Jul 21, 2017 - Railways serving food unfit for humans, says CAG report

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from TradeBriefs FMCG Daily Newsletter

Sree Vijaykumar

From the Editor's Desk
Until recently, truck driver K Shaji often waited for hours at various checkpoints to pay state taxes on his cargo as he journeyed from India's south to the country's financial capital, Mumbai. No more. Such dragnets disappeared this month after the government overhauled its tax system, allowing Mr. Shaji and millions of truck drivers to motor past what used to delay their trips by hours. The delays and tax fees-plus widespread bribes-drove up costs and added to inefficiencies in the economy. The result is an early success for GST. Some economists say GST may eventually add nearly 1 percentage point to GDP growth. More here

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