scholarly journals Impact of goods and service tax (gst)

2017 ◽  
Vol 7 (2) ◽  
pp. 312-316
Author(s):  
Nithiya K
Keyword(s):  
Indian Economy ◽  
The Government ◽  
The Impact

A tax is not a voluntary payment or donation, but an enforced contribution imposedby government under the names of toll duty, custom, excise, subsidy or other name. The Goods andService Tax (GST) which was introduced from July 2017 by the Government of India is a valueadded tax, which is the only indirect tax that directly affects all sectors and sections of our economy.In this paper I have dealt in detail the impacts of GST, though its various objectives andfeatures in strengthening the Indian economy. Further the impact of Integrated Goods and ServiceTax (IGST),have been discussed at length in benefitting the individuals, importers, exporters andorganization.

Impact of the Pandemic on the Indian Economy and Wellbeing

2022 ◽  
pp. 133-145
Author(s):  
Chitra Krishnan ◽  
Richa Goel ◽  
Jasmine Mariappan
Keyword(s):  
Migrant Workers ◽  
Social Insurance ◽  
Secondary Data ◽  
Educational Institutions ◽  
Migrant Population ◽  
Indian Economy ◽  
Secondary Sources ◽  
Wellness Education ◽  
The Government ◽  
The Impact

The goal of the study is to look at the impact of COVID-19 on major industries including automobiles, wellness, education, tourism, and many others, as well as migrant workers' status. COVID-19, a sudden epidemic, has had a devastating impact on the Indian economy. The migrant population was also affected by this situation. They were concerned about labor shortages, monthly rationing, and social insurance shortages. In this investigation, secondary data was gathered. The study focuses on the influence of COVID-19 on important industries such as automotive, wellness, education, tourism, and so on, as well as the position of migrant workers. Secondary data was acquired for this inquiry. Blogs, magazines, newspapers, news from foreign agencies, written academic papers, government materials, and websites are examples of secondary sources. Educational institutions, customers, legislators, the government, and the community will all profit from this research.

scholarly journals A cause and effect relationship between FIIs, DIIs and stock market returns in India: pre- and post-demonetization analysis

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Narayan Parab ◽  
Y. V. Reddy
Keyword(s):  
Stock Market ◽  
Negative Impact ◽  
Negative Relationship ◽  
Market Returns ◽  
Institutional Investment ◽  
Stock Market Returns ◽  
Market Sentiment ◽  
Indian Economy ◽  
The Government ◽  
The Impact

Abstract In one of the most historic decisions in the Indian economy, the Government of India demonetized its two highest currency notes (Rs. 500 and Rs. 1000) on November 8, 2016. The Indian stock market does not only consist of domestic investors; however, it does attract a large pool of foreign investors. The present study, considering the significance of demonetization in Indian economy, attempted to examine the association between foreign institutional investment (FII), domestic institutional investment (DII) and stock market returns taking into account a period of 686 days from June 11, 2015, to March 27, 2018, i.e., 343 days pre- and post-demonetization. The study made use of various statistical techniques such as summary statistics, augmented Dickey–Fuller test, correlation analysis and regression analysis. The results indicate a negative relationship of FIIs and DIIs with Nifty 50 Index Returns prior to demonetization; however, such a relationship was noticed to be positive post-demonetization. The present study did not evidence a significant impact of demonetization on FIIs and DIIs, but a significant negative impact was noticed in the case of Nifty 50 Index and various sectoral indices post-demonetization. Nifty Realty sector was found to be severely affected because of demonetization. The study will help the government in understanding the impact of demonetization on foreign and domestic institutional investors, various sectoral indices and evaluate market sentiment post-demonetization and therefore frame necessary policies. Also, the information provided in present study will help various stock market participants.

scholarly journals A Study on Impact of COVID-19 Pandemic on Primary, Secondary and Tertiary Sectors of Indian Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 0-0
Keyword(s):  
Migrant Workers ◽  
Secondary Data ◽  
World Health ◽  
Indian Economy ◽  
The Social ◽  
Political Dimensions ◽  
The Government ◽  
Novel Coronavirus ◽  
Health Organization ◽  
The Impact

