Category: INDIAN ECONOMY Fact & Analysis

Today’s productivity paradox

Today’s productivity paradox Economists argue over whether the slump in global productivity growth reflects the stagnation of technology Recent trends in productivity growth make it hard to be optimistic about the future. In 2014, the global growth of total factor productivity, or TFP, which measures the combined productivity of capital and labour, was essentially zero […]

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Cabinet approves Central Legislation to declare 106 additional inland waterways as national waterways

Cabinet approves Central Legislation to declare 106 additional inland waterways as national waterways The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to carry out official amendments in “The National Waterways Bill, 2015”. The amendments are based on the recommendations of the Department related Parliamentary Standing Committee on Transport, […]

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GST: Subramanian panel bats for fewer exemptions

GST: Subramanian panel bats for fewer exemptions The committee favours removing exemptions granted to education, health (excluding medicines) and power Keeping exemptions to a minimum under the goods and services tax (GST) will be key to keeping tax rates low and checking the inflationary impact of the proposed new indirect taxation regime, a panel headed […]

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Committee headed by the Chief Economic Adviser Dr. Arvind Subramanian on Possible Tax rates under GST submits its Report to the Finance Minister

Committee headed by the Chief Economic Adviser Dr. Arvind Subramanian on Possible Tax rates under GST submits its Report to the Finance Minister; On the Revenue Neutral Rate (RNR), the Committee recommends the same in the range between 15 percent and 15.5 percent (Centre and states combined) with a preference for the lower end of […]

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GST: Arvind Subramanian panel recommends standard rate of 17-18%

Panel backs scrapping proposal of a 1% additional levy by states on the cross-border transport of goods A panel under chief economic adviser Arvind Subramanian, constituted by the government to decide on goods and services tax (GST) rates, has recommended a revenue-neutral rate of 15-15.5%, with a standard rate of 17-18% which will be levied […]

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The state of the Indian economy

The state of the Indian economy The GDP numbers point to a recovery, but given the number of caveats involved, it might make sense to wait for the third quarter’s numbers to see whether this is sustainable Is the economy expanding? Is manufacturing growing? Is consumption-driven growth back? Is investment demand back? These are important […]

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Is SEZ the God that failed?

Is SEZ the God that failed? Imagine the following economic reform that can really surge manufacturing and exports. It promises single window and speedy approvals. The approval committee is empowered and meets frequently and regularly. The policy promises a stable tax regime and is guaranteed by an Act of Parliament. The Act itself is thoroughly […]

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Setting up of NIMZs

Setting up of NIMZs Government has granted “in-principle” approval to a total of 20 National Investment and Manufacturing Zones (NIMZs). Of these, 12 NIMZs are located outside the Delhi-Mumbai Industrial Corridor (DMIC) region. These are: (i) Nagpur in Maharashtra; (ii) Tumkur in Karnataka; (iii) Chittoor in Andhra Pradesh; (iv) Prakasam in Andhra Pradesh; (v) Medak […]

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