Srinagar: Jammu and Kashmir Finance Minister Haseeb Drabu criticized banks and financial institutions across India for their laziness by not lending to small enterprises thus pushing a sector that produces 45 percent of the manufactured output, backwards and discouraging entre…
Tag: Haseeb Drabu
GST: An idea whose time has come!
We are now just days away from the rollout of the goods and services tax (GST) on July 1 — the most ambitious indirect tax reform ever attempted in modern India. Yes, the design is far from perfect (given the multiplicity of rates), yet it is a visionary idea on which, amazingly, there is politic…
GST Council’s next step: Ensuring tax benefits are passed on to consumers
New Delhi: After having fixed the rates of the goods and services tax (GST) on almost all commodities and services, the powerful federal tax body GST Council is trying to ensure that businesses pass on any tax reduction benefit to consumers when the new indirect tax regime comes into force on 1 J…