The government should take these measures, although this may increase the fiscal deficit, said the Godrej Group Chairman.
I would say that this is the time where we need to focus on implementing structural reforms, said CEA K V Subramanian.
The revenue during September 2019 declined by 2.67 per cent in comparison to the revenue during September 2018.
RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January.
Our tax rates have become very competitive with government's move to lower corporate tax rates, said banker Deepak Parekh.
India’s unemployment rate reached 8.19 pc in Aug, up from 6.27 pc in the same month last year.
The GST Council raised tax on caffeinated beverages from 12 per cent to 28 per cent and imposed a 12 per cent cess.
At present, 60 per cent of auto components are taxed at 18 per cent.
Automobile industry has long been demanding reduction in GST rate from the present 28 per cent to 18 per cent.
Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.