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GST takes India closer to 8% plus gro...

Chalanachithram.com DB » New TF Industry Related » Archive through September 24, 2017 » GST takes India closer to 8% plus growth: World Bank « Previous Next »
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Saint
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Posted on Saturday, September 23, 2017 - 02:04 pm:       


Filmbuff:

Saint baa - why are you arguing with PR firms. On GST, a childhood friend of mine is a senior IRS officer, looking after the tech side of GSTN. They were pleading with the govt to delay GST roll out as the systems were not ready and even some basic processes were not detailed. But they had no choice. The govt. Drew a line in the sand. Anthe...the govt has this attitude to treat everyone ad an adversary ignoring advice, suggestions, logic - unless it comes out of Nagpur. Theera cut chesthe, economy nakinchesaru..btw all you NRIs should brace yourself for a rupee depreciation on your investments as the govt is going to go loose on fiscal policy, CAD debba thintadi, rupee slide will gradually happen




agree anani.....janala patience ni peaks lo testing....eppudoo appudu brk avuddi aa patience...
 

Discoveringself
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Posted on Saturday, September 23, 2017 - 01:37 pm:       


Filmbuff:

atharva vedam lo, nalugo adyayam lo, aaro slokam lo.




wow...what a joke...very funny...


Filmbuff:

meeru ala continue ayipondi...




nissandehamgaa......always vote for hardwork than any harvard or stanford.........chettu peru cheppukuni kaayalammukuney pappus or pappu fans/apologists can enjoy their chip on the shoulder......

capable ppl with gud intentions and hardwork might stumble a bit...but if u r betting against such capable ppl.....sad state of mind......some administrative lapses ni pattukuni....Modi meeda yedupu meeru continue cheyyandi....

we will talk next year.....may be you have grt insights into future and you r right in your assessment........I really doubt you have.......we will see
 

Filmbuff
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Posted on Saturday, September 23, 2017 - 12:39 pm:       


Discoveringself:

who cares about Amartya and other bookish biased idiots




Hard work is greater than Harvard annaru kadha - atharva vedam lo, nalugo adyayam lo, aaro slokam lo...meeru ala continue ayipondi...
 

Shikari
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Posted on Saturday, September 23, 2017 - 12:07 pm:       


Junior_no1:

GST aka gujrat special tax



http://i.imgur.com/eUYcc.gif
 

Andhravodu
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Posted on Saturday, September 23, 2017 - 12:06 pm:       


Gandhiguevara:

middle class raktham jalagallaa peelchi


gst mundu evaru middle class raktham peelchaledu kada annai
 

Junior_no1
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Posted on Saturday, September 23, 2017 - 12:04 pm:       

GST aka gujrat special tax meeda disco waste

Raka rakala taxulu club sesi GST ani baga ettaru puvvu
greatest invention ever by God- Admin
 

Discoveringself
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Posted on Saturday, September 23, 2017 - 11:57 am:       

It was expected the economy will face hurdles for a quarter or two after demonetization.........and predicted by RW economists...........who cares about Amartya and other bookish biased idiots and kadupu manta batch.......with hidden agendas .....

lets see next year.....some how all the anti-Modi brigade will eat a humble pie anipistondi........ofcourse they will find some thing or other to crib about.....but all these nanganaachi yedupulu about economy failure will not be easy at that time..........have all the fun while you can......
 

Giriqwert
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Posted on Saturday, September 23, 2017 - 11:49 am:       


Gandhiguevara:

middle class raktham jalagallaa peelchi


sookshmam
 

Gandhiguevara
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Posted on Saturday, September 23, 2017 - 11:00 am:       

Vampire fund... middle class raktham jalagallaa peelchi bullet trains konukkune dagulbhajapa tax
 

Vishvak
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Posted on Saturday, September 23, 2017 - 10:54 am:       


Filmbuff:

delay GST roll out as the systems were not ready and even some basic processes were not detailed


So tappu ready cheyyalekapoina adhikaruldi... Modi intentions are good, officers chedagottaru...

