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272 posts







The Prime Minister addressed the nation today to claim sole ownership of the amendments made to the GST regime by the GST Council, a constitutional body. The Indian National Congress has long argued that the GST has been a Growth Suppressing Tax. It is plagued with a high number of tax brackets, punitive tax rates for items of mass consumption, large-scale evasion and misclassification, costly compliance burdens, and an inverted duty structure (lower tax on output as compared to inputs). We have been demanding a GST 2.0 since July 2017 itself. This was a key pledge made in our Nyay Patra for the 2024 Lok Sabha Elections. The current GST reforms are inadequate. Outstanding issues include – • The widespread concerns of MSMEs - the major employment generators in the economy - must be addressed meaningfully. Apart from major procedural changes, this involves further increasing the thresholds that apply to interstate supplies. • Sectoral issues that have surfaced — for instance in textiles, tourism, exporters, handicrafts and agricultural inputs — must be tackled. • States should be incentivized to move towards the introduction of state-level GST to cover electricity, alcohol, petroleum, and real estate as well. • The key demand of the states made in the true spirit of cooperative federalism — namely, the extension of compensation for another five years to fully protect their revenues— remains unaddressed Whether this round of GST changes--delayed by 8 years--will actually boost the private investment that is essential for higher GDP growth remains to be seen. Meanwhile, the trade deficit with China has doubled in the last five years to cross $ 100 billion. And Indian business is crippled by fear and oligopolisation that is leading many to resettle abroad.






“AI will take your jobs” Meanwhile the job I aspire to have:


उम्र सिर्फ नंबर है, 79 साल के Trump ने दुनिया को हिलाया हुआ है, 74 साल के मोदी ने भारत को जगाया हुआ है, 72 साल के पुतिन ने सब को छकाया हुआ है, 72 के शी जिनपिंग ने सब को सताया हुआ है, 86 साल के ख़ामेनेई ने सब को पकाया हुआ है.




JUST IN: OpenAI has won a $200 million contract with US Department of Defense