ECONOMY | Why RBI should abolish the concept of foreclosure charges  

ECONOMY | Why RBI should abolish the concept of foreclosure charges  

By MADHU AGRAWAL | December 5, 2017 Reserve Bank of India in an RTI response dated 03.09.2009 had mentioned that RBI does not approve policy of foreclosure-charges on pre-payment of loans, but keeping short of issuing any directives. But subsequently foreclosure-charges in respect of home-loans were abolished by an RBI directive dated 05.06.2012 but only […]

Meghalaya CM terms GST as ‘Gabbar Singh Tax’; Questions NDA govt for complex tax policy

Meghalaya CM terms GST as ‘Gabbar Singh Tax’; Questions NDA govt for complex tax policy

Shillong, November 22, 2017: Chief Minister Mukul Sangma has said the collection of revenue under the Goods and Services Tax (GST) regime in Meghalaya could not be assessed properly due to the incapability of the system being put in place. Sangma, who is heading the Congress-led government, lashed out at the National Democratic Alliance (NDA) […]

One year of Demonetization, a surgical strike on black money which failed due to poor implementation!

One year of Demonetization, a surgical strike on black money which failed due to poor implementation!

by Subhash Chandra Agrawal | November 8, 2017 Objections were made, and rightly too, when higher demonization rupees 500-note was introduced for the first time in the year 1987, followed by re-introduction of rupees-1000 note in the year 2000 after being demonetized in the year 1978. No other advanced or sensible country has currency in units […]

ECONOMY | Eating out could get cheaper with 12 % reduction in GST

ECONOMY | Eating out could get cheaper with 12 % reduction in GST

NEW DELHI, October 18, 2017: Eating out is expected to get less taxing, with the GST Council likely to back a reduction in the levy on restaurants from 18% to 12% and withdrawal of the input tax credit facility available to eateries. The proposed change in the tax rate, discussed by a specially constituted group of state […]

Northeast India’s dream of Affordable Air Connectivity may never take flight due to GST

Northeast India’s dream of Affordable Air Connectivity may never take flight due to GST

October 14, 2017: The implementation of Goods and Service Tax (GST) Act has greatly affected the growth of aviation sector. Aviation sector is one of the growing sectors in India in the last decades and the Indian Aviation sector is ranked among the top ten market in the world. And it seems there is no reason […]

ECONOMY | Revitalizing the spirit of cooperative federalism in finding solutions to economic woes

ECONOMY | Revitalizing the spirit of cooperative federalism in finding solutions to economic woes

-By Subash Deb Since the BJP-led NDA government came to power at the centre, it has left no stone un turned in leveraging the potential of competitive cooperative federalism in its pursuit towards achieving inclusive development. NITI Aayog, which replaced the 64-year-old planning commission, has come across as the fine template for competitive cooperative federalism. […]