Vi veri universum vivus vici
 

Chanakya
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Posted on Saturday, September 23, 2017 - 12:35 am:       


Awara1984:

Refund ante tax loss ane argument wrong




for business which run on thin margins. this advancement of money getting locked for more duration will have huge impact ani kavi baavam. Already SMEs suffer from late payments ante ipudu idhi additional burden avutundi
No one is going to tell you the truth. They’re only going to tell you their version! ~Julian Assange
 

Filmbuff
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Posted on Saturday, September 23, 2017 - 12:10 am:       

Saint baa - why are you arguing with PR firms. On GST, a childhood friend of mine is a senior IRS officer, looking after the tech side of GSTN. They were pleading with the govt to delay GST roll out as the systems were not ready and even some basic processes were not detailed. But they had no choice. The govt. Drew a line in the sand. Anthe...the govt has this attitude to treat everyone ad an adversary ignoring advice, suggestions, logic - unless it comes out of Nagpur. Theera cut chesthe, economy nakinchesaru..btw all you NRIs should brace yourself for a rupee depreciation on your investments as the govt is going to go loose on fiscal policy, CAD debba thintadi, rupee slide will gradually happen
 

Awara1984
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Posted on Friday, September 22, 2017 - 11:43 pm:       

Refunds adigite disaster Ela avuddi?

Refund annaru ante vallu already pay chesaru anattu, govt has to check this so it takes time

Refund ante tax loss ane argument wrong
 

Vishvak
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Posted on Friday, September 22, 2017 - 08:13 pm:       


"Describing Indian economy to be in a period of "dense fog", Credit Suisse today said structural reforms including GST has introduced significant uncertainties related to growth, fiscal health, inflation, currency and the banking system in the country, for the near term.
Credit Suisse' India Equity Strategist Neelkanth Mishra told reporters here that the "Indian economy is going through a period of dense fog" with uncertainty of macro-economic variables by itself is likely to impede in ..

Read more at:
http://economictimes.indiatimes.com/articleshow/60497352.cms ?utm_source=contentofinterest&utm_medium=text&utm_campaign=c ppst"

Vi veri universum vivus vici
 

One
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Posted on Friday, September 22, 2017 - 06:03 pm:       

See how money he spent on gujji.
PK fan
 

One
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Posted on Friday, September 22, 2017 - 06:02 pm:       


Saint:


exactly. He Is crazy. Every thing should long term plan smoth transition. Not looking ke pulling legs overnight
PK fan
 

One
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Posted on Friday, September 22, 2017 - 06:00 pm:       


Teluguhero:


asbper election promise should not increase tax. Here’s thry put tax left and right. Where they spending? Don’t tell me shit like gdp. Speedbtrain etc
PK fan
 

Saint
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Posted on Friday, September 22, 2017 - 05:58 pm:       

Janalu chasthe chavani, future lo gold plates lo thintaru ane logic edi vundoo barbarious...
 

One
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Posted on Friday, September 22, 2017 - 05:57 pm:       

Where exactly gov spending all this money???
Oil rates. Big money
Money decom. Big money
Gst huge money
Where they spending?? I don’t see anything new an.
What different from congress? Even though strong Modi supporter. I don’t see anything good for ppl other than putting them on dust
PK fan
 

Saint
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Posted on Friday, September 22, 2017 - 05:52 pm:       


Andhravodu:


antha optimism only fee parties kena? Not for all?

Lives r lost! Jobs r lost! And impact is much more annappdu , govt shud plan execute much carefully.

There were bigger changes implemented in the past without giving big pain to ppl becoz efficient ppl at work... now due to inefficient idiots, we have to show optimism..
 

