Centre has given two options to states under which they can borrow from the market to meet the shortfall in GST revenues.
The justification used to differentiate between roti and parotta is not working on parotta lovers.
Fixing Punjab’s wood-inlay industry will require the kind of sharp focus and attention to detail that Narendra Modi and Nirmala Sitharaman appear incapable of.
99.3% of demonetised currency is back in the banking system, and India’s addiction to cash is now, perhaps stronger than ever.
The Indian economy is experiencing a slowdown. In fact, it may have started three years ago – remember demonetisation in 2016, followed by the GST in 2017?
The most vulnerable sections of society, especially the informal sector, were hit hard by demonetisation and GST, said the report.
Multiple issues have reduced the effectiveness of GST and eroded the constitutional rights of states, writes Kerala Finance Minister TM Thomas Isaac with his co-authors in a new book.
The GST collection stood at Rs 1.02 lakh crore in the previous month.
The BJP government’s promises on jobs and farmers’ incomes have fallen flat, so it may look to fill the gap with ‘sound and fury’.
According to the report, India’s GDP is forecast to grow by 7.3 per cent in FY2018/19 and 7.5 per cent thereafter, in line with June forecasts.
The government set the range for the Goods and Service Tax from 28 percent to 5 percent on most items when the signature reform was introduced last year.
GST is a 'mess' and 2014's 'historic mandate' has been wasted, says former finance minister Yashwant Sinha in an interview.
The 28 per cent slab is now restricted to only luxury and sin goods apart from auto-parts and cement - the tax rate on which could not be cut due to high revenue implication.
The growth was not only impacted due to demonetisation but also because of implementation of GST, Rajan said.
The bureaucrat was vocal in his support for Modi govt's controversial economic policies when he was the economic affairs secretary.
The two successive shocks of demonetisation and the GST had a serious impact on growth in India, the former RBI governor said at the University of California
Jaitley said that getting currency into the formal economy and making the holders pay tax was the broader objective of demonetisation.
Women, Dalits and minorities are increasingly living in an environment of insecurity, the former prime minister said.
As GST approaches its one-year mark, its effects continue to ripple through the farthest sections of the Indian economy.