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GST Receipts Rise, Affordable Housing in India, Dell Considers IPO et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 26, 2018 10:49 AM 1 min read

GST receipts rise in Dec 2017, after decline seen in prior 2 months - though still lower than revenue requirememts; Affordable housing under PMAY to be under effective GST of 8% from 12%; TPG Capital places a $1bn bids for management buyout of Tata Teleservices owned fiber business; ata Group to restructure all of its defence units into one vertical under Tata Sons by Jun 2018;  Dell considers IPO, Activist investor William Ackman takes a ‘passive’ stake in Nike, says co on right track.

End of Day Wrap-up (Friday / January 26, 2018) #PMAY #TGPCapital #TataSons #TataTele #GST #Dell #Nike #Transfin

Editor's comment: GST collections finally witness a reverse trend with collections rising to INR86,703 cr in December. While the increase in returns filed suggest an increase in compliance, the number still lags behind the revenue requirements. However, the government expects collections to improve further after the introduction of the interstate e-way bill system from February 1. Meanwhile, the GST Council brings pre-budget cheer for home buyers under PMAY affordable housing scheme with the implementation of 8% GST instead of 12% under the Credit Linked Subsidy Scheme (CLSS). 


In other news, the computer gaint Dell, deliberates an IPO and strategic reviews, while William Ackman, an acitivist investor takes a passive stake in Nike which currently has a market value of about $110 billion.