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

Household debt up, but India still lags emerging-market economies: RBI

By
  Although household debt in India is rising, driven by increased borrowing from the financial sector, it remains lower than in other emerging-market economies (EMEs), the Reserve Bank of India (RBI) said in its Financial Stability Report. It added that non-housing retail loans, largely taken for consumption, accounted for 55 per cent of total household debt.As of December 2024, India’s household debt-to-gross domestic product ratio stood at 41.9 per cent. “...Non-housing retail loans, which are mostly used for consumption purposes, formed 54.9 per cent of total household debt as of March 2025 and 25.7 per cent of disposable income as of March 2024. Moreover, the share of these loans has been growing consistently over the years, and their growth has outpaced that of both housing loans and agriculture and business loans,” the RBI said in its report.Housing loans, by contrast, made up 29 per cent of household debt, and their growth has remained steady. However, disaggregated data sho...
Post a Comment
Read more

External spillovers likely to hit India's financial system: RBI report

By
  While India’s growth remains insulated from global headwinds mainly due to buoyant domestic demand, the domestic financial system could, however, be impacted by external spillovers, the Reserve Bank of India (RBI) said in its half yearly Financial Stability Report published on Monday.Furthermore, the rising global trade disputes and intensifying geopolitical hostilities could negatively impact the domestic growth outlook and reduce the demand for bank credit, which has decelerated sharply. “Moreover, it could also lead to increased risk aversion among investors and further corrections in domestic equity markets, which despite the recent correction, remain at the high end of their historical range,” the report said.It noted that there is some build-up of stress, primarily in financial markets, on account of global spillovers, which is reflected in the marginal rise in the financial system stress indicator, an indicator of the stress level in the financial system, compared to its p...
Post a Comment
Read more

Healthy balance sheets augur well for economy: RBI Governor Sanjay Malhotra

By
  Large tariffs by the United States administration and elevated geopolitical risk have increased near-term global financial stability risks, and along with weather events pose downside risks to domestic growth, Reserve Bank of India(RBI) Governor Sanjay Malhotra said in the foreword to the Financial Stability Report released today.Noting that domestic growth momentum is buoyed by strong domestic drivers, sound macroeconomic fundamentals and prudent policies, Malhotra said: “External spillovers and weather-related events could pose downside risks to growth.”On the other hand, he said the outlook for inflation is benign, and there is greater confidence in the durable alignment of inflation with the Reserve Bank’s target.Commenting that the structural shifts reshaping the global economy are making policy intervention challenging, the Governor emphasised the need for central banks and financial sector regulators to remain vigilant, prudent and agile in safeguarding their economies and...
Post a Comment
Read more