The IMF urged central bankers and other policy makers to be ready with more stimulus if a global economy already slowed by a trade war downshifts significantly further.
The union budget has to be presented in July, giving the new finance minister a very short time to take key decisions on taxes, expenditure and borrowing.
The RBI is on course for its most aggressive monetary policy easing in more than 3 years, as it seeks to support the economy in the face of risks both at home and abroad.
The reasons for both sides preventing any escalation lie in the political and military context of the strategic situation in West Asia within the larger global geopolitical framework.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
It is astonishing that while everyone wants ascribe his ills to a depressed economy yet CCD has made profits in the last three years.
The highest being 18-19 FY.
Strange is it not.
I agree with “Govt must support genuine entrepreneurs while going after the rogues” view of Mr Pranjal Sharma. Hue and Cry about tax terrorism indicates that there are so many rouges in Indian entrepreneurs who want to make easy money through illegal means have no place in today’s India. It’s time for Indian businesses to come clean otherwise they should not be in business.
Indian economy needs boost. No doubt. However, giving freebies and writing off loans to support entrepreneurs is a bad idea. What I hear is that tax terrorism. In this country, there are good amount of cases where business men declare their undisclosed income only after taxmen chases them. It is not that all the tax notices are paid and settled. There were cases, that it went to higher courts and many decisions were against tax authorities. If someone comes as says that I have earned money long time ago and I did not pay, but now I am in deep trouble and incurring loss and cannot pay. Many times large borrowers default and put the bank in stressful position affecting capital adequacy norms. The system should be strict enough and deterrent against errant borrowers. Siddarth has ventured into many things from Cofee plantation to Confee retailing to resorts to investment in software and other companies to buying forest in Amazon. He borrowed heavily and landed himself in trouble. Too much of chasing and breaking norms, rules and laws, got him into trouble. His letter hides more than revealing. We can keep blaming economy, budget and environment and all. But the real problem is entrepreneurs who do not have control on themselves.
Ironically, the nation faced the music during the past five years because the national polity and those at the helm of affairs had been at their wits end to find solutions to the burning and sensitive problems staring the nation in its face on various fronts- be it tottering economy, unemployment, farmers distress, flip-flop foreign policy , poverty and communal conflicts etc. !
History is being found repeating it self even now as well .
Such like mishaps will remain the order of the day because those at the helm of affairs in various ministries at centre happen to be jack of all trades but master of none ! It is so too because “objectivity ” and “true national spirit ” have been alluding the nation !
The nation is in the deep throes of uncertainty, insecurity and chaos pertaining to different streams of life !
As against this story, the CAG has observed laxity on the part of Income Tax authorities while dealing with claims of exemption for high value agricultural income in ITRs. The CAG has concluded : “As such, it was not possible to determine whether the system in place was robust enough to ensure that assessees were being allowed exemption for agricultural income, only after adequate examination in the process of assessment.”
The Budget should have been the new government’s coming out moment. A blueprint for the next five years. A route map to restoration of higher growth, with its components of investment and consumption. Both authentic facts and figures and a serious, credible declaration of intent. Instead, a largely political speech, spanning more than two hours. How the markets have reacted is seen in the trillions of national wealth that has been washed away. One does not know if the buying by domestic institutions that has stemmed the haemorrhage was spontaneous or directed. 2. Without a change of heart and some top level changes of personnel, even a Professional Optimist like me needs a thermal imager to locate the sun.
It is astonishing that while everyone wants ascribe his ills to a depressed economy yet CCD has made profits in the last three years.
The highest being 18-19 FY.
Strange is it not.
I agree with “Govt must support genuine entrepreneurs while going after the rogues” view of Mr Pranjal Sharma. Hue and Cry about tax terrorism indicates that there are so many rouges in Indian entrepreneurs who want to make easy money through illegal means have no place in today’s India. It’s time for Indian businesses to come clean otherwise they should not be in business.
Indian economy needs boost. No doubt. However, giving freebies and writing off loans to support entrepreneurs is a bad idea. What I hear is that tax terrorism. In this country, there are good amount of cases where business men declare their undisclosed income only after taxmen chases them. It is not that all the tax notices are paid and settled. There were cases, that it went to higher courts and many decisions were against tax authorities. If someone comes as says that I have earned money long time ago and I did not pay, but now I am in deep trouble and incurring loss and cannot pay. Many times large borrowers default and put the bank in stressful position affecting capital adequacy norms. The system should be strict enough and deterrent against errant borrowers. Siddarth has ventured into many things from Cofee plantation to Confee retailing to resorts to investment in software and other companies to buying forest in Amazon. He borrowed heavily and landed himself in trouble. Too much of chasing and breaking norms, rules and laws, got him into trouble. His letter hides more than revealing. We can keep blaming economy, budget and environment and all. But the real problem is entrepreneurs who do not have control on themselves.
Prof PK Sharma, Freelance Journalist,Barnala (Punjab)
Ironically, the nation faced the music during the past five years because the national polity and those at the helm of affairs had been at their wits end to find solutions to the burning and sensitive problems staring the nation in its face on various fronts- be it tottering economy, unemployment, farmers distress, flip-flop foreign policy , poverty and communal conflicts etc. !
History is being found repeating it self even now as well .
Such like mishaps will remain the order of the day because those at the helm of affairs in various ministries at centre happen to be jack of all trades but master of none ! It is so too because “objectivity ” and “true national spirit ” have been alluding the nation !
The nation is in the deep throes of uncertainty, insecurity and chaos pertaining to different streams of life !
Prof PK Sharma, Freelance Journalist
Pom Anm Nest, Barnala(Punjab)
As against this story, the CAG has observed laxity on the part of Income Tax authorities while dealing with claims of exemption for high value agricultural income in ITRs. The CAG has concluded : “As such, it was not possible to determine whether the system in place was robust enough to ensure that assessees were being allowed exemption for agricultural income, only after adequate examination in the process of assessment.”
The Budget should have been the new government’s coming out moment. A blueprint for the next five years. A route map to restoration of higher growth, with its components of investment and consumption. Both authentic facts and figures and a serious, credible declaration of intent. Instead, a largely political speech, spanning more than two hours. How the markets have reacted is seen in the trillions of national wealth that has been washed away. One does not know if the buying by domestic institutions that has stemmed the haemorrhage was spontaneous or directed. 2. Without a change of heart and some top level changes of personnel, even a Professional Optimist like me needs a thermal imager to locate the sun.