The Congress today said the Union budget was a "totally wasted opportunity" and accused the government of having "wrong" priorities with lesser outlays for various sectors including defence, agriculture and food.
"Unfortunately, there is no such clarity".
Saying that the parliamentary session that will end soon was, "from the point of view of understanding and assessing the state of the economy", unsatisfactory, Mr. Chidambaram flagged four indicators that "tell the true story" of the economy. He said the bill is imperfect and to make it less imperfect he said government should be able to push 90 percent of the goods and services in the modal rate of 18 percent.
Three blasts rock German Football team bus, Defender Marc Bartra injured
Schneck, the Dortmund press officer during Klopp's time at the club, said: "Jurgen Klopp is just as much affected as all of us". Players ducked for cover, wondering whether there would be more explosions. "The team and coaches were shocked".
Also, the GST bills are far from ideal and several provisions could call for amendments over the coming two years or so, Chidambaram said, adding that a 1 October deadline for the rollout of GST would be more proper.
"It was an assault on the Constitution of India". The former finance minister also slammed the government for "imperfect" GST Bills and denying the Rajya Sabha the opportunity to improve them. "Many of them may simply have no in-house talent or in-house skill to comply with the provisions of the GST law and not make mistakes", Chidambaram said.
"The first is an example of tax terrorism and the second is meant to make political funding more opaque and more partial", he said. Between January 2015 and January 2017, gross bank credit to all industries increased by a meager Rs 7,413-crore or 0.29 per cent. Three, during 2015-16, the growth of Gross Fixed Capital Formation was 6.11 per cent. In 2016-17, growth of GFCF plummeted to 0.57 per cent.Also, the actual rate of growth of the economy is moderate; and even that growth is jobless growth.
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