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Showing posts from June, 2018
GST Flop in Delhi – Collection Up 15.6%, Petrol Prices 25%ON JULY 1, 2018 BY NARESH SAGARLEAVE A COMMENTEDIT July01, 2018 (C) Ravinder Singh progressindia2015@gmail.com This is in response to POOR Coverage and debates on GST in last few days and Ex Finance Minister misleading tweets. Unearthing meagre data – GST appears to be Total Flop. Petroleum Prices increase 25%, Expenditure 30% in 1 Yr in Delhi First I proceeded to study Diesel & Petrol price increase in Delhi – Diesel Price a year ago was Rs.53/L which has gone up to Rs.67.38/L – 27.1% and Petrol price from Rs.62/L to Rs.75.55/L –21.8%. I have assumed Fairly Accurate figure of Rs.25%. Consumption too has increased by say 5% – So net increase in Petroleum Expenditure increased by 30%. Delhi’s GST Collection Up by 15.6% [Rs.26,337 Cr/Rs.22,790 Cr] Arun Jaitley would mislead India – Even when there is 25% increase in Petroleum Prices in Delhi – he would claim little or no INFLATION. https://www.rbi.org.in/Scripts/BS_PressReleas…