A look back at top newsmakers of 2017
A look back at top newsmakers of 2017
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Ok, we have so much stuff to share with you from this 2017 From GST rollout to high-profile corporate exits, the Year 2017 has been a roller-coaster ride as far as companies or government policies are concerned.

FINANCE MINISTER ARUN JAITLEY

First, on this list, we will talk about finance minister Arun Jaitley, who helms the wand, in transforming India into a ‘One Nation, One Tax’ management.

After a so long wait, India finally fulfilled the Goods and Service tax from July 1, to remove tax boundaries between states, creating a single market. The roll-out replaced a plethora of cascading central, state, interstate and local taxes with a single, nationwide, value-added tax on goods and services.

The GST is governed by a GST Council which is managed by its Chairman Arun Jaitley. Under GST, goods and services are taxed at the following rates -- 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent, respectively. After several complaints, the Council in its recently-concluded meet revised GST rates on 212 items, putting them under the bracket of 18 per cent.

The October GST revenue collection stands at Rs. 95,131 crores.

RAILWAY MINISTER PIYUSH GOYAL:

The next one is mired in controversies around the frequent accidents, the government finally gave the helm of the Railways to Piyush Goyal. And he looked inclined to complete the unfinished and challenging agenda to restructure and reform the national transporter.

Soon, after appointment, Railways declared key decisions for the transformation of railways – passenger safety, transforming via technology, energy efficiency, faster redevelopment of stations, and enhancing revenue through monetization of assets.

FORMER INFOSYS CEO VISHAL SIKKA:

After finishing three years as the CEO& MD of Infosys, Vishal Sikka, in a surprise move, quit on August 18, 2017, citing 'drumbeat of distractions' and "false, baseless, malicious and increasingly personal attacks. Media reports imply that the comments are in reference to a long-running feud with Infosys Founders over the new direction. During his tenure at Infosys, his annual compensation was set at USD 13 million and stock options worth USD 9 million. Soon, after his exit, stocks at the Bengaluru-based software icon slipped as much as 13%.

CHAIRMAN OF RELIANCE INDUSTRIES MUKESH AMBANI:

Mukesh Ambani, CEO, and Owner of Reliance Industries Ltd has been controlled the telecom sector for quite some time. Be it Reliance Jio or being the richest family in Asia – Ambani’s net worth rose USD 19 billion to USD 44.8 billion, toppling the Lees of the Samsung Empire, to claim the numero uno position.

FORMER RESERVE BANK OF INDIA GOVERNOR RAGHURAM RAJAN:

“There is a danger in keeping the position ill-defined because the constant effort of the bureaucracy is to whittle down its power. This is not a recent phenomenon…the RBI risks becoming dangerously weakened as successive governments and finance ministers misunderstand its role,” he wrote in I Do What I Do.

CHAIRMAN OF RELIANCE GROUP ANIL AMBANI:

Loss-making telecom operator Reliance Communications was in the news for all the wrong reasons. The beleaguered operator shut down voice call service from December 1.

 

 

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