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Showing posts with the label GST

GOI THREE YEAR PERSPECTIVE - FUTURE OPTIONS

GOI THREE YEAR PERSPECTIVE - FUTURE OPTIONS The benefits of economic reforms, GDP growth and claims of robust economy will ever reach common man ??? Normally the mandate for any government is given for 5 years and it's performance is put to vote soon after completion of 5 year period. Three years period completed for this government and so far very little tangible results are being felt. The claims in improvements in swacch Bharath, digital india, make in India, sub ka saat sub ka Vikas are yet to see tangible results shall not end with "man ki bhat" Service tax increased from 12.36% to 15 % as on date with 0.5% swacch Bharath tax and 0.5% krishi kalyan cess. Hardly any cleanliness impact is seen and similarly in agriculture front also though govt claims soil health cards, digital markets etc, the impact in field is not seen. Though there is good improvement in yields, agri commodity prices dropped across the board leaving farm sector to distress. GST act s...

RESTRUCTURING INDIAN CURRENCY - MODI JI, THE MASS HERO

RESTRUCTURING INDIAN CURRENCY - MODI JI, THE MASS HERO Scraping of Rs. 500 & 1000 notes from midnight of 10.09.2016, is a historic & very bold move taken in the national interest by our Prime minister Sri. Narendra Modi. Like one shot two birds, it will curb corruption, inflation and at the same throw external challenges. In fact it is real surgical strike on parallel economy and roots of terrorism, both killer diseases. The first historic decision to scrap higher denomination currency took by Late Morarji Desai in 1978 (scrapping 10000, 5000 & 1000 notes) to curb corruption. But the present decision is more challenging and will have real impact on entire nation, as the Rs.500 note is the currency ruling the roost at present.  In 1978 hardly any common man new about the higher denomination notes in circulation. I am sure it’s first impact will be on soaring property prices in urban India. As our country has limited land with second largest population, natu...