Home / Editorial / The Hindu Editorial / Daily The Hindu Editorial With Vocabulary in Detail : GST shortfall

Daily The Hindu Editorial With Vocabulary in Detail : GST shortfall

RRB Junior Engineer Best Mock Test Series Get RRB JE Mock Now
RRB Junior Engineer Complete Free Study Material PDF Free Download Now
IB Security Assistant Complete Free Study Material PDF Free Download Now
NIACL AO Complete Free Study Material PDF  Free Download Now
Best Mock Test Series for All SSC Exams Get SSC Prime Now
SSC CGL,CPO,GD 2018 Study Material & Book Free PDF Free Download Now


Print Friendly, PDF & Email

Todays The Hindu Editorial & Newspaper : daily hindu editorial analysis, daily vocabulary from the hindu newspaper editorial, from where I can find the hindu editorial pdf, how to get the hindu editorial pdf ?, The hindu editorial pdf, the hindu editorial with vocab meaning in hindi, the hindu newspaper current affairs analysis, the hindu notes, the hindu paper analysis, the hindu vocab

GST shortfall

As the tax collections remain below target, it may be time to recalibrate expectations
Revenue(आय/लाभांश) collections from the Goods and Services Tax (GST) are going too far(दूर) off the mark for comfort(आराम/सुविधा. Inflows declined(गिरावट) for the second consecutive (लगातार/अनुगामी ) month in December to ₹94,726 crore from ₹97,637 crore in November and ₹1,00,710 crore in the month before. Between April and December, GST collections have averaged about ₹96,800 crore, and have not even once met the monthly target of ₹1,06,300 crore, going by the Union Budget math for 2018-19. Now in order to achieve(प्राप्त करने ) the year-end target, GST collections over the next three months will have to reach an average of ₹1,34,900 crore. But given the spate(स्थान) of tax rate cuts announced by the GST Council in December that kick in this month and Prime Minister Narendra Modi hinting at further(आगे ) rationalisation(युक्तिकरण) of rates for construction(निर्माण) materials(सामग्री ) soon, the pressure on revenues is likely to persist(बने रहने/क़ायम रहना). Separately(अलग से), as the government looks to woo traders and small businesses back to its electoral fold, the Council is considering(ध्यान में रखते हुए/विचार से) a relaxation(रियायत/छूट) in the GST norms for micro, small and medium enterprises byraising(बढ़ाकर ) the annual sales threshold for compulsory(अनिवार्य) GST registration from ₹20 lakh to over ₹50 lakh. Such a relaxation, along with regulatory steps like greater forbearance(धैर्य/संयम) for small business loans, will boost sentiment among such firms, but it will further dent the tax kitty. Other revenue heads, including direct tax or disinvestment(लगाया गया पैसा वापस लेना/विनिवेश) receipts(प्राप्तियों/रसीद) (even via innovatively structured intra-public-sector deals), are unlikely to be adequate to plug the GST shortfall.

This poses a challenge for the Centre at a time when it would have been hoping to announce some populist measures( उपाय)ahead of elections, while retaining(बरकरार रखते हुए) its macro-economic management credentials. States’ revenue collections under the GST regime(शासन) have been uneven and a GST Council panel is examining inter-State variations(परिवर्तन). But the Centre is bound to compensate States for revenue shortfalls for the first five years of the GST regime. Unless the Centre decides to drop its fiscal(वित्तीय/राजकोषीय) deficit(घाटे) goals, a squeeze(निचोड़/दबाव) on spending(खर्च करने), including planned capital(मुख्य/पूंजीगत) expenditure(खर्च/लागत), may be the only option. There is a more problematic(समस्यात्मक) aspect(पहलू/स्वरूप) to the dip in GST collections, based on economic activity and compliance(अनुपालन/स्वीकृति) trends(रुझान/प्रवृत्तियों) in November. The total number of returns filed that month hit a high of 72 lakh from 55 lakh at the beginning of the fiscal, yet revenues fell. November also marked the onset of India’s festive season, with a late Deepavali. Yet, the higher compliance and the festive fervour translated into collections lower than the average monthly receipts for the year till date. Though India’s growth fell to 7.1% in the second quarter of this fiscal, an uptick in private investment over the same period wasconsidered(विचार करना/मानना) a sign of revival(पुनरजीवन). But if consumers are not confident enough to spend, a consumption-led investment revival to take the economy to an 8% growth path seems elusive again.

