Arun Jailtley mentioned that the
UPA’s fragile economy is on fast track now. CSO forecast of GDP growth on the
eve of the Budget 2018-19, however, is 6.5%, the slowest of the last four
years. What has moved fast?
Union Budget presentation moved
from March end to February end. Insolvency and Bankruptcy Code completed its
first anniversary. But the MSMEs are yet to get their deal. All the goods
carriers from North East to down South Kerala move without any check post
hurdles and the palm greasing saving nearly Rs.30000cr for various companies.
Indirect Tax Reforms through GST with all its initial hiccups is still with
glitches. Tax compliance moved an inch up on direct taxes although only 1.2% of
the tax filers paid taxes.
