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Economy and Business

The first giant step towards the implementation of a single goods and services tax for the country as a whole has finally been taken. Showing rare bonhomie, the Rajya Sabha voted to pass a constitutional amendment bill that will allow the Centre and the states to draft appropriate GST legislation. The next step is for the majority of states to ratify the bill. 

 

The consumer’s perspective should also be considered.

 

The new policy is promising, but achieving higher coverage calls for more efforts.

 

China dreamt of becoming a potential global power, likewise, India must develop its own desi model to handle growth.

 

GST is the culmination of a series of tax reforms, from those in personal taxes to excise and services

 

Recalling the Russian scissors policy of the 1920s, where agriculture prices slumped while industrial ones rose dramatically, seems more than a bit odd since, in India, food inflation is rising at a faster pace than in industrial goods.

 
Consumer prices in India went up to 5.77 per cent year-on-year in June, accelerating for the third straight month and reaching the highest since August 2014. Figures came above market expectations of 5.73 per cent due to high food cost.   
 

Selective reduction in import duties will lead to optimum benefits with respect to foreign investment and trade pacts.

 

It is 25 years since July 1991, etched in memories as a watershed, when economic liberalisation began life in India. The story starts earlier. I lived through that era as Chief Economic Adviser to three successive governments in a span of two years marked by economic crises and political uncertainties.

  It is 25 years since July 1991, etched in memories as a watershed, when economic liberalisation began life in India. The story starts earlier. I lived through that era as Chief Economic Adviser to three successive governments in a span of two years marked by economic crises and political uncertainties.  
 

Digitisation of agriculture can play a significant role in increasing employment opportunities

 


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