Economy and Finance

News and views related to the Indian Economy and Financial sector

Modi government delivers, Congress opposes GST rate cut for middle class

Here are the specific items that Congress opposed GST tax-cut on most vehemently

Congress opposing GST rate cut on items that can benefit the middle class is a classic case of Congress trying to stymie benefit to the people of the country for petty political gains.

Modi delivers: Only 28 luxury items remain in 28% GST slabs, rates slashed for several goods

Vegetables (cooked or uncooked), and frozen vegetables have been shifted to zero percent slab from previous 5%.

Facts, No Fiction: Recent farm loan waiver prove that Congress hasn’t learnt from its past mistakes that drove fiscal deficit up

Populist policies like farm loan waiver of the Congress indicate two things; unwillingness to learn from past economic mistakes and the lack of a sound policy agenda to resolve some of the long-standing issues of Indian farmers.

Much ado about nothing: Demystifying the needless hue and cry over the RBI

Nothing justifies this misinformation campaign attempt at political point scoring even though there is no credible point which Congress can harp on to while making those claims.

Farmer loan waivers tell us why Congress has no agenda

Congress had announced a similar farmer loan waiver in 2008 which led it to a victory in the 2009 elections

PM Modi makes a big announcement: 99% items to soon fall under 18% GST slab or lower

"Today, GST system has been established to a large extent and we are working towards a position 99% things would attract the sub- 18% slab", said Prime Minister Narendra Modi

Facts, No Fiction: There’s a new sheriff in RBI

The man who steered the economy through Demonetization, Shaktikanta Das, has been put in charge of the RBI by the Modi government

Amidst speculations over Govt-RBI stand off, Jaitley asks how a mere discussion be considered ‘destruction’ of an institution

Urjit Patel had resigned earlier this week as RBI governor citing personal reasons.
Image Source: Zee News

Industrial production growth at a 11 month high of 8.1% in October, while retail inflation dips to 17 month low

The retail inflation has hit a 17-month low of 2.33% in November as against 3.31 per cent in October as the prices of food items, including vegetables have come down.
Vijay Mallya to be extradited

UK Home Office acknowledges receipt of extradition order against Vijay Mallya

British-Pakistani Home Secretary Sajid Javid will now contemplate on the order of the court and then decide whether further action on extradition should be taken or not.

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