Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
September 23, Sunday 2018 2:42 PM       

       HEADLINES: Franco Mulackal should be subjected to lie detector test, says police                                              Fr. Mathew Manavath raises allegation against Kerala BJP                                              Body of toddler found                                              CM reaches office                                              Fr. Geevarghese defends his decision to join BJP                                              We did not have a choice, says ex-French President Hollande on Reliance getting Rafale offsets                                              “If church try to throw us out, we’ll face it”, say nuns                                              UN Secretary-General to visit India in October                                              Russia warns US it is 'playing with fire' with sanctions                                              Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks                                              Hasan, Asghar, Rashid fined 15 per cent of their match fees                                              Kaumudi Facebook
       BUSINESS Next Article: Sensex hits new record of 33,853.63; Nifty rises 34 pts  
       Tax terrorism eroded confidence of Indian businesses: Manmohan Singh
 
         Posted on :16:00:40 Nov 7, 2017
   
A A
       Last edited on:16:00:40 Nov 7, 2017
         Tags: Tax terrorism eroded confidence of Indian bus
 

AHEMDABAD: Former prime minister Manmohan Singh on Tuesday cornered the Centre over its economic policies and asserted that the fear of tax terrorism has eroded the confidence of Indian businesses.

Critical of the Good and Services Tax, Dr. Singh said the tax reform broken the back of small businesses.

"The fear of tax terrorism has eroded the confidence of Indian business to invest. This twin (demonetisation and GST) blow is complete disaster for our economy, it has broken the back of our small businesses," Dr. Singh said.

Cornering the government over increase in imports from China, Dr. Singh said because of the weak economic policies of Prime Minister Narendra Modi and his government, New Delhi had to run for Chinese imports at the cost of Indian jobs.

"We had to run for Chinese imports at the cost of Indian jobs. In the first half of 2016-17, India's imports from China stood at Rs 1. 96 lakh crore. In 2017-18, it increased to Rs.2.41 lakh," he said.

"Unprecedented growth of imports by over Rs. 45,000 crore, a 23 per cent increase in a year, can be attributed largely to demonetisation, GST. When undertaking endeavour of one nation one tax, if the Prime Minister had taken inspiration from resolve of the great Sardar Patel, the outcome would've been different," he added.

A A
       BUSINESS
Next Article: Sensex hits new record of 33,853.63; Nifty rises 34 pts
 
 
BUSINESS HEADLINES
"RBI unlikely to hike repo rate in Oct despite weak INR"  
OYO to hire over 2,000 tech experts, engineers by 2020  
Sensex ends in red after 1,000-pt flash crash  
OYO to hire over 2,000 tech experts, engineers by 2020  
Avis India announces free doorstep delivery, collection of self-drive cars  
Dena Bank surges 20%; BoB tumbles 14% post merger announcement  
Vijaya Bank, Dena Bank, BoB to merge: Govt  
Mother Dairy won't cut prices despite Patanjali's cheaper cow milk  
Union Bank of India exits Antwerp diamond market  
Naidu discusses bilateral cooperation in trade and defence with Serbian President  
FundzBazar crosses 2 lakh investors milestone  
Ramdev Baba’s Patanjali launches cow milk, french fries and more  
United Bank of India increases MCLR by five basis points  
RBI submitted a list of high profile fraud cases to PMO: Rajan  
Chemists call for strike on Sep28 against online medicine sale  
Rupee sinks to new low of 72.91, drops 22 paise against USD  
Skills and You develops special module 'Curio'  
Google ready to comply with RBI norms for payment services, says official  
FinMin in touch with RBI for market intervention to contain rupee value  
Sensex plunges over 400 pts as rupee breaches 72.50 mark  
Niti Aayog asks auto cos to stick to timeline to achieve full e-mobility  
FastFox registers 3x growth post rollout of revolutionary 'Open House' model  
Jio completes two years, aims to take India to 'top 5' in broadband connectivity  
Gold rises 0.46% on positive global cues  
Rupee pares gains, slips 7 paise against US dollar  
 
Do you agree with Rahul's allegation against Modi over Rafale deal?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy