I found this:Gus wrote:Trying to find that graph that showed the infra spending vs subsidy burden that was running bad in UPA2 and recovering now? help!
Agree with u. Not much talked about but in my opinion this is the most important thing to happen since this govt came to power. Master stroke from the grand master Modi.This may also help in re-election of this BJP govt which is critical for India.Rahul M wrote:the most important scheme that the above article missed is the Jan Dhan, that's a true game changer even if only 50% of those with new a/c's are BPL.
On Thursday, Odisha passed the Goods and Services Tax (GST) constitutional amendment bill — officially called, The Constitution (122nd Amendment) (GST) Bill, 2014. It became the 16th state to ratify it paving the way for presidential assent of the Bill, which is crucial for roll out of GST.
Two old school subsidy schemes are still alive and the plans to replace them don't seem to be very successful:snahata wrote:Agree with u. Not much talked about but in my opinion this is the most important thing to happen since this govt came to power. Master stroke from the grand master Modi.This may also help in re-election of this BJP govt which is critical for India.Rahul M wrote:the most important scheme that the above article missed is the Jan Dhan, that's a true game changer even if only 50% of those with new a/c's are BPL.
The fundamental difference between GDP and GVA is net indirect taxes (indirect taxes minus subsidies). The growth in indirect taxes is not as high but that was expected. The major change is indeed in subsidies, which have shown growth of 53 per centin Q1 vis-a-vis a decline of 26 per cent in the same quarter last year. The first quarter saw announcement of over 40 per centof budgeted subsidies, resulting in the divergence. This has happened in the past, too. Both tax revenue and government expenditure are subject to administrative decisions. The annual figures reflect overall economic activity but the quarterly disbursal is, to some extent, administrative.
I suggest you read the analysis of the bill in full here. There's no longer a GST bill. It's now officially the 122nd Constitutional Amendment, barring the near non-existent chance that the President will exercise a pocket veto.ricky_v wrote:sir, is the gst constitutionally valid? because it's committee to decide upon the rate and act as the authority infringes on the sc's power of jurisdiction of arbitration between centre and states or between two and more states(barring water tribunals), while at the same time concentrating power at the centre instead of devolving it mandated as per the directive principles(though they are non enforceable)
With that logic., SC an as well countermand the election results. After all EC is a constitutional authority and SC can say that EC did not fulfill its constitutional role and countermand all elections and usurp power! But that is not gonna happen., since SC itself comes from constitution!ricky_v wrote:sir, the sc can nullify any amendment it deems to be in violation of the basic structure of the constitution. The separation of powers is considered to be a basic part of the constitution and the committee that would be formed would combine legislative,executive and judicial powers thus violating the basic structure.
Take a step back and think through what you just suggested. The national representatives of the country implement an amendment, approved by 2/3rds majority of both houses of parliament after almost 15 years of careful debate at the central and central-state level. Once passed, it has subsequently been ratified by more than half the state within a month . You are therefore implying that all these elected representatives at the central and state level have consciously chosen to pass an amendment against 'the basic structure of the constitution' ?ricky_v wrote:sir, the sc can nullify any amendment it deems to be in violation of the basic structure of the constitution. The separation of powers is considered to be a basic part of the constitution and the committee that would be formed would combine legislative,executive and judicial powers thus violating the basic structure.
the parliament has overriding power to create taxes and set rates, SC's arbitration power does not extend to deciding tax rates. in any case it is not infringed upon by the GST. it can still arbitrate on GST etc, although it is debatable if SC should poke its nose into executive sphere.ricky_v wrote:sir, is the gst constitutionally valid? because it's committee to decide upon the rate and act as the authority infringes on the sc's power of jurisdiction of arbitration between centre and states or between two and more states(barring water tribunals), while at the same time concentrating power at the centre instead of devolving it mandated as per the directive principles(though they are non enforceable)
NEW DELHI: Investments worth Rs 20 lakh crore, more than 500 projects - that's what a key group in the PMO is focussing on. The Project Monitoring Group (PMG) that works under the Prime Minister's Office has cleared 276 projects, stalled due to various reasons and accounting for investment of nearly Rs 10 lakh crore, in the last two years. Another 258 projects, with investment of more than Rs 10 lakh crore, will be cleared soon.
Roads, coal, power and railways comprise bulk of the projects while land and environment issues accounted for the majority of clearance hurdles. Roughly half the projects are public sector and the rest private plus PPP (public-private partnership).
If anyone has any doubts about R3, this alone will clear all those doubts. Seems Muslims has the "first right' of finance policy is the idea of R3.Arjun wrote:Raghuram Rajan's last hurrah: http://economictimes.indiatimes.com/new ... 012699.cms
According to the NPCI, RuPay card use at points of sale increased from 5.25 million transactions worth Rs 1,100 crore in 2014-15 to 18.62 million transactions worth Rs 2688 crore in April-July 2016.
President Pranab Mukherjee on Thursday gave assent to the Constitution Amendment Bill on Goods and Services Tax (GST). The move, paved the way for setting up of the GST Council that will make recommendations on the model GST Bill, rates and other important aspects to roll out the new indirect tax regime targeted for April 1, 2017.
Now, a mere procedural formality is left to put it on the official gazette to make the Bill an Act
"money bill" will cause some very intense itching in congi nether regionsSuraj wrote:Congratulations to the government for persevering so hard to bring the GST to fruition. The funny thing is that GoI moved with such rapidity on this recently that industry has been caught wrong footed, unprepared since they guessed that the GST would not come into force by Apr 1 2017, but which now seems all but certain. There's nothing more to do but pass a money bill setting the agreed upon rates.
India Inc unprepared for GST roll-out
Industry must gear up for GST era
Yes money has no religion.Gus wrote:my understanding of islamic banks is - its just different verbiage. instead of interests, they collect 'service charges'.
i could care less about private islamic banks as long as govt does not step in with cash infusion at lower rates than similar institutions.
