Tag: Economic Survey

GST rate of 3% on gold too low: Economic Survey

The Goods and Services Tax (GST) rate of 3 per cent on gold was low and needs to be increased as it is consumed by the “very rich”, feels Chief Economic Advisor Arvind Subramanian, the author of the Economic Survey. According to the Economic Survey Volume II 2016-17, tabled in Parliament on Friday, “The tax …

Continue reading "GST rate of 3% on gold too low: Economic Survey"

August 12, 2017

Delhi tax collection growth rate nears 21%

The tax collection in Delhi has grown at a rate of 20.84 per cent (estimate) in the current year, but its revenue surplus has come down, as per the latest Economic Survey of the national capital released on Tuesday. The city collected Rs 30,225.16 crores in taxes during 2016-17, it said. The corresponding figure in …

Continue reading "Delhi tax collection growth rate nears 21%"

March 7, 2017

Jaitley urges Centre-states consensus on UBI

Union Finance Minister Arun Jaitley on Monday said that the idea of universal basic income mooted by the Economic Survey was food for thought and added that the Centre and states need to develop a consensus on it. "It (universal basic income) is a thought for the future. Need a consensus between Centre and states," …

Continue reading "Jaitley urges Centre-states consensus on UBI"

February 6, 2017

Economic Survey reflects ‘sorry state’ of Indian economy: Congress

The Congress on Tuesday said the Economic Survey reflects the "sorry state" of Indian economy and the government is unable to find short or long-term solutions to the problems faced by it. "Indian economy is in doldrums and a downwards trajectory on account of massive mismanagement and misdirected experimentation of Modi government," Congress chief spokesperson …

Continue reading "Economic Survey reflects ‘sorry state’ of Indian economy: Congress"

January 31, 2017

Modi pegs GDP growth at 6.75%-7.5% in FY18: Economic Survey

India's economy is set to expand at least 6.75 per cent this year, still making it among the fastest growing nations globally, even though the recent demonetization poses a risk to total output, the Economic Survey said on Tuesday. The document, tabled in parliament, is a precursor to the Union Budget and details the economic achievements …

Continue reading "Modi pegs GDP growth at 6.75%-7.5% in FY18: Economic Survey"

January 31, 2017