Looking at the final shape of the GST Bill, ideated with all good intentions, one is reminded of the quote: Good intentions are simply not enough. Our character is defined and our lives are determined not by what we want, say or think, but by what we do. - Michael JosephsonBy now the potential...
Afew days ago Arun Maira, author and management advisor, a former member of the erstwhile Planning Commission, appealed to a houseful of industrialists in Kolkata to consider job creation as their most important target. “Not merely think of ease of doing business, think of job creation...
The recent GDP data of CSO (Central Statistical Office) have caused sharp criticism among a section of economists and other observers, as it has shown only a marginal impact of demonetization in GDP in the Q3 of FY 2017-18. The IMF and RBI, among other organizations have slashed India’s GDP estima...
At a time when China, the world’s fastest growing economy till recently, has opted for the lowest economic growth target in over 25 years, pegging it at 6.5% in 2017-18, India’s GDP has grown at a healthy 7% in the fiscal third quarter belying grim forecasts inspired by the impact of demonetisat...
After the 3rd quarter’s results of the banking industry there has been an impression among a section of observers that the health of banking, particularly, the PSBs’, may turn better in the near future. Sixteen private banks’ growth of net profit has been down close to 14%, collective profit o...
After the immediate euphoria over the Budget is over Indian entrepreneurs, promoters, start-ups, and industrialists are not only concerned but are worried about the three draconian proposals of the Budget.First, the freedom to government officials to “Search/ Survey” with no accountability: Sect...
On the eve of stepping down from the gubernatorial post of the Reserve Bank of India, Dr. Raghuram Rajan underlined the need for some important changes in the financial market in India. An important one was to reduce the bank-dependence of the investors. As of now, the investors, particularly, the c...
Bariatric surgery (a keyhole surgery for obesity and diabetes) has increasingly become popular in our country because of its profound efficacy in managing severe obesity and diseases produced by it such as type 2 diabetes, heart disease, sleep apnea, arthritis, infertility, etc. Angrisani et al publ...
In a major move towards banking consolidation the authorities – the Union Government and the State Bank of India (SBI) Board- have decided to merge the associate banks with the SBI. The central board of directors of the SBI has already accorded its approval to the scheme of acquisition of the Stat...
G. ChoudharyThe Goods and Services Tax (GST) in some form is in place in over 150 countries. India is implementing a dual GST system, which is relatively uncommon. GST is found to be useful for the tax authorities because it has relatively low collection costs and is easy to administer as most of th...
