-PTI 'If public spending is slashed, it will mean cutting down expenditure on social sector scheme." There is hardly any priVATe investment,' explained Finance Minister Arun Jaitley. Finance Minister Arun Jaitley provided no indication today of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending without which growth will suffer. States levy a high amount...
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No sweets in West Bengal as 2 lakh shops remain shut protesting 5% GST
-IANS All the sweet shops across the state went on a 24-hour strike Kolkata: In what could be a bitter experience for the sweet-loving residents of West Bengal, over two lakh sweet shops, celebrated for their rosogollas and mishti doi, across the state went on a 24-hour strike on Monday to protest imposition of five per cent Goods and Services Tax (GST). Monday's protest is expected to cause an estimated loss of Rs...
More »GST is no game changer for farmers, yet- Sathya Raghu & V Mokkapati
-The Hindu Business Line Agri-tech firms or farmer producer companies enjoy no benefits under GST. This will hit entrepreneurial spirit in the sector In 1991, India saw an LPG blast — liberalisation, priVATisation and globalisation that changed the face of the country permanently. After 25 years from 1991, a fortnight ago, we experienced another revolutionary reform — GST with the promise of “One country-One tax”. Like any other person, I started reading...
More »Domestic help beaten: Separate exits, separate lifts, same story in Noida, Gurgaon -Sakshi Dayal & Aditi VATsa
-The Indian Express “It doesn’t feel good to be forced to use the lift which residents don’t use. What is it about us that makes them not want to see us? But then, that is just the cost of doing the work we do and not being able to afford flats like these,” said Mohammad Shaafi, who works there. Noida/ Gurgaon: From separate eleVATors to different exits — domestic helps working in...
More »Asim Dasgupta, former Finance Minister of West Bengal, interviewed by AM Jigeesh (The Hindu Business Line)
-The Hindu Business Line Asim Dasgupta, who was Finance Minister of West Bengal for 24 years, was probably the only CPI(M) member who attended Saturday’s event at the Central Hall of Parliament, on the eve of the GST’s launch. In fact, Dasgupta was Chairman of the Empowered Group of State Finance Ministers which prepared the first formulation of GST laws in 2009. He spoke to BusinessLine on the new indirect tax regime,...
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