-The Times of India NEW DELHI: In the last one week or so, the government has actively turned its focus towards reviving the country's economy. On Thursday, news agency Reuters quoted government officials to report that the Centre is planning to spend up to Rs 50,000 crore to arrest the 'economic slowdown'. This report came a day after Finance Minister Arun Jaitley said that the government is considering additional measures to...
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How much will a cow cess of Re.1 on petrol generate? -Ragini Bhuyan and Tadit Kundu
-Livemint.com A cow cess of even Re.1 per litre of petrol will be enough to generate funds that will exceed the entire annual budgets of several Union ministries About two weeks ago, Subramanian Swamy, a Rajya Sabha member from the Bharatiya Janata Party (BJP) called for a cow cess of Re1 on petrol to fund gaushalas or cow shelters across the country. Swamy made the comment towards the end of his speech...
More »GST adding to economic growth is rubbish, says NITI Aayog member Bibek Debroy -Jatin Gandhi
-Hindustan Times With petroleum, electricity, alcohol and other products kept out of the purview of GST, the gains to GDP will not accrue in the same proportion as projected, he says. Claims that the Goods and Services Tax (GST) will boost the country’s economic growth by 1.5 percentage points are “rubbish”, NITI Aayog member and economist Bibek Debroy said, hours before its roll out on midnight Friday. Debroy’s remarks contrast with finance minister...
More »Entering the age of GST -M Govinda Rao
-The Hindu The long-term benefits of GST are clear — the challenge is to quickly address the short-term obstacles The Goods and Services Tax (GST) is in force from today. The reform, touted as a “game changer” and the “reform of the century”, was deemed worthy of a launch on the midnight of June 30 in the Central Hall of the Parliament. Indeed, one is reminded of the famous speech by Pandit...
More »A Budget few can quarrel over -TT Ram Mohan
-The Hindu Arun Jaitley has steered clear of populist giveaways in the run-up to Assembly elections Some said it was a ‘make or break’ Budget, one that would use the potential gains from demonetisation to give a decisive push to economic growth. Others said it would be a populist budget aimed at the upcoming elections in Uttar Pradesh and elsewhere. It has turned out to be neither. Finance Minister Arun Jaitley has presented...
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