Andhravodu
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Posted on Friday, September 22, 2017 - 05:05 pm:       


Saint:

things not gojng good but still do u thigh slap? Or boast , give daily one new reason ...?


missing forest for trees antaru ila aite. Think big, ee implementation details ivala kakapote next month ki clear avutayi
 

Vijayy
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Posted on Friday, September 22, 2017 - 04:59 pm:       

CBN eppudo cheppadu... Modi copy kottadu
 

Saint
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Posted on Friday, September 22, 2017 - 04:56 pm:       


Andhravodu:

efunds which is not happening for 2 months
ee temporary hiccups will continue forever? bamacare files transmission bad ani system implmenet kaaleda?


tgat shows irresponsibilty of the govt.. ignorance of government.. ppl will finally change the govt....
things not gojng good but still do u thigh slap? Or boast , give daily one new reason ...?
 

Saint
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Posted on Friday, September 22, 2017 - 04:54 pm:       

What is manfacturing growth in last month? What is iip last month? This wint change based on site..typical nikkar logic
 

Andhravodu
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Posted on Friday, September 22, 2017 - 04:53 pm:       


Saint:

Exporters money struck with government and govt has to release the refunds which is not happening for 2 months


ee temporary hiccups will continue forever? bamacare files transmission bad ani system implmenet kaaleda?
 

Teluguhero
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Posted on Friday, September 22, 2017 - 04:50 pm:       


Saint:

https://scroll.in/article/850981/log-in-error-missing-data-m ultiple-deadlines-gst-is-tripping-up-on-technical-glitches




LOL you dont consider International organization like OECD optimistic about India's growth.

But you quote anti modi site like scroll.in and also you will find many articles in other anti modi sites like The wire.in,Quartz,Dailyo,Hufffpost India,NDTV,rediff etc
 

Saint
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Posted on Friday, September 22, 2017 - 04:48 pm:       

asala siggu eggu vadilesi demon success GST success ani ela pracharam chsukuntaru? kallamundu GDP intha sankapoyi kanipishta vunte? complete ga siggu saram anni vadilesi nattu vunnaru...or bullying chesthe janalu mattadaru anukuntunnattu vunnaru...janalu cheppu tesukoni kotte roju enthooo dooram lo ledu ee govt ni

(not specific to this thread)
 

Saint
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Posted on Friday, September 22, 2017 - 04:46 pm:       


Teluguhero:



The Reserve Bank of India (RBI) on Friday said the ongoing accelerated reform initiatives like goods and services (GST) and continuing political stability will push the economic growth scale to 7.3% in terms of gross value added (GVA) in the current fiscal year.

�Going forward, reforms in FDI and real estate sector, implementation of GST, and revival in external demand are likely to contribute to a better growth outlook. GVA growth is expected to be higher at 7.3% in 2017-18,� the FSR said.





Real GDP growth in India continued to slide in Q2, slowing for the fifth consecutive quarter. With inflation also low, the Reserve Bank of India likely has scope to cut interest rates further in the months ahead.
Growth, Inflation Go Lower; Policy Rate Likely to Follow

Recently released data showed that real GDP in India rose 5.6 percent on a year-ago basis in Q2-2017 (top chart). Not only did the outturn represent a slowing in growth from the 6.1 percent rate that was registered in the first quarter, but it fell significantly short of the figure that was anticipated by the consensus forecast.

Q1 6/Q2 5.5 vasthe FY mothaniki 7.3 ravali ante Q3/Q4 entha ravali? It is highly unlikely gdp will hit 7 this FY.
 

Saint
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Posted on Friday, September 22, 2017 - 04:44 pm:       


Andhravodu:

adjustment period ani untadi for major changes. As long as fundamentals are there, economy ekkadiki ellipodu, once the initial changes are complete. GST veyadam valla India productivity padipotundi ante major comedy or dabba wala logic




U dont understand or u lack financial knowledge...

