The Goods and Service Tax (GST) was brought into force in July 2017 with the objective of bringing uniformity in the taxes on goods and services replacing multiple indirect taxes viz.
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Defence Sector of India has experienced a vast Growth in past 5 years. India has the third largest armed forces in the world which also reflects in its budget – ranked fourth after US, China and UK. This year, the government proposed a total budget allocation of INR 2,74,114 crores for FY 2018 which was up 6.2% from INR 2,58,589 crores allocated last year.
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Good news is underway for Indian Economy as India has emerged as the fastest growing major economy in the world as per the Central Statistics Organisation (CSO) and International Monetary Fund (IMF) and further, as the short term disruptions caused by major reforms such as the Goods and Services Tax (GST) and demonetization recede, the economy is on the rebound and is likely to achieve higher growth targets.
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After breaking into top 100 on the World Bank’s Ease of Doing Business Index under the Narendra Modi era last October, India has marked a similar success on United Nation’s E-Government Index.
Continue reading Agricultural Sector of IndiaAgricultural Sector of India has made a lot of progress since independence in terms of growth in output, yields and area under many crops. It has gone through a green revolution, a white revolution, a yellow revolution and a blue revolution.
Continue reading Ease of Doing Business in India State Rankings: Andhra, Telangana, Haryana ranked as Top Three StatesThe rankings, jointly prepared by the World Bank and DIPP, serve as a check-list of sorts for evaluating states on a 340-point Business Reform Action Plan, between the period of July, 2016 and July, 2018.
The Food Processing Industry is experiencing unparalleled growth fueled by the growing food demands of Indian population and exciting opportunities in the retail sector.
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