Better infrastructure networks and credit facilities are required to boost textile exports, suggests a new study.
New Delhi: The sluggish growth in goods and services tax (GST) revenue receipts, unless reversed quickly, could poke a ₹40,000 crore hole in central government finances by the end of this fiscal, analysts warned on Wednesday, even as a private survey showed India’s services sector growth lost steam in August from a month ago.
BATH - Leading fashion brands are undermining efforts to end worker exploitation in their own global supply chains by continuing to demand fast fashion at cheap prices, according to a new study.
CHANDIGARH: The Finance Department has released amount of Rs 97 corore to Industry Department, Punjab on account of GST and VAT refunds.
The sluggish growth in Goods and Services Tax (GST) revenue receipts, unless reversed quickly, could lead to a ₹40,000 crore shortfall by the end of the current fiscal, straining finances of the central government which is required to make good on states’ revenue loss, analysts at Credit Suisse have warned.
NEW DELHI: Ahead of the crucial Goods and Services Tax (GST) Council meeting on September 20, the finance ministry has begun crunching the numbers to estimate the revenue it would lose in the event of rate reductions aimed at boosting demand during the festive season.