Tag Archives: gst

IMF Brings Down India Forecast Post-Demonetisation

IMF Managing Director Christine Lagarde on Thursday said India growth forecast has been revised down to 7.2 percent for 2017 due to the impact of demonetisation, which had affected the credit lines and repayments situation in rural areas. Addressing a press conference, Ms. Lagarde said, "We had slightly revised down our projection as a result of the demonetization process that ...

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What’s Goods, Services Tax (GST) ?

Finance Minister Arun Jaitley on Friday moved a bill for debate and passage to amend the constitution and allow a single goods and services tax regime for the cuntry that will subsume all central and state levies and create a single Indian market. The Constitution (122nd Amendment) Bill, 2014, was placed before the Lok Sabha, the lower house of parliamment ...

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India’s GDP to grow 5.6% this fiscal, 6.4% in 2016, 7% in 2017: Predicts World Bank

The World Bank Monday said India’s GDP is likely to expand by 5.6 percent this fiscal. The World Bank’s “India Development Update” released in Washington DC on Monday said: “India’s economic growth is expected to rise to 5.6 percent in FY15, followed by further acceleration to 6.4 percent and 7 percent in FY 2016 and FY 2017.” It said identifying ...

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