India’s urban population has expanded rapidly, with regions such as Mumbai, Delhi, Bengaluru now ranking among world’s largest urban agglomerations by population, notes the survey.
In the current fiscal year, tax and non-tax revenue collections could take a hit. The projections will need to be recalibrated in light of the uncertain environment.
Global media explores how Trump’s illegal immigration clampdown has created a ‘headache’ for PM Modi & why meeting Indians’ long-term economic aspirations is a difficult task.
Govt has done well to stick to path of fiscal consolidation. It’s unclear if compression of revenue spends net of interest payments is the direction the govt would like to take in coming yrs.
Since 2016, the govt has tried various fiscal tactics to stimulate growth, from increasing expenditure to introducing welfare schemes. The tax cut is the latest of these measures.
The forthcoming income tax Bill could be a revolutionary step to open a new chapter in India's fiscal narrative. It is poised to demystify the tax process, encouraging greater compliance.
PM Modi takes problems head-on with a multi-year plan and clear outcomes. It requires patience and is often met with opposition from people who prefer shortcuts.
Centrality of the agriculture sector was highlighted both by the Chief Economic Adviser and the FM today. It is ironic then that the Ministry of Agriculture’s budget was slashed.
The programme aims to create jobs, support small farmers, empower rural women, expand skill training & reduce migration by promoting entrepreneurship & modernising agriculture.
While the Russia-Ukraine war saw the BJP projecting PM Modi as a ‘vishwaguru’ who could end international conflicts, the party has made a nuanced shift in its electoral strategy vis-à-vis the West Asia war.
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.
COMMENTS