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Monday, May 6, 2024
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Standard Deviation

Newsrooms, consultancies all abuzz but missing key question: Is Budget important anymore?

When GST was rolled out in India, proposals pertaining to 45-50 per cent of the government’s tax revenue were taken out of the Budget and placed under the GST Council.

Bank harassment, hidden charges undoing gains of Modi’s PMJDY and financial inclusion

The government has merged several public sector banks to improve profitability. But users have not been informed of the complications these mergers have caused.

Tax India’s corporates and super-rich more. They can and will take it

India's attractiveness as an investment destination is not based on its low tax rates. Give the super-rich basic amenities in return for the higher tax and they'll stay and pay.

UPA-2 faced the same economic issues Modi govt does now. But there’s one difference

The Modi govt has to ensure that the 2024 Lok Sabha election doesn’t entice it to throw fiscal prudence out of the window like UPA-2 did.

It’s time to end Budget secrecy, deal final blow to India’s colonial hangover

Budget secrecy isn't needed for a number of reasons, and doing away with it would actually benefit India's policymakers.

Modi told the world India choosing renewable energy over coal but politics playing a drag

If Modi wants to be seen as a true statesman, he must deliver on the promises he has made to the world, even if this doesn’t reap dividends politically at home.

Indian banks are heading into a trap. High inflation and interest rates are a deadly mix

It is increasingly a good time to deposit money and an increasingly costly affair to take a loan. Banks are finding that their avenues for lending are more curtailed.

On Camera

‘Trade, not aid’—Narasimha Rao’s 1991 reforms speech that changed India’s economic landscape

On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.