Govt sees FY17 per capita income rising 10% to Rs 103,818 

"The per capita net national income during 2016-17 is estimated to be Rs 103,818 showing a rise of 10.2 percent as compared to Rs 94,178 during 2015-16 with the growth rate of 8.9 percent," as per data on Second Advance Estimates of National Income, 2016-17. |Govt sees FY17 per capita income rising 10% to Rs 103,818 India's per capita net national income is expected to rise 10.2 percent to Rs 103,818 in the current fiscal, government data showed today. The per capita national income during 2015-16 stood at Rs 94,178, an increase of 8.9 percent from the previous fiscal. "The per capita net national income during 2016-17 is estimated to be Rs 103,818 showing a rise of 10.2 percent as compared to Rs 94,178 during 2015-16 with the growth rate of 8.9 percent," as per data on Second Advance Estimates of National Income, 2016-17.

Tax officials to send 50,000 letters to PM for successful GST

 A decision in this regard was taken during a meeting of representatives of All India Association of Central Excise Gazetted Executive Officers and those from Indian Revenue Service (Customs and Central Excise) Tax officials to send 50,000 letters to PM for successful GST At least 50,000 letters will be sent by indirect tax officials to Prime Minister Narendra Modi seeking his intervention to ensure successful roll-out of Goods and Services Tax (GST). A decision in this regard was taken during a meeting of representatives of All India Association of Central Excise Gazetted Executive Officers and those from Indian Revenue Service (Customs and Central Excise). "We have decided that each employee working under Central Board of Excise and Customs (CBEC) will write a letter to the Prime Minister seeking his intervention for the successful GST. "Though there are about 85,000 indirect tax employees working at various levels across the country, at least 50,000 letters will be sent to the Prime Minister within next two days," said Anup Kumar Srivastava

Q3 growth negates negative speculations about note ban impact Economic Affairs 

Secretary Shaktikanta Das said the third quarter and the 7.1 percent growth projected for full fiscal are "definitely something noteworthy". | Q3 growth negates negative speculations about note ban impact Elated at the GDP numbers, Finance Ministry said the 7 percent growth in the third quarter has negated the negative projections and speculations about the impact of demonetisation on growth. Economic Affairs Secretary Shaktikanta Das said the third quarter and the 7.1 percent growth projected for full fiscal are "definitely something noteworthy". "We had said that most of the reports were anecdotal, not based on statistics. There were reports that manufacturing activities in many sectors were affected due to demonetisation but as we see from the numbers manufacturing growth at very 8.3 percent is very satisfying number and promising number," Das told reporters here.