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Showing posts from January, 2022

14 things India wants from Nirmala Sitharaman's Budget

14 things India wants from Nirmala Sitharaman's Budget   Follow us on -  LinkedIn  - https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/   While India is rebounding at the quickest pace among major economies this year, finance minister Nirmala Sitharaman will need more than just stimulus to keep this run sustainable. A string of state polls next month and a Covid variant only makes her task challenging. Here are the 14 expectations economists, companies, tax experts and India's salaried class have from Sitharaman's February Budget. 1. Economists are rooting for a gradual fiscal consolidation path, capital expenditure to pursue growth and steps to rein in inflation. The year-on-year projection of fiscal deficit should not be significantly large, they feel. They want the FM to take capex route,...

GST Council unanimously decides to defer GST hike in textiles from 5% to 12%

GST Council unanimously decides to defer GST hike in textiles from 5% to 12% Follow us on -  LinkedIn  - https://www.linkedin.com/in/aseem-aggarwal-1b365549/ Youtube  -  https://www.youtube.com/user/aseemaggarwal92 Twitter  -  https://twitter.com/aseem252 Blog  -  https://aseemconsult.blogspot.com/   The GST Council has unanimously decided to defer the GST hike in textiles from 5 per cent to 12 per cent. More to come during a media briefing by the finance minister at 3:00 pm. In a relief to the textiles industry, the GST Council, on Friday, has unanimously decided to defer hike in GST on textiles from 5 per cent to 12 per cent. However, the matter is to be discussed again in the next Council meet for future roadmap. The decision came as the Finance Minister Nirmala Sitharaman is chairing the 46 th  meeting of the GST Council today. Union Finance Minister is to address a media briefing on the outcomes of the meeting at 3:00 PM (tentative)...