Acualités Capital
Places of Italy
A #beautiful Point of View of the #famous Quartiere Coppedè in 🇮🇹 #Roma #Lazio #Italia #Placesofitaly #PlacesIT #instagram #Coppedè #Rome #Capital #landscape 🇮🇹
📸 Credits to: 🔜 @roberta_giusti_photographer @ Quartiere Coppedè
12494104@N00Cadogan Hall, Sloane Square, London. Opened in 1907 as a New Christian Science Church designed by Robert Fellowes Chisholm. Closed in 1996 and after a few years or disuse was transformed into a 950 seat concert venue - The Cadogan Hall - in 2004.London Borough of Kensington & Chelsea, London, Sloane Terrace - Cadogan HallMarch 2018 - 12494104@N00
Cadogan Hall, Sloane Square, London. Opened in 1907 as a New Christian Science Church designed by Robert Fellowes Chisholm. Closed in 1996 and after a few years or disuse was transformed into a 950 seat concert venue - The Cadogan Hall - in 2004.London Borough of Kensington & Chelsea, London, Sloane Terrace - Cadogan HallMarch 2018 - 12494104@N00
Royal Court Theatre, Sloane Square, London. Designed by Walter Emden and opened in 1888. Major reconstruction in 2000 by Haworth Tompkins. Grade 2 listed.Borough of Kensington & Chelsea, London, Sloane Square - Royal Court Theatre.March 2018 
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#India must fully #implement #GST to #avoid #taxrevenue #underperformance: #IMF
India, which has recovered from #disruptions caused by #demonetisation and the rollout of the GST, must fully implement the new nationwide #indirecttax to avoid #tax #revenue underperformance resulting in cuts to #capital #expenditures, the IMF said today.
In its #Fiscal #Monitor report titled '#Capitalising #on #Good #times', the #International #Monetary #Fund (#IMF) said that relatively buoyant #revenues supported by base-broadening efforts and lower capital expenditures were offset by higher spending (including #higher #compensation to states for the rollout of the GST) and lower #profit #transfers from the #Reserve #Bank of #India due to costs incurred during the demonetisation.
In India, #fiscal consolidation was paused in fiscal year 2017/18 at the #federal level as the #economy recovered from disruptions related to demonetisation and the rollout of the GST, it said.
"In India, a return to a gradual path of growth-friendly fiscal consolidation is desirable to create fiscal space, but full and smooth implementation of the new goods and services tax is necessary to avoid tax revenue underperformance resulting in cuts to capital expenditures," the IMF said.
According to the IMF, overall #fiscaldeficits in #emerging #markets and #middle-#income #economies fell marginally in 2017 for the first time after four years of steady increase, explained mainly by fiscal adjustment among #commodity #exporters.
On average, the overall #deficit declined from 4.8 percent of #GDP in 2016 to 4.4 percent of GDP in 2017, with diverging fiscal developments across countries.
Commodity exporters have continued to push through reform to adjust to "lower for longer" #oil #prices.
The headline fiscal balances improved in most commodity exporters, supported by a pickup in commodity prices and by expenditure cuts (#Gulf #Cooperation #Council members, #Mexico, and #Russia).
In contrast, the fiscal position was relaxed in major non–commodity exporters, including to provide stimulus to the economy (#China, India, #Thailand), the IMF said.
The average trend among emerging market and middle-income economies is largely driven by rising fiscal deficits in China, which are higher when off-budget spending is also taken into account.
In contrast, fiscal consolidation in #Brazil continued in 2017, it added.
According to the report, in emerging market and developing economies, fiscal policy is appropriately focused on consolidation, especially in those countries that are still adjusting to lower commodity prices.
However, the speed of adjustment could be fine-tuned and, in some cases, it can be more ambitious, it said.
"Several countries could step up the speed of their fiscal adjustment," the IMF said, adding that given the strength of the recovery, Brazil should quicken the pace of consolidation and front-load the fiscal effort.
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