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.
The first advance estimates peg India’s GDP (Gross Domestic Product) growth at 6.4 percent in FY 2024-25, compared to 8.2 percent growth recorded in...
With a favourable macro-fiscal backdrop, the finance minister can use the additional fiscal space to either hasten the path to consolidation or support the sectors with subdued growth.
Layers of complexity due to multiple tax rates result in similar products being taxed differently. There should be a phased move towards a low single rate to reduce incentive for evasion.
The plan could be announced in July, when Prime Minister Narendra Modi's government presents the first budget after BJP failed to win a majority on its own.
Consumption inequality between top & bottom 5% of population is more pronounced in urban India, latest Household Consumer Expenditure Survey says. Widest gap in rural Rajasthan & urban Haryana.
The outcome of the general elections has taken a surprising turn, differing from both exit poll predictions and market expectations. However, the agenda for...
Household Consumption Expenditure Survey shows urban-rural gap has narrowed, particularly at lower levels of consumption, implying effectiveness of govt policies in improving rural incomes.
Other key findings include spending on food falls in expenditure of rural households in 11 years. Report made after survey of 2.76 lakh-plus households across country.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
Shekhar Gupta is right in his assessment of the budget. It is a socialist budget with tax-cut lollipop for the middle class.
With this budget the BJP has made it clear that they are essentially socialists. As far as economics and finance is concerned, there is no difference between the BJP and the socialist political parties.
One reason might be that Modi thinks he has burnt all his political capital in pursuit of demonetisation, land reforms and agriculture reforms. The bitter experience from these genuinely reformist moves has made the BJP turn to socialism.
Why topple the cart and upset anyone?
Shekhar Gupta is right in his assessment of the budget. It is a socialist budget with tax-cut lollipop for the middle class.
With this budget the BJP has made it clear that they are essentially socialists. As far as economics and finance is concerned, there is no difference between the BJP and the socialist political parties.
One reason might be that Modi thinks he has burnt all his political capital in pursuit of demonetisation, land reforms and agriculture reforms. The bitter experience from these genuinely reformist moves has made the BJP turn to socialism.
Why topple the cart and upset anyone?