Topic: Budget 2020
Budget 2020 is now useless. Modi govt must present a new one
Covid has ensured Modi govt won’t meet 20% growth in tax collection target. That would be a terrible assumption to make in a pandemic-hit economy.
Incentives and infrastructure — what govt can do to boost data centres in India
The Centre plans to make India a $1 trillion digital economy by 2025, which will attract countries wanting to set up data centres in India.
Relief for India’s overseas students, govt cuts 5% ‘tax at source’ Budget proposal to 0.5%
Among amendments to the Finance Bill moved by Nirmala Sitharaman, the govt has clarified that NRIs will only be taxed on income they earn in India.
I-T cases being arbitrated abroad will be eligible under proposed ‘Vivad se Vishwas’ scheme
The I-T department in advertisements in leading dailies said that appeals and writs filed on or before January 31 this year will be allowed to be taken up by it.
Facing a fiscal crisis for long, Modi govt now seems to be pushing states into a crisis too
Either Modi govt is expecting a revenue windfall that will be passed on to states, or states will be squeezed even further. My guess is it will be the latter.
How the LIC mega IPO can also help reform India’s larger financial sector
If done right, IPO can bring transparency & efficiency to LIC, ensure govt doesn’t force it to buy weak PSUs, and improve resource allocation in the economy.
Sanjaya Baru on altered India-US relations, Ruchir Sharma & Sandipan Deb go to the Oscars
Today’s political, economic & strategic punditry from Sanjaya Baru, Ashok Gulati, Ruchir Sharma, Tamal Bandopadhyay, Prabha Kotiswaran & many others.
Budget proposals unlikely to have inflationary impact, says RBI Governor
Das says that the government has tried to remain within the fiscal deficit roadmap set under the Fiscal Responsibility and Budget Management Act.
BMC’s ‘blatant oversight’ that has Raj Thackeray’s MNS riled up
Pre-Truth — snappy, witty and significant snippets from the world of politics and government.
To meet fiscal deficit target, Sitharaman’s Budget leaves out some expenditure
Govt has provided Rs 30,000 cr as against Rs 74,340 cr proposed by 15th finance commission, towards revenue deficit grants to states & has made no allocation for bank recapitalisation.
Modi govt must consider auctioning loss-making Coal India mines too: Naveen Jindal
India must become ‘Atma Nirbhar’ in coal production. If govt auctions CIL’s loss-making mines, pvt sector can ensure the national exchequer adequately gains.
Google is in advanced talks to invest $4 billion in Jio Platforms
Google would join Facebook & slew of PE firms piling into Mukesh Ambani’s venture, which has already attracted nearly $16 billion of investments since April.
Defence
India-China corps commanders talks today to focus on Pangong, to be toughest round yet
India and China have serious differences at Pangong and Depsang Plains, even though they have moved ahead with disengagement at other points of conflict along LAC.
Uttar Pradesh is India’s broken heartland, break it into 4 or 5 states
Uttar Pradesh, our largest state by population and most powerful, is also the worst governed. A state with 1-in-6 Indians has no hope because of its size.