Amidst deliberations over the proposed multi-rate structure of the Goods and Services Tax (GST), Niti Ayog Vice Chairman Arvind Panagariya has come out in full support of the move saying the regime will help curb any possible rise in inflation and loss in income.
The Union Budget will now be an early affair as the government has decided to present it on February 1. This announcement has come just a day before the start of the winter session of Parliament, to be held from November 16 to December 16, which is generally convened in the 3rd or 4th week of November.
Putting spotlight on structural reforms in India, NITI Aayog Chief Executive Amitabh Kant on Thursday said that the country has taken a series of steps including the GST enactment and demonetisation of 500 and 1000 rupee notes with a focus to achieve sustainable growth rate of 9-10% in the coming three decades.
NITI Aayog CEO Amitabh Kant said on Friday that shortage of cash due to demonetisation of high denomination bank notes will end by middle of January 2017.
Ports can act as a catalyst for India to achieve a consistent growth rate of 10% per cent, NITI Aayog CEO Amitabh Kant said.
Addressing a workshop organised by the Ministry of Shipping under the Sagarmala programme on 'Accelerating Sagarmala Implementation, Engaging with States', Kant said that the Sagarmala programme is a game-changer.