COVID-19 emerged in China in December. The World Health Organization declares this virus as Global Disaster in March. The coronavirus has affected the social, economic, political dimensions of the nations globally. In this study, the authors consider the impact of novel coronavirus (COVID-19) on the different activities of primary, secondary, and tertiary sectors of the Indian Economy and various policies and reforms have been taken by the government. The secondary data is collected to put down this literature. Each sector of the economy faces chaos due to coronavirus. Migrant workers or laborers go to their state in the lockdown, a ban on materials, electronics imported from china, supply chain disruption, disturbance in the cash flow are some of the majors' reasons that lead to the uncertainty in different sectors. A fund issued by the Government can be utilized effectively to give benefits to employees, workers, farmers, organizations, and industries.

scholarly journals ECONOMIC CRISIS IN INDIA 2020: MEASURES TO V- SHAPED RECOVERY

2020 ◽  
pp. 45-54
Author(s):  
Duragesh Pujari
Keyword(s):  
Economic Crisis ◽  
Economic Activities ◽  
Indian Economy ◽  
Policy Suggestions ◽  
Key Sectors ◽  
Fiscal Balance ◽  
The Government ◽  
To Come ◽  
Sustained Recovery ◽  
The Impact

COVID-19 pandemic has not only infected and killed millions of millions people, but it has also negatively impacted the economy with varying degrees across the globe and in India as the economic activities were completely stopped during the lockdown period. Covid19 pandemic creates economic crisis in India FY2020. The paper attempts to examine the impact of COVID-19 on different key sectors of the Indian economy and offer policy suggestions to push the Indian economy on V-shaped recovery. The study has been found that Negative performance in industrial production, lower performance in PMI, increasing in unemployment, declining in the inflation due to lack of demand, decrease in forex reserves, decrease in private consumption, decrease in exports and increase in imports, increasing fiscal balance these all factors are creates a economic crisis in our country Fy2020. Therefore, the country should boost the all factors which are already hit by lockdown due COVID-19 pandemic. If country properly boosted all factors, leads to better performance in post COVID-19. Country needs to boost the MSMEs and domestic entrepreneurs, industrialist, farmers providing better incentives for increasing economic growth of nation. The government should be concerned about protecting the health of Indian Economy and should spend what is needed. The study conclude that Quick and sustained recovery measure (V-shaped recovery measures) are required to come out from present economic crisis which result of covid19 in India and creation of awareness about COVID-19 pandemic should be continuing. KEY WORDS: Covid19, Growth, PMI, Export and Import, Inflation, Fiscal Balance.

scholarly journals A Contemporary on Indian Government Initiatives and Challenges of Warehouse Industry

2019 ◽  
Vol 8 (2S6) ◽  
pp. 741-744 ◽  
Keyword(s):  
Initial Period ◽  
Point Of View ◽  
Current Status ◽  
Indian Government ◽  
Distribution Management ◽  
Indian Economy ◽  
Global Logistics ◽  
The Government ◽  
Logistics Performance Index ◽  
The Impact

Over the last six decades, Indian Logistics Sector has evolved a tremendous growth towards Indian economy ranges from the distribution management to integrated logistics management to supply chain management to e- logistics. According to the Economic Survey 2018 report stated that the Indian logistics Sector is likely to touch USD 215 billion in 2020. According to Logistics Performance Index 2018, India slipped at 44th position from 35th position in 2016 out of 154 countries. This is due to the implementation of GST on July 1, 2017. Since many sectors in India are unorganized and fragmented sector. The impact of GST has been affected Indian economy during the initial period. But in coming years, there will be a tremendous growth and recently, the Government of India during union budget 2019 is now planned and focuses on 5trillion economy by 2024. Warehouse Sector is an integral part of the logistics sector and Indian Warehouse Market was ranked as fifth largest market in the Global Logistics Market. In this paper, we try to highlight the current scenario of warehouse market sector and also we try to deliver the current status of investment and infrastructure facilities in warehouse market in India. From a practical point of view, this paper points out the major challenges faced in warehouse sector market in India during recent years.

scholarly journals Impact of Covid-19 on MSMES in India and Strategies for Revival of MSMES Post Covid-19

