GST Rate Cuts ‘Too Little, Too Late’, Says Congress
The Congress party termed the reduction in Goods and Services Tax rates as “too little, too late” and said a lot more needs to be done to address concerns of people under the new tax reform measure.
“Too little, too late. Procedural reliefs will not compensate for messing with the basic architecture of GST by Modi government,” said Congress communications in-charge Randeep Surjewala.
Huge opportunity of adding 2 percent to India's GDP squandered away by GST mess and subsequent half baked rollbacks by panic stricken Modi government.Randeep Surjewala, Communications Head, Congress Party
Commenting on the GST Council's decisions in a series of tweets, Surjewala said, “Wish that the Prime Minister/Finance Minister could remove blinkers of arrogance to listen to the sane counsel of Rahul Gandhi, Manmohan Singh and P Chidambaram.”
While we appreciate the govt reducing GST rates in some segments, a lot more needs to be done to address concerns of the people. #GSTJumla
October 6, 2017The party said reduction in number of slabs and complexity of GST regime are yet to be addressed and these are critical for economy's long term health.
Congress spokesperson Kapil Sibal said, “I feel pained when someone tells you the truth, you say pessimism is being spread. We want that all the people of the country to get proper sleep but that is not happening.”
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
