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Showing posts with the label Modi govt

Budget session: Takeaways from Sonia's call to unite 17 parties against BJP

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Congress leader urges like-minded parties to bury differences, stand firm against saffron set-up; BSP turns deaf ear LATEST NEWS :    The opposition parties are prepared to assault the NDA authorities throughout the ongoing budget consultation of the Parliament. that allows you to formulate their strategy, they met on Thursday, which was chaired by Congress ex-president Sonia Gandhi. The leaders mentioned various problems consisting of Aadhaar be counted, rampant incidents of communal violence, unemployment, gasoline charge upward push. The meeting, on Thursday, was chaired by means of Congress ex-president Sonia Gandhi. Sonia entreated like-minded events to conquer nearby differences and join hands towards BJP on the Centre. "We have to altogether undertake a not unusual approach and approach each outside and inside Parliament... There may be variations amongst events in states, but there need to no longer be differences on country wide problems and we ...

India's economic woes piercing Narendra Modi's aura of invulnerability

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The fear is that Modi is already beginning to lean more heavily on that first leg of his, Hindu nationalism, now that his economic strategy is losing some of its sheen LATEST NEWS :  The immense popularity of Narendra Modi , India’s most dynamic prime minister in decades, has always rested on two legs: Hindu nationalism and his tantalising promises to build on the country’s go-go economy. That second leg is now looking a little shaky. In the last two years, India’s consumer confidence has plummeted, construction has slowed, the fixed investment rate has fallen, many factories have shut down and unemployment has gone up. Fingers are pointing at Modi. Just about all economists agree that two of the prime minister’s biggest policy gambles — abruptly voiding most of the nation’s currency and then, less than a year later, imposing a sweeping new sales tax — have slowed India’s meteoric growth. “Things have been worsening, worsening, worsening,” said Himanshu, an ec...

Consumers to get GST rate cut benefits; Cabinet nod for new panel

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Centre gives approval for the creation of the posts of chairman and technical members of the National Anti-profiteering Authority under GST LATEST NEWS : The Union Cabinet on Thursday approved setting up of a National Anti-profiteering Authority under the GST , as it seeks to ensure that consumers get the benefit of reduced prices under the new indirect tax regime. Union Minister Ravi Shankar Prasad said currently there are only 50 items which attract the highest tax of 28 per cent under the Goods and Services Tax (GST) regime and rates on many items have been cut to 5 per cent as well. "The National Anti-Profiteering Authority is an assurance to consumers of India. If any consumer feels that the benefit of tax rate cut is not being passed on, then he can complaint to the authority," Prasad told reporters after the Cabinet meeting. This reflects government's full commitment to take all possible steps to ensure benefits of implementation of GST to the...