Tag: GST

GST is Goods and Services Tax, but in reality it is Good and Simple Tax:PM Modi

- by India Writes Network

In a historic move that could prove to be a game-changer for India’s economic fortunes, Prime Minister Narendra Modi underlined that GST will enhance the ease of doing business and help create a New India. The path-breaking tax reform was launched just after midnight by the PM Modi and President Pranab Mukherjee.
Addressing the nation at the Central Hall of Parliament ahead of the GST launch at midnight, PM Modi said GST will not only ease the process of doing business but will also improve the way of doing business.It will play an important role in achieving the goal of New India, scope of GST is unlimited to financial system, India will now move in a new direction, after the introduction of GST things will become easier for them.

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Modi trumpets ‘Incredible India of credible policies’ in Tokyo

- by Manish Chand

Kindling the India growth story anew on a wet and rainy day in the Japanese capital, Prime Minister Narendra Modi underlined the centrality of India-Japan relations in Asia’s emergence and pitched for more enhanced investments from Asia’s second largest economy.

The conference hall at Keidanren, the seat of Japan’s all-powerful corporate body, was buzzing with energy and enthusiasm as Mr Modi addressed a galaxy of top Japanese leaders and highlighted a set of steps taken by his government which have made India the world’s most attractive investment destination.

“Today, India is on the path of several major transformations. We have taken decisive steps and built a governance system that will help India realize its potential. The results are already visible,” Mr Modi said.“Today, India is on the path of several major transformations. We have taken decisive steps and built a governance system that will help India realize its potential. The results are already visible,” Mr Modi said.

“Even against a weak international economic scenario, the news from India is of strong growth and abundant opportunities. It is of Incredible opportunities, and about India’s Credible Policies.”

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China’s economic crisis: An opportunity for India?

- by India Writes Network

On August 24, India’s stock markets witnessed a Black Monday with the Sensex falling over 1,600 points. Panic did strike the markets and the depreciation of the rupee only added to the worries. India’s Finance Minister Arun Jaitley and Governor of Reserve Bank of India Raghuram Rajan came out to reassure the investors that it is only a temporary pain that India had to endure. Overall, the fundamentals were very strong and the market mayhem was more due to the ongoing economic crisis in China, they said.

In today’s global integrated markets any crisis in any part of the world is likely to impact markets world over. The impact of such a crisis on different markets varies from country to country, based on their exposure to the crisis-hit markets. China has been seeing its stock markets and real economy slump over the past few weeks. And when the world’s second largest economy took a hit and witnessed a steep fall in recent times, it was bound to create panic across the global markets.

China’s surprise move to devaluate its currency sent ripples across markets. The Shanghai Composite Index dropped 8.5 percent that led to sell off in stocks and commodities around the markets in the world. During the 2008 global financial crisis China was seen as a shock absorber and even India did well to weather the crisis at that point of time. Both the countries were cited as examples of resilience to global shocks worldwide.

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