Govt can do more with its money. But question is how much political capital it’s willing to spend on economic reform, which could upset one section or another.
From stabilisation of the bankruptcy process to the roll-back of the worst of the Budget, there were a few things to be optimistic about the Indian economy.
The govt made four mistakes on GST, apart from the problems in implementation. It now has to break heads in the GST Council and work out new slabs and rates.
Revenue collection in J&K has suffered since the 5 August clampdown, and pace of filing GST returns is 1/4th of what it needs to be to meet 20 December deadline.
Perhaps BJP thinks economic recovery will happen before the next general elections. But this assumption can come unstuck if current directions are not reversed.
Alongside buying into the grift that is dating apps, the girlies are also installing astrology apps like Astrotalk to investigate the same tired mystery—will he ever text back?
Aquaculture is the fastest growing food sector in Africa, offering significant returns on investment for all involved and achieving the continent’s goals for food security, dignified livelihoods and economic growth.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
I would like to quote from a interview of ex-Governor ,Subbarao: “=Regardless, Modi seemed disinclined to invest his enormous political capital to implement the ‘politically’ difficult reforms. Sure, some important reforms got under way during his first term such as the implementation of a nation-wide GST (goods and services tax), the enactment of the bankruptcy code and the inflation targeting framework of the Reserve Bank. But he initiated none of these reforms; these were all initiatives that he inherited. It’s happenstance that they culminated on his watch. On his own, Modi did not initiate any notable fresh economic reform. Early in his first term, he attempted land acquisition reform, but when there was a backlash he quickly gave up.”. “Modi somehow seemed to have succumbed to the mistaken belief that the economy will run on autopilot without any policy intervention. The original sin of not implementing reforms has now caught up with us and output growth is down to 5%.” “Should I have the opportunity, I will tell the prime minister, “It’s the economy, sir.” What Prime Minister Modi should do, in my view, is to wholeheartedly embrace responsibility for reviving the economy. He should make an unequivocal statement that repairing the economy, putting it on track to a five trillion output as quickly as possible, will be his single-point agenda, and will receive his undivided attention, to the exclusion of all other social and political concerns. To be credible on that, he should back up that statement with an action plan and a roadmap with clear milestones and measurable outcomes”.
Yeah Right, like that 15 lakhs cash to the poor and doubling the farm income, this term it is annual GDP growth at 11.5% This also can be derived from the rule of 115.useful for trebling your money. Your 3 trillion becomes 10 trillion in 115/10=11.5% growth per year! Yes 4% to 11.5%!!!!!!
I would like to quote from a interview of ex-Governor ,Subbarao: “=Regardless, Modi seemed disinclined to invest his enormous political capital to implement the ‘politically’ difficult reforms. Sure, some important reforms got under way during his first term such as the implementation of a nation-wide GST (goods and services tax), the enactment of the bankruptcy code and the inflation targeting framework of the Reserve Bank. But he initiated none of these reforms; these were all initiatives that he inherited. It’s happenstance that they culminated on his watch. On his own, Modi did not initiate any notable fresh economic reform. Early in his first term, he attempted land acquisition reform, but when there was a backlash he quickly gave up.”. “Modi somehow seemed to have succumbed to the mistaken belief that the economy will run on autopilot without any policy intervention. The original sin of not implementing reforms has now caught up with us and output growth is down to 5%.” “Should I have the opportunity, I will tell the prime minister, “It’s the economy, sir.” What Prime Minister Modi should do, in my view, is to wholeheartedly embrace responsibility for reviving the economy. He should make an unequivocal statement that repairing the economy, putting it on track to a five trillion output as quickly as possible, will be his single-point agenda, and will receive his undivided attention, to the exclusion of all other social and political concerns. To be credible on that, he should back up that statement with an action plan and a roadmap with clear milestones and measurable outcomes”.
Yeah Right, like that 15 lakhs cash to the poor and doubling the farm income, this term it is annual GDP growth at 11.5% This also can be derived from the rule of 115.useful for trebling your money. Your 3 trillion becomes 10 trillion in 115/10=11.5% growth per year! Yes 4% to 11.5%!!!!!!