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Rishabh
@rishabhgoud
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RT @zerohedge: HOT HOT HOT CPI 0.5% MoM, Exp. 0.3% CPI Core 0.4% MoM, Exp. 0.3% CPI 3.0% YoY, Exp. 2.9% CPI Core 3.3% YoY, Exp. 3.1%
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Listen @nsitharaman ji.
Roughly Rs 1500 crores of popcorns are sold in a year in India . Even at 18% GST for the lot , Rs 270 crores of GST. Stock markets are delivering Rs 52000 crores in just STT. Whether traders make money or not , they have to pay GST plus STT . Can we have some focus on the economy , on spending the budgeted Rs 11 lakh crores on infrastructure , on giving some relief to taxpayers and consumers ? The RBI refuses to act when the writing is clear of a slowing economy and patchy consumption . The fiscal impulses are missing and we are seeing the result . With merchandise exports challenged in a protectionist global economy , domestic policy action , both fiscal and monetary is needed . This will be the biggest missed opportunity in our history if we let growth stall and donβt seize the initiative as a nation. Argentina , a centuries old problem economy , has rapidly cut its bureaucracy, cut waste and done a remarkable turnaround . The US is going to embark on a similar DOGE initiative under Elon Musk. India needs to simplify , go for ease of business and ease of living and create massive projects that generate employment .
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