Finance Minister Nirmala Sitharaman is considering raising income tax exemption limit for working-age individuals to Rs 3 lakh from Rs 2 lakh at present.
Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
WhatsApp privacy policy case is among a string of matters involving practices like restrictive platform rules, pricing & billing policies, reflecting India’s tight scrutiny of market dominance.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Who is to be blamed for foreign capital outflow since last two budgets ,
Unless capital market is strengthened, and public subscribe in Share market then how we get investment añd if no investment how do we get job creation
Last budget Govt introduced Long Term Capital Gains
Thus Budget Higher Taxes
Instead funds with low interest , lie tax regime would invite setting up more industries , more employment ,more consumption, more collection of taxes
One thing for sure, we cannot be dictated by foreign money as growth needs. Most of the FII gets in and get out at their periodicity and at time do profit booking. The retail investors are the real sufferers. Also keeping stock market index as only goal to set finance budget will not be a good long term approach. India needs patience, stock market is driven by short term operators.
Whilst it is right that foreign capital sloshing around, looking for higher returns is highly fickle and should not be a consideration for framing policies in the budget , but having said that , It is quite posssible that , the money might have justtified cause in moving out because of the ‘left’ slant of the govt which was expected to have capitalist ‘right’ slant.
Whether or not we like it, we have got addicted to foreign capital. Not only to finance productive projects – India could easily absorb about 3% of GDP on a continuing basis – but also to fund consumption, mainly by the government. Some have argued that if these inflows had not been there, India would have had to take hard decisions, which even the present Budget – at the confident start of a second term – shies away from. Inexplicable how blase we have become about zero export growth over the last five years. 2. The increase in top tax rates to about 42% is unfortunate. It upends conventional wisdom, which has been validated in India over the last twenty years, that lower tax rates lead to better compliance. Equally regressive is the now distinct trend towards protectionism. If people are disappointed with the Budget that is simply because it contains nothing that will boost the private investment our economy needs to grow to $ 5 trillion. 3. Consider something considered sacrosanct from inception : not raising sovereign debt in foreign currency. How shallow seems to have been the thinking behind the proposal to do so, how one mandarin could have this idea accepted without the deepest analysis and consideration. 4. I cannot judge whether the flight of the condors has been occasioned by some unwelcome provisions in the Budget. However, if the economy continues to sputter, they will move out in droves. And if the rupee comes undet pressure, Governor Das will raise rates by two hundred basis points overnight, mark a copy of his decision to the MPC.
Yes! The government is unwittingly following leftist ideas of socialism and scuttling the principles of free economy.
Who is to be blamed for foreign capital outflow since last two budgets ,
Unless capital market is strengthened, and public subscribe in Share market then how we get investment añd if no investment how do we get job creation
Last budget Govt introduced Long Term Capital Gains
Thus Budget Higher Taxes
Instead funds with low interest , lie tax regime would invite setting up more industries , more employment ,more consumption, more collection of taxes
One thing for sure, we cannot be dictated by foreign money as growth needs. Most of the FII gets in and get out at their periodicity and at time do profit booking. The retail investors are the real sufferers. Also keeping stock market index as only goal to set finance budget will not be a good long term approach. India needs patience, stock market is driven by short term operators.
Whilst it is right that foreign capital sloshing around, looking for higher returns is highly fickle and should not be a consideration for framing policies in the budget , but having said that , It is quite posssible that , the money might have justtified cause in moving out because of the ‘left’ slant of the govt which was expected to have capitalist ‘right’ slant.
Whether or not we like it, we have got addicted to foreign capital. Not only to finance productive projects – India could easily absorb about 3% of GDP on a continuing basis – but also to fund consumption, mainly by the government. Some have argued that if these inflows had not been there, India would have had to take hard decisions, which even the present Budget – at the confident start of a second term – shies away from. Inexplicable how blase we have become about zero export growth over the last five years. 2. The increase in top tax rates to about 42% is unfortunate. It upends conventional wisdom, which has been validated in India over the last twenty years, that lower tax rates lead to better compliance. Equally regressive is the now distinct trend towards protectionism. If people are disappointed with the Budget that is simply because it contains nothing that will boost the private investment our economy needs to grow to $ 5 trillion. 3. Consider something considered sacrosanct from inception : not raising sovereign debt in foreign currency. How shallow seems to have been the thinking behind the proposal to do so, how one mandarin could have this idea accepted without the deepest analysis and consideration. 4. I cannot judge whether the flight of the condors has been occasioned by some unwelcome provisions in the Budget. However, if the economy continues to sputter, they will move out in droves. And if the rupee comes undet pressure, Governor Das will raise rates by two hundred basis points overnight, mark a copy of his decision to the MPC.