Exporters money struck with government and govt has to release the refunds which is not happening for 2 months...Apart from this reason, Due to lack of liquidity, spending will go down, firms cut costs, reduce production,& employment and every other sector will have a cascading effect. Total economy will bite the dust and starting the whole wheel is again not easy.

Demon is the biggest blunder ..GST proper testing/ planning/ action team lekunda hadavudi ga chesaru....just like Obum care...Obum care just insurance kabatti pedda farak padaledu...idi total Economy ni M kudipese event ki antha negligance ga execute chesaru
 

Teluguhero
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Posted on Friday, September 22, 2017 - 04:40 pm:       


Saint:


that was before GST impl...Now whats the forecast...




The Reserve Bank of India (RBI) on Friday said the ongoing accelerated reform initiatives like goods and services (GST) and continuing political stability will push the economic growth scale to 7.3% in terms of gross value added (GVA) in the current fiscal year.

“Going forward, reforms in FDI and real estate sector, implementation of GST, and revival in external demand are likely to contribute to a better growth outlook. GVA growth is expected to be higher at 7.3% in 2017-18,” the FSR said.
 

Saint
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Posted on Friday, September 22, 2017 - 04:40 pm:       

https://scroll.in/article/850981/log-in-error-missing-data-m ultiple-deadlines-gst-is-tripping-up-on-technical-glitches
 

Saint
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Posted on Friday, September 22, 2017 - 04:39 pm:       

Nikkar gallu Demon entha money back vachindi anedhi seppataniki SUSU posukunnaru...oppostion janam thooo ani voostharu ani

RBI Annual report lo cheppaka tappaledu kabatti, chepaka DLMS seppukunta, bhakths sites lo +ve articles rasukunta jabbalu kottukunta thiruguthunnaru

GST is a diaster, I can share 1000 articles about it....Indian economy ni successful ga single chetthoo M kudpinchi nanduku gold medal ivvochu

Each % point GDP lost ~ 2L crores...

Demon meeda esina flip flops GST meda kooda vestharu....

DLM emi chepthunnaru ante

Because of heavy rush of return filing at Income Tax portal,system work avvatam ledu ani

There is no heavy rush @IncomeTaxIndia e filing website is not working/ malfunctioning sine a week now

GST site stops running

http://economictimes.indiatimes.com/news/economy/policy/conf usion-among-traders-as-gst-filing-site-stops-functioning/art icleshow/60132440.cms

If the network/systems have to be planned for next 5-6 years, nikkars got it for 2-3 years volumes..even then it fails...
 

Andhravodu
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Posted on Friday, September 22, 2017 - 04:34 pm:       


Saint:

explain


adjustment period ani untadi for major changes. As long as fundamentals are there, economy ekkadiki ellipodu, once the initial changes are complete. GST veyadam valla India productivity padipotundi ante major comedy or dabba wala logic
 

Saint
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Posted on Friday, September 22, 2017 - 04:32 pm:       


Teluguhero:



OK

RBI report sees India�s economic growth rate at 7.3% in 2017-18




that was before GST impl...Now whats the forecast...monna FMOC lo emi decide chesaru?

Jetley gaadu GSTN meeting/other meetings enduku schedule chesadu? stimulus istham ani leaks enduku vadulutunnadu if all is deep WELLL ithe
 

Saint
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Posted on Friday, September 22, 2017 - 04:30 pm:       


Rgb:

Adhenti Tax receipts not upto expectations annaru


July lo 90k crores vachayi...tarvatha 60-80% refund requests vachayi...govt 1cr above refunds meeda analysis cheyyandi ani anni apesaru..taxes katti refund kosam wait chesthunna batch bootulu thittukuntunnaru dabbu struck ipoyindi ani...

govt ki vache taxes bokka padindi...plus refunds ivvatam GSTN disaster
 

Rgb
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Posted on Friday, September 22, 2017 - 04:26 pm:       

Adhenti Tax receipts not upto expectations annaru
 

Teluguhero
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Posted on Friday, September 22, 2017 - 04:22 pm:       