2020 ◽  
Vol 5 (9) ◽  
pp. 534-536
Author(s):  
Dr. Y. Arundhathi
Keyword(s):  
Global Economy ◽  
Services Sector ◽  
Indian Economy ◽  
Small Industry ◽  
Entire World ◽  
The Government ◽  
The Impact

Today the entire world is under the grip of COVID19. It is impacting the global economy and creating atmosphere of uncertainty. This Pandemic has not spared any sector such as agriculture, corporate, medium and small industry and services sector. MSMEs are the backbone of the Indian economy was hit due to demonetization and GST implementation. In India COVID19 has battered all sectors of the economy MSMEs are the worst hit. MSMES are considered as a growth engine of the nation and they contribute 33.5% of India's manufacturing output, and giving employment to 121million people and generation 45% of India's exports. In this paper an attempt is made to identify the problems of MSMEs, and to study the impact of COVID19 on MSMEs. Another attempt is made to examine the measures taken by the government of India in MSMEs sectors to achieve the dream of self reliant India.

scholarly journals Economic Impact of COVID-19 on Different Sectors in India

2020 ◽  
Author(s):  
Rishabh Gandhi ◽  
Sarthak Gandhi
Keyword(s):  
Economic Impact ◽  
Brand Equity ◽  
Standard Condition ◽  
Pharmaceutical Sector ◽  
Research Papers ◽  
Indian Economy ◽  
Hospitality Sector ◽  
The Government ◽  
Tourism And Hospitality ◽  
The Impact

This report talks about Corona Virus and its impact on the Indian Economy. The Aviation Sector, Pharmaceutical Sector, Tourism and Hotel Sector and Entertainment Sector are studied and analyzed individually and includes current information related to their industry, analyzing the economic impact of COVID – 19 on these sectors in India along with suggestions for these sectors to grow again and improve themselves. The main objective of this report is to analyze the impact of COVID-19 on the Indian Economy and these 4 sectors. The research done is a secondary research as the data available online through research papers, online articles and industry reports were sufficient for the research, and also during the current pandemic, primary research wasn’t possible. The research involved data from various sources including articles from sources like LiveMint, Economic Times and India Today and The Wire and also articles by Pharmaceutical Technology, Brand Equity, BW Hotelier, etc. Industry reports by the Indian Brand Equity Foundation and Deloitte. The report by Deloitte was specific to the pharmaceutical sector and the effect of COVID- 19 on the sector. The industry reports by the Indian Brand Equity Foundation gave an idea about a standard condition of the sector in the country and who all are the market leaders. Data from the Government of India Website and FICCI website and articles were also taken to get authentic insights about the situation. The results show us that even though the pharmaceutical sector had some problems they are still growing and television and online media and entertainment are growing in the entertainment sector but the Cinema Halls are closed. The aviation sector had been hit very badly due to the airports all around the world being shut but with time some flights everyday are opened for urgent purposes with a lot of precautions and maybe till the end of the year they get back to their original state. The tourism and hospitality sector has been hit the worst. This was one of the last sectors being allowed by the government to open in the lockdown transition. The restaurants need to follow strict social distancing norms and various preventions to maintain sanitation and have been allowed to open from 8th June. This sector will comparatively take a lot of time to recover as the rule given by the Government to not allow more than 50 people in a social gathering can cause losses to this sector. As the government has started relaxing norms, it is expected that with time these sectors will be able to recover their losses and the economy will come back on track with the growth of technology and the aim of the country to become self-sufficient.

scholarly journals One Nation, One Tax: How the Goods and Services Tax (GST) have Impacted the Indian Economy

2020 ◽  
Vol 3 (11) ◽  
pp. 141-144
Author(s):  
Ishant Chawla
Keyword(s):  
Value Added ◽  
Secondary Data ◽  
Indian Economy ◽  
Excise Duty ◽  
Goods And Services ◽  
Significant Step ◽  
The Business Cycle ◽  
The Government ◽  
Taxation System ◽  
The Impact

