While the economy as a whole continues to go through the painful transition to GST, one section getting more impacted is the exporters. This is so since they receive considerable amount of money back as tax refund from the government and the same is getting postponed with the extension of deadline for filing of GST returns. So, how exactly has GST affected exporters more than others.?? A look at the issue..
The Budget for year 2017-18 projects a total shortfall of Rs 5.5 lakh crore with total expenditure projected at Rs 21.5 lakh crore against receipt (excluding states’ share) of Rs 16 lakh crore . A look at the different components of the budget.
The cabinet approval for listing of five general insurance company is a smart move which would not only mop up some money for the government but also pave the way for listing of LIC, the insurance behemoth. Further, this would bring about greater transparency and visibility to their operations. Despite having total investments of nearly Rs 27 lakh crore, almost one-fourth the size of entire banking industry, sector’s financial details receives very low attention in the mainstream media. A brief look at aggregate indicators of the sector.
While the nation adjusts to the new normal arising out of the historic demonetization and debates its merit/demerit, it also has another important fall-out. The move can lead to huge bonanza for government in the form of sharp increase in the transfer from RBI. This would be equivalent to the amount of Rs 500 and Rs 1,000 notes that does not come up for replacement. Let’s see how..
Maruti Suzuki has signed an agreement to transport cars from Varanasi to Kolkata, lapping up the opportunity to utilise inland waterways within the country. The development, seemingly small but one with a huge potential and like many other initiatives of the government, has the potential to change the landscape of goods transportation within the country. In fact, the ease of transportation and huge benefits arising out of it leaves one wondering why Waterways have not been developed so far..
Ken-Betwa river linking project is an ambitious project with considerable benefits so much so that Ms Uma Bharti, Union Water Resources Minister, threatened to go on hunger strike last month if the project is not cleared soon. The project, if successfully initiated, will pave the way for taking up many more such projects, crucial to meet country’s irrigation needs and change the face of Indian agriculture.
The Central Statistics Office (CSO) released estimates for GDP for 2015-16 last week, which recorded growth of 7.6% (at constant prices), the best in four years. The quarterly number at 7.9% is second best in last eight quarters.
Mauritius has finally succumbed to continued pressure from India to amend the tax treaty and that must have been the result of some tough talk from the present government. Continue reading
After Struggling for nearly nine years with Corus, Tata Steel has finally called it quits. A sad event for sure, to end the audacious attempt by Mr Ratan Tata to take Tata Steel global. Continue reading
Many times, projects are conceived factoring in a particular scenario, which doesn’t materialize or changes by the time the project is commissioned. Continue reading