Business
GDP growth to be 7% plus in 2017-18: Shaktikanta Das
New Delhi:The impact of demonetisation on the Indian economy is transient and it will attain a growth rate of over 7 per cent in 2017-18, Economic Affairs Secretary Shaktikanta Das said on Saturday.”The impact of demonetisation on growth would be transient and it would not spill over to the next year which would see a growth of 7 per cent plus and the economy would continue to do well thereafter,” Das said here at the national executive committee meeting of the Federation of Indian Chambers of Commerce and Industry (Ficci).
“In spite of the stronger global headwinds, India remained buoyant,” the Economic Affairs secretary added.Das said the Budget 2017-18 has a progressive outlook, seen by avoidance of retrospectivity in taxation, targeting of government support through Aadhar, reforms in agriculture, especially the model law on contract framing, proposed amendments to the Airports Authority Act, metro development to harness private investment and skills and integration of spot and derivative markets to provide remunerative prices to farmers.
Finance Secretary Ashok Lavasa said that the Budget charts a story that is consistent with the policies of government, is predictable in approach and shorn of unnecessary surprises for the industry.Lavasa said that governance was being made more transparent and efficient through measures such as government procurement through the e-marketplace and rationalisation of central sector schemes.Technology was being increasingly employed to impart efficiency in expending fund, he said.Once, every two years of the duration of a government scheme, an evaluation would be done on the way funds were being spent, he added.Revenue Secretary Hasmukh Adhia said the most challenging task for the government is to increase the share of personal income tax in GDP, which at present is abysmally low.
He said personal income tax has a share of a mere two per cent, which needs to be raised substantially. Also, the profile of personal income tax does not match with the consumption profile of the country, which needs to be looked at.Speaking on the issue of India’s corporate income tax not being globally competitive, Adhia said: “The government had limited resources and therefore moderation in corporate income tax rate has to be seen in the context of a concomitant expansion of the tax net.”On Goods and Services Tax (GST), he said that it was well on track with the Centre and state governments on board and it is hoped that on July 1, the new indirect tax regime will become a reality.
Business
Apple is giving a huge discount on its gadgets: Details inside
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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.
The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.
Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.
Amazon Summer Sale May 2022: Discount offer on iPhone 13
Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.
If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.
Buy at Rs. 64,900 (MRP – Rs. 79,900)
Features of Apple iPhone 13
The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.
The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.