3 April | Various sources
GDP: “Indian economy is expected to grow at 7.2 per cent in 2017 and at the rate of 7.7 per cent in 2018,” Hon Finance Minister Arun Jatley. Read more on his insights here.
Economy: There is great opportunity that now faces India. In India, with 1.3 billion consumers it has tremendous opportunity to take advantage of that,” he said, pointing to the developments in the domestic economy , including massive digitization – Martin Feldstein. Read more on what the noted economist has to say here.
GST: As the Indian Economy goes into overdrive to prepare for GST with a little over three months to go, the industry has witnessed great traction and the ambiguity that surrounded the implementation of the new indirect tax legislation is slowly diminishing. In order to ensure the smooth passage of the GST, the government has set up 10 working groups under the guidance of senior tax officials to examine the concerns of industries such as banking, financial and insurance sector, telecommunication, information technology, transport & logistics, exports, textile, oil & gas, gems & jewellery, government services, micro, small & medium enterprises and submit a report on April 10, 2017. Read what it really means here.
Finance: “Physical banking in India is almost dead and it is adopting pervasive technologies with such an accelerated pace that in next three to four years, the digital transactions would move through mobile wallet and biometric modes,” says Niti Aayog CEO Amitabh Kanthe. “Credit cards, debit cards and ATMs will disappear.” Read his insights here.