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Even After Abolishing It, Centre Collected Over Rs 1,300 Crore Under Krishi Kalyan Cess -Dheeraj Mishra

Krishi Kalyan Cess (KKC) despite having abolished it, information received through the Right to Information has revealed. The Ministry of Finance had gradually disposed of several cesses with the Goods and Services Tax (GST) rollout, including the KKC which was abolished on July 1, 2017.   However, the Directorate General (Systems and Data Management) of the finance ministry’s revenue department has replied to an RTI

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The problem with cherry-picking data -Arun Kumar

been released officially) undermine the National Democratic Alliance government’s claims on job creation. In fact, they showed massive unemployment. Demonetisation and the implementation of the Goods and Services Tax, both of which undermined the unorganised sector which employs 94% of the workforce, have impacted employment. Data from the Centre for Monitoring Indian Economy (CMIE) and others have confirmed the loss of jobs. The NSSO and CMIE d

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YV Reddy, former Reserve Bank of India governor and chairperson of the 14th Finance Commission, interviewed by Roshan Kishore (Hindustan Times)

ework. The tenure of the Narendra Modi government has seen important changes in India’s fiscal federalism set-up such as the abolition of the Planning Commission (PC) and the roll-out of the Goods and Services Tax (GST). The 15th Finance Commission (FC) has to submit its report in October 2019, which will be another important event in the evolution of India’s fiscal federalism framework. It is in this backdrop that Hindustan Times spoke

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How the 16th Lok Sabha fared -MR Madhavan

e Speaker was unable to conduct a no-confidence motion but let the House pass the Act to bifurcate the State of Andhra Pradesh. Key legislation However, Parliament made some important laws. The Goods and Services Tax was implemented and the bankruptcy code was enacted. The IIM Act gave premier management educational institutions a level of autonomy not available to other public educational institutions. The Juvenile Justice Act allowed children

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Cash in system surges: Informal sector's back? -Mayur Shetty

e on January 18, 2019, way above the pre-demonetisation high of Rs 17.97 lakh crore. The increase in currency usage points to a recovery in 'informality' in the economy as the government goes easy on Goods and Services Tax compliance and businesses continue using cash, according to Pranjul Bhandari, chief economist, India, HSBC. The acceleration of CIC since late-2017 has resulted in leakage of liquidity from the banking system, said Bhandari, who

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STREANH in numbers -James Wilson

45-year high. For a government which came to power on the back of a promise to create two crore jobs, that is a lot of egg on its face. It is also evidence of how demonetisation and a poorly-executed Goods and Services Tax (GST) wrecked the economy and created large-scale unemployment. Once the survey report got out, the government’s mandarins scrambled to explain away the findings. More blogger than minister, Arun Jaitley brushed it aside as

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Dr. Himanshu, associate professor at Jawaharlal Nehru University, interviewed by M Rajshekhar (Scroll.in)

p of 15-29 years rose from 5% in 2011-’12 to 17.4%. The report corroborated what the government’s critics have been saying – that demonetisation and the ham-handed rollout of the Goods and Services Tax have resulted in large job losses. In a press conference called on Thursday evening, the government hit back. It claimed other datasets – like that of Employees’ Provident Fund Organisation – show employment in the

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Goyal's budget has enough ammunition for Opposition -Devadeep Purohit

et, so far. And a closer look at the numbers throw up the answer. The receipt side clearly reveals that despite the tall claims by the Narendra Modi-government, the collections from the much-hyped Goods and Services Tax (GST) have been around Rs 1 lakh crore less than the projections Jaitley had made in his budget speech. If one falters on the revenue side, the share for the states has to be cut. The poor show on the GST front will also become h

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Aruna Roy, well-known social and political activist, interviewed by Jipson John and Jitheesh PM (Frontline.in)

ction. The rights-based laws are under attack as well, implicitly by reductionism and omission. The poor are reeling under ill-conceived and badly executed policies such as demonetisation and GST [Goods and Services Tax]. Their social security nets are starved of funds, and they are literally dying of starvation owing to the illegitimate push of Aadhaar. The concentration of power and fear of retribution and intolerance of dissent are so acute that

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Farmers bear the burden of deflation -Harish Damodaran

-The Indian Express Demonetisation, coupled with daily limits on cash transactions and fear of being tracked by revenue authorities post the Goods and Services Tax regime, have made traders less inclined to purchasing and stocking up produce during the harvest season. The defining feature of Indian agriculture in the last five years — much of it under the Narendra Modi government’s tenure — has been low prices for farm produ

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