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One Million R&D Centers – $200 Trillion GDP Gain by 2050  ON  APRIL 27, 2018  BY  NARESH SAGAR LEAVE A COMMENT EDIT April26, 2018  (C)  Ravinder Singh  ravinderinvent@gmail.com First time in my life I have Hope on IP Day that India may in near future become a major R&D Center of the world. This alone shall be$200 Trillion Gain to Indian Economy by 2050 at $6 Trillion additional GDP gain annual average. $6 Trillion addition gain annually is just$4000 per capita annual additional GDP gain for 1500m Population. Agriculture with USA like Food Processing Industries alone shall contribute additional $2 Trillion to Indian GDP annually.Manufacturing too over  $2 Trillion additional  contribution annually is modest figure – China manufacturing already has achieved $5 Trillion level presently. Services shall easily exceed $2 Trillion additional GDP gain – all by 2050. Way b...

FRACTURED GST IS NOT SUSTAINABLE IN INDIA ON  APRIL 26, 2018  BY  NARESH SAGAR LEAVE A COMMENT EDIT CAIT CALLS FOR OVERALL REVIEW OF GST “Fragmented procedures & compliance have greatly distorted the inherent beauty of GST. The experience of about 9 months of GST implementation in the Country requires an overall review of not only the tax rates but even the prescribed procedures as well. Weaknesses, leakages, loopholes of GST needs to be plugged. Correction of error in classification of goods in different tax slabs particularly under tax slab of 28% beside removing anomalies and disparities to make it a simple and good taxation system which may comply with two basic fundamentals of GST i.e widening of tax base & encouragement to voluntary compliance”- said the Confederation of All India Traders (CAIT). An internal panel of CAIT headed by its National President Mr. B.C.Bhartia has recommonded that now the time has come when the Government sho...