Important Vocabulary

1. Revenue(आय/लाभांश)
Synonyms: credit, dividend, earnings, fund, gain
Antonyms: debt, loss, payment

2. Consecutive (लगातार/अनुगामी )
Synonyms: ensuing, successive, after, chronological, connected
Antonyms: broken, discontinuous,infrequent, intermittent, interrupted

3. Comfort(आराम/सुविधा
Synonyms: amenity, contentment, convenience, enjoyment, happiness
Antonyms: discontent, displeasure, dissatisfaction, gloom, inconvenience

4. Consecutive (लगातार/अनुगामी )
Synonyms: ensuing, successive, after, chronological, connected
Antonyms: broken, discontinuous, infrequent, intermittent, interrupted

5. Relaxation(रियायत/छूट)
Synonyms: enjoyment, leisure, loosening, mitigation, pleasure
Antonyms: pain, sorrow, unhappiness, work, intensification

6. Separately(अलग से),
Synonyms: independently, personally, solely, severally, singly
Antonyms: together

7. Achieve(प्राप्त करने )
Synonyms: accomplish, attain, bring about, carry out, complete
Antonyms: abandon, begin, commence, depart, destroy

8. Persist(बने रहने/क़ायम रहना).
Synonyms: continue, endure, go on, linger, persevere
Antonyms: cease, discontinue, give up, go, halt

9. Forbearance(धैर्य/संयम)
Synonyms: fortitude, self-control, abstinence, endurance, longanimity
Antonyms: agitation, excess, impatience, indulgence, intemperance

10. Retaining(बरकरार रखते हुए)
Synonyms: accommodating, arresting, cherishing, commemorating, confining

11. Variations(परिवर्तन).
Synonyms: abnormality, alteration, change, deviation, discrepancy
Antonyms: agreement, harmony, sameness, similarity, stagnation

12. Measures( उपाय)
Synonyms: part, quota, allotment, allowance, amount
Antonyms: extreme, unimportance, whole, ignorance, inaction

13. Squeeze(निचोड़/दबाव)
Synonyms: congestion, crunch, restraint, clasp, clutch, crowd
Antonyms: powerlessness, release, weakness, opening

14. Considered(विचार करना/मानना)
Synonyms: studied, treated, advised, contemplated, designed
Antonyms: disregarded, forgotten, neglected, unplanned, unstudied

15. Revival(पुनरजीवन).
Synonyms: recovery, rejuvenation, renaissance, renewal, restoration
Antonyms: destruction, killing, suppression

Synonyms: attitude, condition, facet, form, air
Antonyms: whole

17. Revival(पुनरजीवन)
Synonyms: recovery, rejuvenation, renaissance, renewal, restoration
Antonyms: destruction, killing, suppression


Download Quant Power Bank (1000+ Pages)  Free Download Now
Download English Power Book (2000+ Pages)  Free Download Now
Reasoning & GI Booster -Power Bank Book (1200+ Pages) Free Download Now


About GovernmentAdda

We provide all Govt Jobs Like Banking, SSC, FCI,UPSC, Railways and all other important government exams Study Materials,Tricks,Quizes,Notifications,Videos etc.

Check Also

Daily The Hindu Editorial With Vocabulary in Detail : Sedition and politics on the charge-sheeting of JNU students

RRB Junior Engineer Best Mock Test Series Get RRB JE Mock Now RRB Junior Engineer …