India has more than 8 million students graduating and entering the workforce every year but there aren't enough job opportunities created for them. With only 1.35 lakh jobs created in 2015 against 9 lakh in 2011, will the government live up to its promise of creating more jobs this year, as mentioned in the budget 2017? On this episode, we discuss about what's driving India's jobless growth and the impact of economic reforms on job creations across sectors.
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PM Narendra Modi announced on August 15 to bring "next-generation" GST reforms that will reduce the tax burden across the country.
The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation.
The Centre's proposed reduction in GST is also expected to lead to a drop in costs for car buyers, reducing on-road prices as well as EMIs.
Proposed GST cuts on petrol and diesel vehicles could reduce EVs price advantage, slowing adoption while causing major revenue losses for the government - HSBC.
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
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