Nepal is in turmoil even though calm seems to have been restored with the army taking charge and installing an interim prime minister. Parliament has been dissolved and elections are to be held in six months.
The contrast is stark in the way US is negotiating with China and India. For India, a penal duty of 25% has kicked in for trade with Russia. This will be on top of the higher than expected tariff of 25%.
The demand will shift further from the unorganised to the organised sector. This, will accelerate the decline of the unorganised sector leading to loss of employment and incomes and decline in demand.
Arun Kumar The move’s adverse impact on the unorganised sector is likely to overwhelm its positive impact on the organised sector. The GST rate reduction on a large number of items seems appropriate. The GST Council unanimously agreed to this major rationalisation…
Arun Kumar A major issue in the estimation methodology used is the non-availability of data for the unorganised sector. It is proxied by a little bit of organised sector data. Representative image of an industry.Photo: Swastik Arora/Pixabay A press note…
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."