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Economy and Business

The Narendra Modi government has done well to thrash out a deal with states on the contentious issue of sharing of administrative powers over the Goods and Services Tax (GST). States had been insisting on control over assessees with an annual turnover of up to Rs 1.50 crore.

 

The finance minister can cut everyone’s tax burden, even pay the poor, and be revenue neutral by cutting sops

 

India is still coming to grips with Prime Minister Modi’s ‘shock and awe’ approach to demonetisation, which should be seen as an important element of his ambitious digital India mission. 

 

The note-ban is a sacred movement and will lead to a clean economy, the BJP national executive held in the beginning of the 2017 new year said. It was a momentous decision.

The note-ban is a sacred movement and will lead to a clean economy, the BJP national executive held in the beginning of the 2017 new year said. It was a momentous decision.

 
As the Union budget approaches, debates over welfare grow intense.
 

Yaga Venugopal Reddy is a man of few words, but his words carry a lot of weight — especially in the world of finance. Earlier this week, the soft-spoken former governor of Reserve Bank of India chose strong words to describe the state of play at the central bank. 

 

The first advanced estimates of GDP growth for the financial year 2016-2017 (FY17) show a marginal decline from 7.6 per cent last year to 7.1 per cent this year.

 

The economy provides scope and demonetisation, the rationale for a flat income tax rate and a negative income tax for the poor and the needy.

 

Reserve Bank of India Governor Urjit Patel’s emphasis on the vital importance of protecting domestic macroeconomic stability could not have come at a more crucial juncture. 

 

Schemes announced by Modi have set back financial sector reforms

 


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