30 Oct 2020 The impact of air pollution is widespread and deep. It leads not only to increased expenditure on healthcare but also adds to economic losses across sectors. This year, the outbreak of the coronavirus pandemic is threatening to make the situation even worse. The quality of air in…
Browsing CategoryDG’s Journal
Safety Measures Key for Getting Back to Normal
12 Oct 2020 In the Covid situation and the economic lockdown in India and the world over, it is imperative that we focus upon restoring both lives as well as livelihoods. As economic activities begin to pick up pace under Unlock 5.0, leading to full functioning of most sectors, we…
Labour reforms can help reshape India’s growth trajectory
05 Oct 2020 India is projected to have the largest working population in the world between 2022 and 2034, with 10 million youth entering the workforce every year. Unleashing the true potential of such a strong workforce demands employment capacity of the industry. Therefore, rigidities and administrative burden in the…
Tomorrow’s businesses, The New Economic Catapult
19 Sep 2020 In today’s world, businesses have only two choices: Innovate or perish. For example, only 54 of the Fortune 500 companies (ranked by total revenues) from 1955 were still on the list in 2018, and hence the balance from those days have either ceased to exist, merged with (or…
Making tax compliance easier: A platform to honour the honest will build trust and broaden tax base
18 Aug 2020 The government has touched a new milestone by taking up a series of reforms to make tax compliance easier for taxpayers through the platform for ‘Transparent Taxation – Honouring the Honest’. Launched by Prime Minister Narendra Modi, it meets the requirements of a 21st century taxation system.…
Faceless E-Assessment for a taxpayer-friendly regime
07 Aug 2020 Tax reforms, for both direct and indirect taxes, have been one of the key focus areas of the Union government over the past few years. The shift has been towards rationalisation, simplification, greater transparency, ease of paying taxes and creating an overall taxpayer-friendly ecosystem. The faceless e-assessment…
Staying on track for 2022
04 Aug 2020 The year 2022 will mark 75 years of India’s Independence, a poignant moment in our nation’s history. The Government’s Strategy for a New India@75 developed by NITI Aayog in 2018 involves achieving many developmental objectives by the year 2022, using innovation, technology, enterprise and efficient management. It…
Resurgence in economic activity to pave the way for economic recovery
29 Jul 2020 The Covid-19 outbreak that had an unprecedented impact across all sectors of the economy, has significantly changed the economic landscape of the country. However, with the easing of the lockdown and resumption in economic activity, some green shoots are visible in the economy, that will help pave…
Ease of doing business for AtmaNirbhar Bharat
10 Jul 2020 In the wake of Covid-19, the Central and state governments have accorded an unprecedented priority to improving the business environment in the country by driving reforms to facilitate ease of doing business. The country has jumped up to rank 63 from 142 in the World Bank Doing…
The GST journey has been transformative
06 Jul 2020 The historical Goods and Services Tax (GST) regime was rolled out on July 1, 2017, with the expectation that multiple central and state taxes would be subsumed in one tax, with the tagline of “One Nation One Tax”. As it completes three years, it is evident that…