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Friday, May 3, 2024
TopicGST

Topic: GST

India registers 6.3% growth in July-Sept quarter; breaks five-quarter downward trend

Agriculture sector down 1.7% from 2.3% in previous quarter while manufacturing and construction see growth of 7% and 2.6% respectively.

Q2 GDP growth set to break five-quarter sliding trend

GDP and GVA numbers to be released Thursday, experts expect recovery after adverse impact of demonetisation and the pre-GST slowdown.

One of Gujarat’s biggest trade hubs doesn’t want to vote for BJP, but has no alternative

Surat's textile and diamond industry is still reeling from demonetisation and GST. Some are convinced this was necessary, others hope for change.

It’s not GST, the problem is the structure of the Indian economy

There's no question of getting rid of the tax, but it needs to be simplified more for small businesses. 

Talk Point: Will the creation of a National Anti-Profiteering Authority impair business?

The authority has the power to impose penalties and even cancel the registration of a business if it does not pass the benefits of GST to consumers.

After Hardik Patel, Congress may give in to Dalit activist Mevani’s wishlist

Congress manifesto for Gujarat polls to include schemes for upliftment of women, job creation models, plans to offset GST effects, among others.

Rating the raters

Ratings aren't the last word on anything but the sovereign rating upgrade by Moody's is undoubtedly a shot in the arm for the Modi government. 

Talk Point: The regulatory philosophy of NAPA replaces the invisible hand of the market

Anti-profiteering measures enshrined in the GST law round the circle by already providing an institutional mechanism to ensure that the full benefits of reduced tax rates flow through to the consumer.

Talk Point: Industry representatives, consumer body members should have a say in NAPA affairs

The establishment of the National Anti-Profiteering Authority (NAPA) can go a long way in ensuring that benefits of the GST are passed on to the consumers. However, the NAPA should not be used to harass traders.

Talk Point: GST anti-profiteering body may increase corruption, red tape

The anti-profiteering body does have a good chance of becoming another bureaucratic layer which needs to be bribed to keep your restaurant/business running

On Camera

Stop targeting Galgotias University students. Focus on politicians instead

Going through their Instagrams and dissecting their ‘statements’ is not the astute political commentary you think it is—it is time for us to back off from targeting 20-year-olds.

High capacity usage, fresh borrowings & new orders — why FY25 could be a big year for pvt investment

Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.