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GST won't put any pressure on GDP growth: Rangarajan

GST won t put any pressure on GDP growth: Rangarajan - Goods and Services Tax - GST - Dated:- 12-8-2017 - Hyderabad, Aug 11 (PTI) Former Reserve Bank Governor C Rangarajan today said the GST rollout has been smooth barring some initial hick ups and maintained the new regime is just an extension of Value-Added Tax (VAT) and will not put any pressure on GDP growth figures. I don't think it (GST) will put any pressure on the GDP growth. There are always teething problems when a far- reaching sc .....

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versity of Hyderabad. Earlier in his speech at the programme, he stressed on the need to workout a mechanism to complete the viable stalled projects and opined the banking system is under stress as non-performing assets (NPAs) are on the rise. This (rise in NPAs) has squeezed the profitability of banks with some showing loss. More distressing is the minimal flow of new credit. The problem os often referred to as twin balance sheet problem. If corporate balance sheets are weak, automatically the .....

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