CPI(M) general secretary Sitaram Yechury on Thursday alleged that the Economic Survey is full of "bombastic" claims and "grandiose" declarations, but lacks basic facts.
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The GST Council is empowered to take all major decisions concerning amendments of GST under the GST regime. As far as indirect tax is concerned, the scope of the Union Budget is largely limited to proposing amendments to the GST law already recommended by the GST Council along with amendments about the Customs law. In this backdrop, here is what we hope from the Union Budget 2019:
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Print accounted for the second largest share of the Indian M&E industry with revenueof 30,550 crores in 2018 with a growth of 0.7%, according to the Economic Survey 2019.
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India is a country known for cultural, religious and linguistic diversity. The Economic Survey of India has tapped into this emotion to control tax evasion and willful defaults with the 'Doctrine of Pious Obligation'.
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Chief Economic Adviser K Subramanian Thursday seemed to rubbish his predecessor Arvind Subramanian claim of India overestimating its growth rate, saying that it is very hard to create a narrative which is different from the truth.
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