Both the government and the RBI are currently so focused on their respective targets that they are losing sight of the fact that some flexibility might actually be a good thing.
The tax officials will, of course, have a better understanding of what the revenue implications will be. But let them at least start thinking about expanding the definition.
India needs to figure out what kind of global player it wants to be while remaining uncompromising on its interests—hard-nosed and difficult, or cooperative and collaborative.
Income tax is such a steady and reliable revenue stream, and an increasingly vital one, that the government simply cannot afford to do anything that would curtail it.
PM Modi has sought to incentivise manufacturing in India through PLI schemes, but the components have come mainly from China, with Indian companies only engaged in assembling.
Oil prices are nearly 40% lower than they were in June 2022, when fuel prices were effectively frozen; yet, consumers have not benefited from this decrease.
There is a difference between protecting an investor from unscrupulous external action, and protecting them from themselves. The former is necessary, but the latter should be avoided.
Bondi’s missteps hastened her exit, but her departure offers a reset. The Senate must not rubber-stamp Trump’s pick and should demand an attorney general committed to DOJ independence.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
INS Arihant was first vessel under SSBN project and was quietly commissioned in 2016. The second indigenous SSBN, INS Arighat, was commissioned in August 2024.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
Till the diplomatic relationship improves, the economic engagement should be placed in a separate silo. Trade, investment, tourism. Cutting off access to such an immense economy, deeply integrated with the rest of the world, would be an act of self harm.
Till the diplomatic relationship improves, the economic engagement should be placed in a separate silo. Trade, investment, tourism. Cutting off access to such an immense economy, deeply integrated with the rest of the world, would be an act of self harm.