GST is a single national uniform tax levied across India on all goods and services. In GST, all Indirect taxes such as excise duty, value-added tax (VAT), etc. will be subsumed under a single regime. Introduction of the Goods and Services Tax (GST) expected as a significant step towards a comprehensive indirect tax reform in the country, which would lead India for its economic growth. The implementation of GST will lead to the reduction in the product prices throughout the business cycle. The country’s taxation system has improved with the help of GST and the government should take more efforts to training and educating public. Necessary modules should be integrated in the education sector related to GST. The Proposed study is designed to know the impact on GST on Indian Economy with the Help of Its individual effect on different sectors. The Study is Exploratory in nature and Secondary Data has been used for the study. The data is collected from different Journals, Periodicals, Newspapers and Internet.

Impact of GST on Automobile Sector in India

2018 ◽  
Vol 6 (6) ◽  
pp. 126
Author(s):  
V. Lavanya ◽  
D. Pradeep Kumar ◽  
T. Narayana Reddy
Keyword(s):  
Automobile Industry ◽  
Manufacturing Sector ◽  
Indian Economy ◽  
The Government ◽  
The Impact

The Automobile industry in India is one of the most successful manufacturing space from past liberalization.  The industry has potential to grow to become a major economic contributor.  The Government of India has also recognized the importance of Automobile industry holds in the Indian economy and hence is currently working on Automotive Mission Plan 2026  to set targets for the industry for the year 2026.  The Government of India has planned to implement of GST to the manufacturing sector in India.  The objective of this study is the impact of GST on Automobile sector in India.

scholarly journals Changing shareholding pattern in companies established prior to liberalization and the impact

2018 ◽  
Author(s):  
vinita pimpale
Keyword(s):  
Industrial Structure ◽  
Listed Companies ◽  
Business Organizations ◽  
Firm Level ◽  
Public Companies ◽  
Indian Economy ◽  
Before And After ◽  
The Government ◽  
Indigenous Entrepreneurs ◽  
The Impact

ABSTRACTChanging shareholding pattern in companies established prior to liberalization and the impact.Prior to 1991, the Indian economy was averse to policies that diluted the government’s control over the companies established in the country. A closed economy of sorts, the Indian economy perceptibly faced the pressure of global forces as well as internal turbulence's resulting in negativeeconomic indicators. As a result of the same, the government yielded to the situation and began the process of liberalization. The 1980s saw the advent of these policies through the delicensing of certain key industries which was then followed by the introduction of the New Economic Policywhich laid down the framework of liberalization as a formal reform in the economy in 1991.Clusters of business groups in India formed around ethnic, religious and social communities, for example, the Marwaris of Rajasthan formed businesses in Bengal and elsewhere; the Gujaratis in the West, the Chettiars in the South, etc. There is a vast diversity in the Indian economy,comprising of listed as well as unlisted, regional as well as foreign, private as well as public companies. The indigenous entrepreneurs in the Indian markets have now become veterans in their respective industries. Over the years, from government monopolies to family owned businessstructures to the emergence of corporations’, the shareholding patterns in the Indian industrial fora have transitioned through various stages.This research study tracks the movements in the shareholding patterns of Indian Companies spanning over a period from the 1980s up to 2015 to examine the impact of liberalization as an economic policy. The key objectives of this study are:1. To describe the evolution of India’s listed companies’ shareholding structure.2. To study the evolution of India’s industrial structure at the firm level as a result ofthe reforms.3. To analyze the industrial composition by ownership before and after reforms.This study offers a captivating kaleidoscope of shareholding trends across the companies in the different industries over the years. This study is organized as follows:Section 1: Overview of evolution in Company incorporations in India pre and postliberalization.Section 2: Description of trends in Industrial Structure in Non-Government Companies’incorporations and the corresponding sectorial contributions to the GDP.Section 3: Study of various ownership patterns in Indian Companies and the trends therein.Section 4: Analysis of shareholding structures in listed companies (SENSEX.)Section 5: Study of impact of foreign investments in the Indian Corporate Sector.Section 6: Brief comparison of the shareholding patterns of business organizations as well as liberalization policies among the BRIC nations.The last unit of the study sets out the findings, interpretations, conclusions and recommendations on the subject.

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