Budget may unveil a national warehousing grid to plug key gaps, Maharashtra model

The Centre is likely to announce a scheme for an integrated warehousing network in the Budget,2019. The aim of the scheme will be to operationalise a national warehousing grid’ to effectively integrate the highly fragmented warehousing market in India. The scheme is likely to be similar to Maharashtra where the government has kicked off a… Continue reading Budget may unveil a national warehousing grid to plug key gaps, Maharashtra model

IBC-type framework for NBFCs, simplified GST among several issues raised with Finance Minister

Finance Minister has held pre-budget discussions with the economists. The economists stressed on the need to (a)promote labour intensive sectors and (b)manufacturing through Make in India. Further,they also suggested simplification of GST,Insolvency and Bankruptcy Code(IBC)-type framework for NBFC,implementation of Direct Tax Code and constitution of independent fiscal policy committee. Economists also gave suggestions on tariff… Continue reading IBC-type framework for NBFCs, simplified GST among several issues raised with Finance Minister

Fiscal deficit in Jan. at 121.5% of full-year target

According to the data released by the Controller General of Accounts, Centre’s fiscal deficit touched 121.5 per cent(7.70 lakh crore) of the budgeted target of Rs 6.34 lakh crore for 2018-19 due to lower revenue collection. Fiscal deficit is the amount of money that the government needs to borrow in a given year because their… Continue reading Fiscal deficit in Jan. at 121.5% of full-year target