Saint:


RBI / GDP forecasts, not from chai shop




OK

RBI report sees India’s economic growth rate at 7.3% in 2017-18

http://www.livemint.com/Politics/mDoGijiCI2Eq7WmILCyxRO/RBI- report-sees-Indias-economic-growth-rate-at-73-in-2017.html
 

Saint
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Posted on Friday, September 22, 2017 - 04:21 pm:       


Andhravodu:

naaku last year pellaite ee year kooda ainattu kaadu. just saying




chai wala logic laga vundi..explain
 

Andhravodu
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Posted on Friday, September 22, 2017 - 04:19 pm:       


Saint:

GDP will hit all time time low in the last decade if going by the trends in Q2


naaku last year pellaite ee year kooda ainattu kaadu. just saying
 

Saint
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Posted on Friday, September 22, 2017 - 04:18 pm:       


Teluguhero:



LOL stats ? from anti modi sites ?




RBI / GDP forecasts, not from chai shop
 

Teluguhero
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Posted on Friday, September 22, 2017 - 04:17 pm:       


Saint:

stock market lo analysts market up avuta vunte roju buy call istha vuntaru...attanti batch seppina danni pattukuni voogalsina pani ledu




OECD Forecasting methods and analytical tools

http://www.oecd.org/eco/outlook/forecastingmethodsandanalyti caltools.htm


Saint:


India lost 1.5 years of precious time due to incapable/mindless government..idi ithe fact...stats are supporting this




LOL stats ? from anti modi sites ?
 

Shikari
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Posted on Friday, September 22, 2017 - 04:08 pm:       


http://i.imgur.com/eUYcc.gif
 

Saint
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Posted on Friday, September 22, 2017 - 04:06 pm:       


Teluguhero:


No I never said due to GST. After demeonitzation many experts predicted growth will be lower in 2017




mana FM gare seppinattu vunnaru kada...Demon impact ithe Q3/Q4 licked avvali...malla restarting cycle annattu Q1 to Q4 kaadu....

Teluguhero:



Organisation for Economic Co-operation and Development (OECD),founded in 1960 is an economic organisation having 35 member nations. The organisation releases data and reports that highlights economic practices and policies of various nations and the future of global and regional economic growth.




stock market lo analysts market up avuta vunte roju buy call istha vuntaru...attanti batch seppina danni pattukuni voogalsina pani ledu

Ground lo emi jarugthundi anedhi matter


India lost 1.5 years of precious time due to incapable/mindless government..idi ithe fact...stats are supporting this
 

Teluguhero
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Posted on Friday, September 22, 2017 - 04:03 pm:       


Saint:

recent ga GST valla ani cheppinattu vunnavu...demon was successful adn GST is the reason ani....malli demonitization vala antunnav...clarity vunda?




No I never said due to GST. After demeonitzation many experts predicted growth will be lower in 2017



Saint:

experts aa ? evaru? nikkar batch aa?





Organisation for Economic Co-operation and Development (OECD),founded in 1960 is an economic organisation having 35 member nations. The organisation releases data and reports that highlights economic practices and policies of various nations and the future of global and regional economic growth.
 

Saint
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Posted on Friday, September 22, 2017 - 03:54 pm:       

Dhed dimag gallani finance ministers chesthe inthe vuntadi...experts opinions tesukokunda oka planning paadu lekunda, nikkars nammukuni cheshte ittal twitter lo articles, fB promotions ye miguluthayi final ga
 

Saint
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Posted on Friday, September 22, 2017 - 03:53 pm:       


Teluguhero:


Expected after Demonitization.




recent ga GST valla ani cheppinattu vunnavu...demon was successful adn GST is the reason ani....malli demonitization vala antunnav...clarity vunda?

Teluguhero:



LOL thats your opinion,Check below link for experts opinion.

