Auto sector gets relief but no word on cutting GST



The government on Friday announced several relief measures including deferring one-time registration fee, lifting the ban on purchase of petrol/diesel vehicles by its departments and allowing higher depreciation, but it remained non-committal on the demand for a reduction in GST rates.



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Modi brainstorms with Sitharaman on economic slowdown



Modi, after delivering his sixth straight address to the nation on Independence Day from the ramparts of the Red Fort in New Delhi, went into a brainstorming session with Sitharaman and all top officials in her ministry, sources privy to the development said.



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2019 shaping up as a summer and winter of discontent



With Indian companies still tackling the fallout of the triple shocks of demonetisation, a badly implemented GST and India’s shadow banking crisis, this trifecta of trouble has ensured that even in the aftermath of a clear victory for the Modi government, companies show little sign of kickstarting investment, points out Rahul Jacob.



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Did the Budget ignore the fiscal crisis?



‘The Budget numbers presented severely underestimate the magnitude of the unstated fiscal crisis that we went through in 2018-2019, which cannot be conceivably be fully reversed in 2019-2020,’ points out Rathin Roy, director, National Institute of Public Finance and Policy.



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