There is much talk of the proposed simplification of India’s complex GST regime. Prime minister Narendra Modi in his Independence Day speech, said, "…The government will implement next generation GST reforms which will bring down tax burden on the common man."
GST WAS LAUNCHED ON JULY 1, 2017 with the promise that it would transform the Indian economy. It was characterized as a second freedom since it would unify the nation. Eight years later, it is time to assess its performance. While the Prime Minister has lauded the tax, the Leader of Opposition in the Lok Sabha Rahul Gandhi, has criticised it since it marginalises the marginals.
Arun Kumar The Emergency provided a yardstick to rulers to justify their social and political acts of regression Vehicles move on a road near Turkman Gate in the Old Delhi area, seen ahead of the 50th anniversary of the Emergency…
GDP numbers released in the Press Note dated February 28, 2025 (henceforth referred to as ‘the document’) present four sets of data. They pertain to: (a) Quarterly Estimates of GDP for Q3 (October-December) of 2024-25; (b) Advance Estimates of Annual GDP for 2024-25;(c) First Revised Estimates (RE) of GDP and macro aggregates for 2023-24; and (d) Second Revised Estimates or Final Estimates (FE) for 2022-23.
Since February 1 when new tariffs were announced, there have been rapid flip flops on policy.
Donald Trump has characterised April 2, 2025 as ‘Liberation Day’ for the US because after he levied protectionist duties on imports from around the world. He had been threatening reciprocal tariffs on imports since taking office in January.