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 India, we are accustomed to glacial change. We love appointing Committees to ‘look into’ reform. Unfortunately for us, the rest of the world moves fast.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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?