One Nation, One Tax: 5 Things You Should Know Ahead Of GST Rollout
The government is all set to roll out the goods and services tax (GST) at the stroke of the midnight on June 30, 2017. All states/union territories, except Jammu & Kashmir, have approved the state goods & services Act (SGST) for ensuring the roll out. From July 1, India will move to a one-tax, one-nation regime, and all goods and services will be taxed in four slabs – 5%, 12%, 18% and 28% – wherever they are purchased.
How Smaller, Decentralised Solutions Can Help India Meet Its Social-Development Goals
Relying on large, centralised programmes such as Swachh Bharat Mission and National Rural Drinking Water Programme to provide universal access to basic necessities would require 30-40% more government spending than current levels over the next 15 years, an analysis by Dalberg, a global strategy and policy advisory firm focused on social impact, shows. Instead, Dalberg suggests, decentralised solutions can effectively plug the gaps, often at a fraction of the expense and time that conventional methods entail. Supplementing conventional efforts with smaller, decentralised solutions is imperative when viewed in the light of the fact that India needs to spend Rs 64 lakh crore ($1 trillion) up to 2030 to provide universal access to water, electricity and sanitation–an amount greater than three times the country’s total budgeted spending for 2016-17 (Rs 19.78 lakh crore).
Instant Perspective:
Between April 2010 and Jan 2017, electricity production in India grew 35% (4.34% CAGR) to 1,038.9 billion units https://t.co/McSUF39cfJ
— IndiaSpend (@IndiaSpend) June 29, 2017
Between 2003-05 and 2013-15, India’s general fertility rate (live births per 1000 women aged 15-49 yrs) dropped 19.9% from 99.6 to 77.4
— IndiaSpend (@IndiaSpend) June 29, 2017
In 2015, rural India’s general fertility rate (83.8 live births per 1,000 women aged 15-49 yrs) was higher compared to urban areas (60.8)
— IndiaSpend (@IndiaSpend) June 29, 2017
In 2015, Bihar had India’s highest general fertility rate (104), followed by UP (99.5), MP (96.2). Lowest: Kerala (53), WB (54.4), TN (54.7)
— IndiaSpend (@IndiaSpend) June 29, 2017
Between 2005 & 2015, Kerala saw the least decrease in general fertility rate among larger states
— IndiaSpend (@IndiaSpend) June 29, 2017
Source:IndiaSpend
