'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
State finance ministers' panel to decide on latest attempt at harmonising of views on Constitution amendment.
'This year's Budget didn't give into populist measures everyone was expecting after demonetisation, so I think that was a positive step.' 'Hopefully the Budget will continue in the way it has been.'
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
GST will make it easier for governments to spend more, says T C A Srinivasa Raghavan.
Measures may include tax slab and rate revisions for individuals, companies.
Small and medium enterprises had complained of tedious compliance burden under the Goods and Services Tax
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.
With just eight days left for the winter session, Jaitley and Parliamentary Affairs Minster M Venkaiah Naidu held consultations with Leader of Opposition in Rajya Sabha Ghulam Nabi Azad and Deputy Leader Anand Sharma.
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
Roland Folger has told the ministries concerned that they are cutting India off from the rest of the world by making it a highly protected market, the Mercedes Benz India CEO & MD tells Ajay Modi.
A strong proponent of the GST, Adi Godrej has been saying for five years or more that it will add one per cent to India's gross domestic product (GDP).
A moderate GST rate obviates the need for the two-rate structure.
There is much work to be done to design a good GST.
There could be a strong incentive for tax payers to avoid the higher tax burden.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
The current draft of the Goods and Services Tax could kill any hope of economic revival - and you should blame the Congress if it rolls over and lets it pass, says Mihir S Sharma.
The government has provided a long-term vision.
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