Traders have blamed the likes of Amazon & Flipkart for poor Diwali sales and want govt to regulate them. But e-commerce is only a small part of retail business.
Disinvestment receipts are budgeted at Rs 1.05 lakh crore for FY20 but until Aug govt earned just Rs 12,358 crore, or 12 per cent of budgeted amount.
Groundwater depletion forced the Haryana & Punjab govts to delay the paddy crop, resulting in the rise in air pollution in Delhi & surrounding areas.
When private banks get into trouble, unsophisticated households lose their bank deposits. To protect them, a resolution corporation needs to be set up.
There are no short-cuts to pushing India’s consumer demand as the phenomenon is part of a larger trend towards formalisation of the economy.
Despite the opportunities and great potential, intra-BRICS trade and investment flows are very low. Here are some ways in which this can be fixed.
The fall in GDP growth needs to be reversed before it becomes a sustained downward spiral. Sharp tax cuts can help, as can a move away from the tax raids policy.
Consolidation of banks reduces competition, raises fears of cartelisation on interest rates and reduces the hope of privatisation.
The transfer of surplus and excess capital is the right step, but the problem should not be left ambiguous in law. Parliament must debate and amend RBI Act.
Rollback of tax on FPIs & surcharge on capital gains tax only undo wrong done in this year’s budget, not those in decades earlier.