Business/Economy
Rs 6,399 bn required to double farmers' income - Rajesh Kumar, Pioneer
India needs a whopping investment of Rs 6,399 billion for doubling farmers’ real income by 2022-23. Of these, Rs 5,080.8 billion is required from public sector and Rs 1,318.4 billion from private sector for all the major States, an inter-ministerial committee on doubling farmers’ income said in its report.
Slowdown stalks economy - Madhusudan Sahoo, Pioneer
Volume-II of the Economic Survey released on Friday painted a mixed picture of the economy suggesting that achieving higher end of the 6.75-7.5 per cent GDP growth would be difficult. But the survey said inflation is expected to remain below the medium-term target of 4 per cent as projected by the RBI and Fiscal Deficit will fall to 3.2 per cent of the GDP in 2017-18 as compared to 3.5 per cent last fiscal.
Tax returns filing sees quantum jump: How Modi govt's demonetisation exercise has started bearing fruit - S Murlidharan, Firstpost
Income Tax returns filed for 2017-18 rose 24.7 percent year-on-year to 2.83 crore returns as on 5 August, as against 2.27 crore returns filed during the corresponding period last year. The number of I-T returns filed by individuals, accounting for 98.7 percent of total ITR, jumped 25.3 percent from last year to 2.79 crore returns filed up to 5 August, as against 2.23 crore returns in the corresponding period last year.
A rate cut with burgeoning economic concerns ahead - Shivaji Sarkar, Pioneer
The RBI’s repo rate cut is unlikely to benefit the economy. While interest rates are the lowest, bank charges are the highest. This is where correction is needed. Lower bank charges and not lower interest rates can boost economy.
Coal India’s road to boosting growth - RC Acharya, Pioneer
In its effort to reach a target of producing 1,000 million tonne of coal by 2020, Coal India Limited (CIL) will be aided in no small measure by the Indian Railway Construction Organisation (IRCON), which is busy laying two brand new lines to reach the hitherto untapped coal deposits in the Indian State of Chhattisgarh.
Parliament panel waves red flag to GM crops - Business Line
The Parliamentary Standing Committee on Agriculture has come down heavily against the use of genetically modified (GM) crops in the country. The Committee, which took almost three years to complete its report on the controversial issue, concluded that GM crops, particularly Bt cotton, had not helped farmers.
GST, another bubble for e-commerce? - Pioneer
On July 1, India witnessed the onset of what is undeniably the biggest and most ambitious tax reform since independence. The long-awaited dream of ‘one nation, one tax, one market’ is now a reality with the implementation of the Goods and Services Tax (GST). 
Aadhaar as backbone of biometric India - Shreya Kedia, Pioneer
The Union Government’s roadmap to expand the role of Aadhaar, from being just a voluntary document that was meant to maintain checks and balances on theft and pilferage from various social welfare schemes to a single verification identification document for non-welfare schemes, brings home the fact that the Government has realised the enormous scope in giving this platform a greater level of legitimacy and acceptability to create a system that is easily verifiable and cuts down on irregularities.
Is 4 pct inflation new normal? - Pranjul Bhandari, Financial Express
We have said this before, and have found new evidence since. Inflation in India has fallen dramatically, and while the excessively low levels of FY18 may not be sustainable as some of the drivers are short-lived, we think the rise back up may not be too sharp either.
GST, a big boost for the logistics industry - Paran Balakrishnan, Business Line
For most people, warehouses and transportation represent the boring end of the business spectrum. Countless cartons of everything from tomato ketchup to auto parts aren’t calculated to grab interest. But it’s time to listen up. While the sector’s already been on a growth spree, driven by a burgeoning consumer market, GST’s advent is about to kick the business onto a new growth trajectory with the abolition of inter-State checkpoints and the creation of regional logistics hubs and economies-of-scale.
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