-Livemint.com The simplification process may result in some readjustment of GST rates, including a possible reduction in tax of some items that are in the highest tax slab of 28% New Delhi: Policymakers are considering steps to ease the compliance burden related to the goods and services tax (GST) on small businesses and to make product classification for taxation less complicated, said revenue secretary Hasmukh Adhia. The simplification process may result in some...
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How palm oil from Malaysia fired the Patel agitation in Gujarat -M Rajshekhar
-Scroll.in It is hard to understand why the Indian government continues to favour palm oil imports over homegrown edible oils in Gujarat and elsewhere. Dhirubhai is in dire straits. He can no longer recover his investments on the groundnuts he grows on three acres of land along the Junagadh-Verawal road in Gujarat. In a good year, he grows 100 kilos of groundnuts – or peanuts – for every Rs 4,000 he invests....
More »From textiles to tech: Wave of job losses hits new and old economy -Anil Sasi
-The Indian Express The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited. TEXTILE to capital goods, banking to I-T, start-ups to energy, the economy’s downward spiral is leaving a trail of job losses across both old and new economy sectors. In the near absence of consolidated employment numbers, disaggregated data collated from across these sectors by The Indian Express points to spreading employment distress...
More »I need to speak up now -Yashwant Sinha
-The Indian Express The economy is on a downward spiral, is poised for a hard landing. Many in the BJP know it but do not say it out of fear I shall be failing in my national duty if I did not speak up even now against the mess the finance minister has made of the economy. I am also convinced that what I am going to say reflects the sentiments...
More »Achchhe din's worst day
-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...
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