Skip to main content

Best of BS Opinion: GST collection, India's telecom crisis, and more

By
Business Standard Opinion pieces for the day talk about government finances in the context of GST, along with other policy issues.
According to an estimate by a foreign brokerage, India’s gross domestic product growth could be impacted by 0.20 per cent in the March quarter because of coronavirus. The Indian economy is battling a severe slowdown and the spread of coronavirus could affect the chances of recovery. Slower than expected growth will also affect government finances. Business Standard Opinion pieces for the day talk about government finances in the context of GST, along with other policy issues.
It is important to realise that the idea of compensating states for 14 per cent growth in GST collection was unrealistic from the beginning, argues our lead editorial. An implosion of the telecom sector with economy-wide ramifications is the last thing India needs right now, writes former TRAI chairman Rahul Khullar. The combined effect of a relatively stable or tending-to-rise unemployment rate and a falling labour participation rate indicates that the employment rate is falling, writes Mahesh Vyas. We must guard against easy money over a long period in the current scenario, writes Soumya Kanti Ghosh.
Business Standard, 03rd March 2020

Comments

  1. Accufile 24 August 2020 at 10:04

    This post is so useful and makes a bit of extremely pleasant data on the theme about GST collection. It is the first occasion when I visit your blog, yet I was amazingly dazzled. Continue posting. CRA Address Change

    ReplyDelete

Post a Comment

Popular posts from this blog

Budget: Startup sector gets new Fund of Funds, FM to allocate Rs 10K cr

By
  The Indian startup sector received a boost with Finance Minister Nirmala Sitharaman announcing the establishment of a new fund of funds (FoF) in the Budget 2025. The minister unveiled a fresh FoF with an expanded scope, allocating Rs 10,000 crore. The initial fund of funds announced by the government with an investment of Rs 10,000 crore successfully catalysed commitments worth Rs 91,000 crore, the minister said.   “The renewal of the Rs 10,000 crore commitment to the Fund of Funds for alternative investment funds (AIFs) is a significant step forward for the Indian startup and investment ecosystem. The initial Rs 10,000 crore commitment catalysed Rs 91,000 crore in investments, and I fully expect this fresh infusion to attract an additional Rs 1 lakh to Rs 1.5 lakh crore in capital,” said Anirudh Damani, managing partner, Artha Venture Funds.   Damani further added that this initiative will provide much-needed growth capital to early-stage startups, further strengthenin...
Post a Comment
Read more

GST collection for November rises by 8.5% to Rs.1.82 trillion

By
  New Delhi: Driven by festive demand, the Goods and Services Tax (GST) collections for the Union and state governments climbed to Rs.1.82 trillion in November, marking an 8.5% year-on-year growth, according to official data released on Sunday. Sequentially, however, the latest collection figures are lower than the Rs.1.87 trillion reported in October, which was the second highest reported so far since the new indirect tax regime was introduced in 2017. The highest-ever GST collection of Rs.2.1 trillion was reported in April. The consumption tax figures highlight the positive impact of the recent festive season on goods purchases, providing a much-needed boost the industry had been anticipating. The uptick in GST collections driven by festive demand had been anticipated by policymakers, who remain optimistic about sustained growth in rural consumption and an improvement in urban demand. The Ministry of Finance, in its latest monthly economic review released last week, stated that I...
Post a Comment
Read more