Snehal khanna Blog

The Survey is pessimistic on investment, and consequently on adverse contribution to growth, arguing that India's investment slowdown might be difficult to reverse BUDGET NEWS :  The precise and modern evaluation of the beyond few monetary Surveys became ratcheted up in FY18, with the products and provider tax (GST)  -enabled information deluge providing insights on structures, sellers and their interactions, as an example on inter-country exchange. fortuitously, this could allow policy to be more and more tuned and focused. indeed “a new planet swims into his ken”. this article, regretfully, has space handiest for a couple of high-stage observations. First, assumptions on the macroeconomic scenario, probable to be used for the FY19 budget. A 7-7.5 consistent with cent forecast for gross home product (GDP) boom is eminently feasible, for the reason that indirect tax collections contribute to the distinction among GDP and the underlying gross cost introduced (GVA). T...

Sales during the first half declined by over 38 per cent when compared with the same period a year earlier, while unit launches fell by over 56 per cent during the same period BUDGET NEWS :  India’s actual estate sector hit rock bottom, falling to a five-12 months low in 2017-18, and a trade in marketplace sentiment to draw more foreign direct investment (FDI) could be required for a revival of the beleaguered zone, the financial Survey 2017-18 notes. whilst residential actual estate marketplace saw income of only fifty eight,000 gadgets within the first half of of 2017, new home income fell to a 5-12 months low of approximately one zero one,850 units at some stage in this period. sales at some point of the first half of declined via over 38 in line with cent while compared with the equal period a yr in advance, even as unit launches fell by means of over 56 consistent with cent for the duration of the same length, the Survey stated. consistent with the Survey, the...

This is the team that will spearhead what will essentially be the Prime Minister's vision document for 2019 BUDGET NEWS      :    As the Narendra Modi government presents its fifth and final Union Budget before the 2019 polls, this is the team that will spearhead what will essentially be the Prime Minister’s vision document for 2019 and beyond along with Finance Minister Arun Jaitley . Adhia was designated finance secretary when Ashok Lavasa retired in October. The senior most official in handling GST, he still has a lot on his platter as he looks to ensure revenue buoyancy, while removing the complications arising from the new levy’s less-than-perfect roll-out. He is also one of the masterminds behind demonetisation. Adhia is a strong contender to be the next Cabinet secretary. A 1983 batch Rajasthan cadre officer, Garg took over as economic affairs secretary in June, after the retirement of Shaktikanta Das . Garg was World Bank ex...

120 million youth are in 14-18 age group; survey covered more than 28,000 youngsters from 26 rural districts across 24 states LATEST NEWS :  About 60 per cent of the rural youth have never used a computer or accessed internet; 57 per cent cannot solve a division problem; 40 per cent struggle to tell time in hours and minutes, while around 14 per cent of them cannot measure length using a reference scale properly, the 2017 annual status of education report (ASER) on assessment of youth in the age group 14 to 18 years, facilitated by Pratham education foundation has found. In less simple tests of ability, only 54 per cent could understand three out of four instructions written on a food packet, and further down the complexity line, only 38 per cent could find a particular count after applying a discount, and only 15 per cent could calculate a loan repayment amount exercise. However, there is a huge difference between youth who have completed more than eight years of educ...

Chief Economic Adviser Arvind Subramanian will be a permanent special invitee in the task force LATEST NEWS :  The government on Wednesday constituted a task force for redrafting the 50-year old income tax law in sync with the economic needs of the country. The six-member task force will have Arbind Modi, CBDT Member (Legislation) as the Convener and other members, including Girish Ahuja (chartered accountant), Rajiv Memani (Chairman and Regional Managing Partner of EY) and Mansi Kedia (Consultant, ICRIER). Prime Minister Narendra Modi, during the annual conference of tax officers in September, had observed that the Income-tax Act, 1961 was drafted more than 50 years ago and it needs to be redrafted. "Accordingly, in order to review the Act and to draft a new direct tax law in consonance with economic needs of the country, the Government has constituted a task force," a finance ministry statement said. The task force will submit its report to the go...