One year after the Narendra Modi-led National Democratic Alliance (NDA) was voted to power with a landslide majority in the general elections, most of the country’s business leaders have said that the steps taken by the government in the past year will lead to a better investment climate and business potential for the country. The Piyush Goyal-led ministry of power, coal, new and renewable energy gets top billing from the business community, followed by the finance ministry led by Arun Jaitley.
The current tax regime is unfairly skewed against most producers. The implementation of GST will simplify the current tax system.
on May 19, 2015\"GST, which is being seen as a game-changer for the economy but is now stuck in the political sparring between the ruling party and the opposition, is seen as the single most important factor which could revive the economy. \" I doubt it. Unless india inc doesn\'t realise they have problem of their own which needs resolving, indian economy is not restarting. They have too much debt. GST will be passed in the next couple session and then what r they gonna blame for economic stagnation ? Govt. of india has to worry about fiscal deficit so they won\'t be able to spend, banks have too high NPAs which is because of extremely high corruption in banking sector which needs to be weed out before GOI of india put money into them which will take time. India Inc. is not ready for the next round of development. They are not efficient, they cannot compete, there is corruption and they don\'t spend in RnD which is taking them nowhere.
on May 18, 2015