• Results after Demonetization
    Current Affairs

    Results after Demonetization

    Prime Minister Narendra Modi,s historical announcement on 08 November 2016 for Demonetization of Rs. 1000 and Rs. 500 notes had surprised the whole world and people rushed to the ATMs and Banks for currency exchange. But now the situation is in under control, everything back to the normal state and common people praises PM Modi’s bold decision yet on corruption and black money. So, therefore, I am going to highlight the results after Demonetization so far. More than ₹ 230 Billions of black money revealed so far and this figure is continuously increasing. India has achieved 7.1 % of Development Rate in October 2016 to December 2016. More than 9.1 millions of taxpayers increased after Demonetization. On…

  • Goods and Services Tax
    Current Affairs

    GST biggest Tax Reform since Independence

    India’s economy is reshaping in the leadership of Prime Minister Narendra Modi with the GST biggest Tax Reform. After getting the uniform mood of all states’, On Friday 19 May 2017 during 14th GST Council meeting held at Srinagar, Jammu & Kashmir, the Finance Ministry has released the list of rates of more than 1200 items into five types of rates. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28% as listed. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of…