Gst Rollout

Dhiraj Nayyar’s new book shows Narendra Modi's understanding of markets is in no way inferior to that of his critics

Unlike his peers in academia or financial journalism who run down the Modi government’s demonetisation drive and GST roll out, Nayyar categorises these moves as “radical reforms” intended to benefit the economy in long run

Economy grows 8.2% in April-June: Q1 GDP data slightly better than expectations, say experts

The Q1 GDP data was slightly better than our expectations helped by stronger growth in agriculture and manufacturing.

Directorate General of Safeguards slaps GST profiteering notice on Hindustan Unilever

This is the sixth notice issued by Directorate General of Safeguards (DGS), the investigative arm of the finance ministry, to entities for not reducing prices post Goods and Services Tax implementation from 1 July.

GST makes India a unified market, renders 2017 most significant year for economy since Independence

State level taxes replaced by the pan-India GST include state cesses and surcharges, luxury tax, state VAT, purchase tax, central sales tax, taxes on advertisements, entertainment tax, various forms of entry tax, and taxes on lotteries and betting.

Foreign trade policy review: India should address problems of competitiveness urgently, set an export target

A review of foreign trade policy without setting an export target is a bit like a finance minister working on a budget without targeting a short-term or long-term GDP growth rate.

Foreign Trade Policy mid-term review may focus on job creation, improving trade logistics

Foreign trade policy review, to be unveiled later on Tuesday, may accord special priority to improving logistics for trade to help bring down the costs

Divestments, rising GST mop-up to lower fiscal deficit pains, says India Ratings report

Front-loading of expenditure, where government has exhausted 96 percent of the deficit by August, and also a slowdown in growth which led it to even mull a stimulus, had put question marks over whether it government will be able to meet the fiscal deficit target or not

Fitch lowers growth forecast to 6.9%, sees large bank NPAs dampening credit growth, investment

Economic activity is expected to accelerate in the second half of the fiscal year with the waning impact of demonetisation shock in late 2016 and GST rollout in July

GST impact: Durga Puja organisers, idol makers feel the pinch as ad revenue falls, margins shrink

Durga Puja organisers and idol makers here say they are feeling the pinch of the GST as advertising revenues are falling and margins are tepid

Services sector contracts for second month in August on GST woes

The services sector had slipped into contraction in July as confusion caused by the GST rollout triggered a dip in new business orders