FM: Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India;

FM: Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India; https://www.taxtmi.com/news?id=17656 The Government will prioritise accelerated infrastructure and rural development, including roads, village electrification, airports, rail modernisation and rural schemes. The Goods and Services Tax Act is presented as the major indirect tax reform to unify central and state levies, reduce tax cascading, curb evasion, enhance transparency and enable seamless interregional movement of goods. The statement also highlights openness to foreign direct investment, the integration effects of recent demonetization on formalisation and digitisation, and notes macroeconomic challenges such as oil price uncertainty, weak global growth and non performing assets. en-us Wed, 22 Mar 2017 17:25:47 +0530 Wed, 22 Mar 2017 17:25:47 +0530 TaxTMI RSS Generator FM: Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India; https://www.taxtmi.com/news?id=17656 The Government will prioritise accelerated infrastructure and rural development, including roads, village electrification, airports, rail modernisation and rural schemes. The Goods and Services Tax Act is presented as the major indirect tax reform to unify central and state levies, reduce tax cascading, curb evasion, enhance transparency and enable seamless interregional movement of goods. The statement also highlights openness to foreign direct investment, the integration effects of recent demonetization on formalisation and digitisation, and notes macroeconomic challenges such as oil price uncertainty, weak global growth and non performing assets. News - Wed, 22 Mar 2017 17:25:47 +0530 https://www.taxtmi.com/news?id=17656