Consumption of petrol and diesel will contribute more than half of the Centre's exclusive share in GST in FY20, reports Abhishek Waghmare
A well-established tax system would have a predictable buoyancy - how fast the collections grow as a proportion to the growth of the economy. But that is not the case with GST. It is still undergoing substantial changes as the government responds to structural as well as administrative glitches.
In the last three years, public sector banks have responded to the RBI's policy rates more strongly than private banks.
The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.
Modi garners nearly 37% vote nationally, courtesy West Bengal, Odisha, Karnataka and Telangana.
Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.
'The Dalit vote traditionally went to the Congress, but everyone knows by now that the Congress and the BJP are the same. We all stand united behind Balasaheb (Prakash Ambedkar) this time.'
Data suggests that households too are expecting inflation to subside, with the three-month-ahead and the one-year-ahead expectations declining by 40 basis points, reports Abhishek Waghmare.
Women's representation in government jobs is less than 15%.
India's spending on space research almost tripled from Rs 4,163 crore in 2009-2010 to Rs 11,538 crore in 2018-2019.
Experts say the party is undoing what it achieved through MNREGA by targeting beneficiaries
With just 11.8 per cent, the nation lags behind its neighbours and peers when it comes to women's representation in national legislatures.
An analysis of the assets data from Association of Democratic Reforms shows that the average assets of a winner of the 2014 LS election was more than the average assets of a candidate: more the money you have, more the chances of winning.
There were concerns that simply opening a bank account wouldn't constitute meaningful financial inclusion, as the poor would rarely use these accounts. However, recent data submitted to Parliament attests to increased account usage, says Ishan Bakshi.
The scheme, which would give Rs 6,000 to small farmers in a year or Rs 500 a month, will add more money to the account of these cultivators than the money he/she saves every month on an average.
Post office savings deposit, recurring deposit accounts and the senior citizen savings scheme account have shown the highest growth in the current financial year.
Ehile the Centre had projected tax revenues to touch 12.1 per cent of GDP in FY19, Revised Estimates peg the collections at 11.9 per cent, owing to a shortfall in the goods and service tax (GST) collections, reports Ishan Bakshi.
Past experience shows loan waivers benefited only 30% of India's farmers; here again, the richer cultivator skimmed the cream, leaving very little for his poorer brethren.
With the two members quitting, the NSC now has only two members -- Chief Statistician Pravin Srivastava and NITI Aayog CEO Amitabh Kant.
Under the new system, Infosys will handle end-to-end solution - from e-filing to return assessment to refund processing. The new portal is also expected to process the refunds within one day of filing of tax returns, in huge relief for taxpayers.
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