OECD report says India's GDP growth will overtake China's in 2018.India�s economy to grow after a temporary glitch.

http://www.moneycontrol.com/news/india/oecd-report-says-indi as-gdp-growth-will-overtake-china-in-2018-2393773.html




experts aa ? evaru? nikkar batch aa?

What was the fastest growing emerging nation before Demonetization? who is now?

chelli ki malli malli pelli chesthara?

GDP will hit all time time low in the last decade if going by the trends in Q2
 

Teluguhero
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Posted on Friday, September 22, 2017 - 03:42 pm:       


Saint:

DP growth for Q1 is below 6 and Q2 wont be any different in fact it could be even worse..




Expected after Demonitization.


Saint:

Complete ga padukobettesaru Economy ni...Demon & GST ani back to back...




LOL thats your opinion,Check below link for experts opinion.

OECD report says India's GDP growth will overtake China's in 2018.India’s economy to grow after a temporary glitch.

http://www.moneycontrol.com/news/india/oecd-report-says-indi as-gdp-growth-will-overtake-china-in-2018-2393773.html
 

Saint
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Posted on Friday, September 22, 2017 - 03:32 pm:       

ee bavilo?

Complete ga padukobettesaru Economy ni...Demon & GST ani back to back...

GDP growth for Q1 is below 6 and Q2 wont be any different in fact it could be even worse...

GST systems are horrible on par with Obama care...Ppl cant file their returns..even if they file, Money are struck...some 1.6L crores is struck with govt and due to this spending went down...

economy ni padukobettaru kabatti, steroid shot iddam anukuntunnaru like stimulus...

GST is a failure because lack of proper planning/proper testing and Vision.

It will take couple of quarters things to come back to normal state....Jetley ganni peeki dobbali first action item kinda
 

Andhravodu
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Posted on Friday, September 22, 2017 - 03:26 pm:       

Calling db che fans
 

Teluguhero
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Posted on Friday, September 22, 2017 - 03:24 pm:       

http://indianexpress.com/article/business/economy/gst-a-tect onic-shift-takes-india-closer-to-8-per-cent-plus-growth-says -world-bank-chief-4851599/

GST a tectonic shift, takes India closer to 8 per cent plus growth: World Bank

"Today India is at the brink of a possibility of moving into 8 per cent plus growth rate. Why? Because India has made a very bold step in integrating internally its nation into one market. So the shift into GST is a tectonic shift," World Bank India chief Junaid Ahmad said.

World Bank India chief Junaid Ahmad on Tuesday described GST as a “tectonic shift” in the country’s taxation policy which has increased the possibility of 8 per cent plus growth. India recorded a growth rate of 7.1 per cent in 2016-17 and 5.7 per cent in the first quarter of the current fiscal.
“Today India is at the brink of a possibility of moving into 8 per cent plus growth rate. Why? Because India has made a very bold step in integrating internally its nation into one market. So the shift into GST is a tectonic shift,” World Bank Country Head in India Junaid Ahmad said at an industry event.
If the Goods and Services Tax (GST) is implemented efficiently, the growth boost India will get is going to be huge, he said while addressing members of PHD Chamber of Commerce and Industry here.
The economic corridors of India will change and that will require change in transportation as well, he added.

“You (India) need systems of transport, particular multi-modal, in order to respond what GST is offering as one market. If GST is implemented efficiently, the growth boost that you will get from internal movements of goods is going to be huge,” he said.
Part of it (growth boost) lies in the implementation of the GST but it also depends on how the country invests in logistics, he added.
Ahmad said if integration of India’s local markets are done correctly, the gains in next 5-8 years from the internal integration will outweigh those from global integration (of markets).
“And indeed the internal integration linked to your port system can change the nature of growth of India,” he added.
However, he said it was pertinent for India to have a highly professional service delivery mechanism in every sphere of life, be it the water system, electricity, railway or solid waste management system. He said the optimal service delivery mechanism of basic infrastructure is one of the biggest challenges India faces today.

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