Monday, 22 October, 2018

Topic: GST

Illustration by Peali Dezine

Modi says India can stun the world in the next industrial revolution. He has a point

India is not a frontrunner in the emerging digital-physical world, but Indians are beginning to make their contribution.
Shipping containers sit stacked at the Jawaharlal Nehru Port

Behind Rupee meltdown: India’s exports disaster under Modi Govt

Limited diversification, uncertain global conditions, GST and credit crunch badly hurt India’s exports even as rupee depreciated.
Representational image

India to regain world’s fastest growing economy tag with 7.3% GDP growth this year: IMF

IMF in its latest World Economic Outlook report has praised the economic and business reforms, including GST, introduced by the current government.
Several fraudulent withdrawals were made from the MEA employees' GPF accounts | Bloomberg

Indian tax revenues fail to meet targets five months in a row, raise doubts on borrowing plan

Traders say the gap between the target and actual collection may undermine the government’s plan to cut its borrowing for the year by 700 billion Rs.
Gita Gopinath

Would not suggest demonetisation to any country: New IMF chief economist Gita Gopinath

In earlier interviews, Gita Gopinath also criticised the RBI for its communication strategy during demonetisation but called GST a ‘real reform’.
GST rate cut shows reformist intent of Modi govt

GST Council sets up Group of Ministers to look into Kerala’s demand for calamity cess

Council headed by finance minister Arun Jaitley also discussed revenue shortfall in the states under GST.
Arun Jaitley

Cabinet approves conversion of GSTN to govt-owned company

Currently, 49 per cent of the shares are owned by the Centre and States and 51 per cent belong to private financial institutions.

World Bank to support India’s transition to high-middle income nation

It is expected to bring in $ 25-30 billion in financial support for India from the International Bank for Reconstruction and Development.
File photo of Indian currency | Bloomberg

IMF estimates rupee’s depreciation to be only 6-7%

The world body warned that the rupee depreciation would jack up the prices of imported goods such as oil and petroleum products.
pedestrian

Forget the rupee, corporate earnings are improving: India’s largest brokerage

ICICI Securities says robust consumption and a pick up in loan growth show the economy is on the mend after demonetisation & GST.
Rakesh Asthana

At the root of the CBI power struggle lies the ‘Gujarat division’

CBI’s top two officers — director Alok Verma and No.2 Rakesh Asthana — have accused each other of corruption. Here’s how this power struggle began. 
tennis

With Djokovic’s recent wins, is it time to anoint him king of tennis over Federer & Nadal?

Novak Djokovic won the Shanghai Masters last week, adding another important title to his victories at Wimbledon, the US Open and the Cincinnati Masters this year.