementation of the Goods and Services Tax on July 1, 2017, the Centre had promised to compensate states for loss of revenue for five years at an agreed formula States might be facing a consolidated revenue gap of up to Rs.1.23 lakh crore on account of withdrawal of compensation after the five-year GST transition period ends on June 30, 2022, says a report by economic think tank...
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Fresh concerns for basmati exporters awaiting Iran dues -Harish Damodaran
-The Indian Express Rice exporters alone are said to be stuck with receivables of Rs 800-900 crore against shipments made till June 2019. A major hit to India from the uncertainty triggered by the assassination of Iran’s most powerful military commander could be to its multi-billion dollar basmati rice export industry. The Islamic republic accounted for $1.56 billion (Rs 10,790.02 crore) out of India’s total $4.71 billion (Rs 32,804.30 crore) worth of...
More »CAA, NRC introduce meddlesome officialdom into a question as fundamental as citizenship -Abhijit Banerjee & Esther Duflo
-The Indian Express CAA and NRC introduce a meddlesome officialdom into a question as fundamental as citizenship. Why not open our doors to all who sign up in our national mission of being democratic, open, tolerant and inclusive? In 2014, then candidate Narendra Modi’s slogan of “maximum governance minimum government” had resonated with many voters who felt that the Indian government loomed too large in their lives while delivering too little to...
More »Petrol prices up 15 paisa, diesel by 17 paisa as crude hits $70-mark
-PTI The retail pump prices of petrol in Delhi rose to Rs 75.69 per litre - the highest since November 2018, while those of diesel climbed to Rs 68.68, according to a price notification of state-owned fuel retailers. New Delhi: Petrol prices on Monday were hiked by 15 paisa a litre and diesel rates were increased by 17 paisa as global oil prices hit USD 70 mark in the wake of escalating...
More »Bias exists in survey responses, but also in government's own telling - PC Mohanan
-The Indian Express The immediate cause for suspecting the genuineness of survey responses is the divergence in the estimates of households with access to toilets. Differences between survey estimates and comparable data from administrative sources are not surprising. The survey data are believed to present a more realistic view, especially when it relates to access to public goods and services. Generally, the distrust is more on administrative data from implementing agencies. While...
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