It is also important to see which states can finance a reasonable portion of their regular expenditure with their own revenue
The finance minister recently called her experience as the chairperson of GST Council humbling. After the initial teething troubles, GST completed five years last week. A peek into the journey so far
The Arun Jaitley Memorial Lecture, part of the Kautilya Economic, will be held on July 8 at Vigyan Bhawan
In an exclusive interview with BS, Sitharaman said the first quarter lethargy is something which the Centre and the states will have to work on
The top gainers were groups with a big play in industrial metals such as steel and non-ferrous metals
Average GST collections at Rs 1.51 trillion a month in the first quarter of the current financial year are much higher than the Rs 1.2 trillion derived from the Budget Estimates
In an exclusive interview with BS, Sitharaman says spend on capital assets may work better than sector-specific fiscal steps
Depreciation of rupee makes India's imports costlier, while on the other hand exports become attractive.
The Congress on Thursday latched on to a slip of tongue by Finance Minister Nirmala Sitharaman when she uttered "horse-trading" to take a swipe at the BJP, saying buying MLAs has become common
In the last five years, since its launch in July 2017, the GST journey has been difficult for both economic and political reasons. Read more on five years of GST in our top headlines
The rupee breached the psychologically significant level of 79 per dollar level for the first time ever on Wednesday and has also hit a series of new lows this month
The latest fifth edition of the Business Reforms Action Plan (BRAP), 2020, by the industry department did not rank states on the ease of doing business measures undertaken by them
Modi says Shinde has rich political, legislative, administrative experience
The real issue before taxation lies in identifying the Goose Point and the way goes through 'neutral goods'
Change in mindset has been brought on by Chief Economic Advisor V Anantha Nageswaran who has ensured that discussions on the economy are now much more data-driven and without bluster
For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including fuel cost
New rates for some items, removal of exemptions with effect from July 18
The GoM will have to submit report by July 15 and then the Council will meet either on August 1 or in the first week of August, says FM Sitharaman
Rate rationalisation will be critical
With two years being lost in the pandemic, states have sought an extension of this compensation mechanism