Free Press Journal
  • Bhopal: One Year Of Demonetisation: MSMEs and traders have divergent views

    Bhopal: The businessmen running Micro, Small, Medium Enterprises (MSME) have said that demonetisation has changed the track of Indian economy for better. But traders are of the view that centre’s move has ruined their trade, which will affect GDP. Prime Minister Narendra Modi had introduced demonetisation on November 8 last year. Though MSMEs stated that demonetisation has hit black money, the traders said it blocked the money from circulation and failed to

  • Note ban impact behind us, growth in sight: FM

    New Delhi : Finance Minister Arun Jaitley said on Tuesday that the impact of structural reforms is “behind us” and the early economic indicators point to an improvement. Structural reforms like demonetisation and the roll out of the Goods and Services Tax would have had some consequences but they will help the economy in the long run, he said. “Having undertaken two major structural changes which are extremely important for Indian economy,

  • A year after demonetisation, the hunt for elusive black money continues

    It’s been a year, since Prime Minister Narendra Modi has announced demonetisation, and we are still waiting for black money to be accounted. Well this reminds me of song from 70’s, ‘Kya hua tera vaada..’, where have promises gone, Mr Modi?

  • Bankers say note ban has been good for them

    Mumbai : A couple of days ahead of the first anniversary of demonetisation, bankers said on Monday that the move was good for them as it resulted in higher deposits and pushed digitisation at a faster pace. On November 8 last year, the Modi government demonetised Rs 500 and Rs 1,000 notes as part of its drive against black money, counterfeit notes and corruption. “For the banking sector, I would consider it


    New Delhi : Prime Minister Modi on Saturday promised relief to traders and small businesses in the Goods and Services Tax (GST) next week to cut down their tax and administrative burden.

  • PM Modi hints at more measures for businesses on GST

    New Delhi: Promising more measures to ease problems faced by small businesses due to GST, Prime Minister Narendra Modi today said a committee of state ministers has accepted most of the suggestions made by them and an announcement is likely in the GST Council meet next week.

  • GST to improve India’s business ranking further: PM Narendra Modi

    New Delhi: Prime Minister Narendra Modi today exuded confidence that India’s ease of doing business ranking will further improve next year when the impact of GST – the biggest tax reform – is taken into account. Modi said India has in three years jumped 42 places to break into top 100 countries on World Bank’s ease of doing business ranking. This ranking takes into account reforms initiated only till May-end and does not

  • Manufacturing PMI ‘stagnates’ in Sept

    The decline in manufacturing activity was mostly because of stagnation in new business as “negative impacts” of GST led to subdued demand.

  • India manufacturing PMI ‘stagnates’ in October

    New Delhi: Manufacturing activity in India slackened in October as new orders stagnated in the wake of subdued demand conditions, largely due to “negative impacts” of GST, a monthly survey said today.

  • Indore: GSTN a flop show, courtesy shoddy assessment, flawed software

    Indore: After massive failure of demonetisation, Goods and Service Tax (GST) too has proved that it was launched without improper assessment of the consequences. One of the major factors that has been an issue of serious concern and also, evoked enough nationwide outcry is the complexity in GST compliance, courtesy inefficient server of GSTN.

  • Rahul Gandhi and Narendra Modi

    Gujarat Elections 2017: Can Rahul Gandhi and Congress actually pull off an upset win in Gujarat?

    Indian electorate is always in an election mode and Indians celebrate every election ranging from panchayat to Parliament as some sort of festival and elections are deeply rooted in Indian ethos and culture. Ever since 1995, only one party has governed Gujarat and name of that party is Bharatiya Janata Party (BJP) which is coincidentally ruling the Centre as well. Gujarat might not be as big as Uttar Pradesh in terms of

  • GoM for 12% GST on AC eateries, composition scheme tax cut

    New Delhi: The Group of Ministers set up to make GST composition scheme more attractive today suggested lowering tax rates for manufacturers and restaurants under the plan to 1 percent. At present, while manufacturers pay GST at 2 percent, the rate for restaurants is 5 percent. Traders currently pay1 per cent. The GoM headed by Assam Finance Minister Himanta BiswaSarma has also suggested doing away with the tax rate distinction between AC