Hardly a fortnight before Gujarat goes to Assembly polls, recent policy changes, especially in the goods and services tax (GST), seem to have assuaged the negative mood against the ruling Bharatiya Janata Party (BJP). The latest downward revision in GST rates in November seem to have placated the anti-establishment mood in major industrial clusters of textiles, diamonds, ceramics and pharma-chemicals. While textiles saw a downward rate revision from 12 per cent to five per cent on job work of zari/embroidery and from 18 per cent to 12 per cent on synthetic yarn, the ...
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First Published: Wed, November 29 2017. 02:20 IST
