Job-creating growth is likely to be a priority of the Modi government — especially in the context of the contraction expected in the wake of demonetisation — when it presents the Budget on February 1. The Budget presents a unique opportunity for redefining our entire approach towards medium, smal…
Tag: Goods and Services Tax
Indian GDP growth to remain robust at 7.6%: World Bank
Ahead of the Reserve Bank of India’s first monetary policy review to be decided by a committee later on October 4, the World Bank has said India’s GDP growth will remain robust at 7.6 per cent in 2016 and 7.7 per cent in 2017. “In India, GDP growth will remain strong at 7.6 per …
Logistics sector could save $200b annually post GST
Logistics sector, which accounts for nearly 14 percent of the GDP, could see savings to the tune of USD 200 billion annually on implementation of GST, which will ensure faster movement of goods and less idle hours, say experts. With the introduction of Goods and Services Tax, many taxation proced…
Monsoon Session of Parliament | Agendas concerning MSMEs
Carry your umbrellas as the Monsoon Session of Parliament is expected to rain bills. From Goods and Services Tax (GST) to MSME Development (Amendment) Bill, this hot and humid session has a lot on its plate for the MSME Sector. A total of 11 Bills are pending in the Lok Sabha and there are as [&h…
AskMeBazaar demands GST roadmap in Budget 2016
AskMeBazaar, an online bazaar with many stores from across India, has demanded that forthcoming budget should come out with clear cut roadmap for the rollout of game changing indirect tax reform, Goods and Services Tax. With growing e commerce, rollout of GST is critical for its growth as it is l…
Agarwal Packers demands tax sops for logistics in budget
Logistics major Agarwal Packers & Movers has sought a set of tax sops to take India’s logistics to $300 billion business by 2020, a critical industry to push Prime Minister Narendra Modi’s ambitious Make in India plan and job creating MSME sector. Giving a long wish list to Finance Ministry, …