He also noted the 15th Finance Commission cut Karnataka’s share in central taxes ‘too drastically’, much more than other similar-performing southern states.
Visiting Professor Ashoka Mody says India chose to ‘dismiss inconvenient truths’ about GDP data to look good. Where was criticism when the economy tanked during COVID, asks govt.
GST was first introduced in India on 1 July, 2017. But tax experts now call for key reforms, such as setting up tribunals for appeals and including petroleum products in the regime.
Dept of Investment & Public Asset Management secretary Tuhin Kanta Pandey says govt is trying to strike a balance between earning revenue through dividends & disinvestment receipts.
Prior to the clarification, all such non-medical, non-educational transactions would've attracted 20% TCS from 1 July. Govt imposing TCS on foreign credit card spends was widely criticised.
Union finance minister Sitharaman says govt cleared 90% GST compensation owed to states & only ‘5-8%’ is held back subject to authentication certificates issued by auditor general.
In the next budget, last of Modi govt's 2nd term, announcing a glide path to a deficit target of 4.5% of GDP by 2025-26 would lend credibility to its fiscal consolidation initiatives.
At a meeting with chief secretaries of states, Union Finance Secretary T.V. Somanathan made a presentation that highlighted a worrying rise in debt in some states.
India’s initial policy response was to ban cryptoassets. Now it appears to be moving towards regulating them. But there is no clarity on the contours of the proposed law.
Munir indicates that he’s willing to go for broke, even if it risks taking his country “and half the world” down with him. It’s important to understand where he is coming from.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Gen Dwivedi framed Op Sindoor not just as retaliation to Pahalgam, but as demonstration of India’s capability to fight multi-domain conflicts with integration between services & agencies.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
This period also saw unprecedented global crises such as COVID lockdowns, world wars and economic crises due to supply chain disruptions. If he compares it to normal times , he’s just another piddi like rogue rahim rajan, not an economist from any angle!
Is he aware of the economic scenario during the three year Covid disaster and its effect on the economy? Or is it that he overlooked everything to picturise a prejudiced and one sided story, to prove his loyalit
Sir you must have explained the mess created by UPA2 in banking and industrial sector. Modiji government has cleared twin balance sheet problem and brought Insolvency code. Indecisiveness in policies by UPA had effect on infrastructure and industrial development.
Yes demonetization had adverse effect on MSMEs and unorganised sector but it had galvanised digitalization of economy especially in fin tech space. Overall Direct tax collection had improved and GST plus direct tax collection reached 11% of GDP. These things will take India forward next comming decade.
The lingering effects of Demonetisation and Covid have contributed to this sag in growth. May a blueprint be drawn up for the third term, including much needed structural reforms.
This period also saw unprecedented global crises such as COVID lockdowns, world wars and economic crises due to supply chain disruptions. If he compares it to normal times , he’s just another piddi like rogue rahim rajan, not an economist from any angle!
Is he aware of the economic scenario during the three year Covid disaster and its effect on the economy? Or is it that he overlooked everything to picturise a prejudiced and one sided story, to prove his loyalit
Sir you must have explained the mess created by UPA2 in banking and industrial sector. Modiji government has cleared twin balance sheet problem and brought Insolvency code. Indecisiveness in policies by UPA had effect on infrastructure and industrial development.
Yes demonetization had adverse effect on MSMEs and unorganised sector but it had galvanised digitalization of economy especially in fin tech space. Overall Direct tax collection had improved and GST plus direct tax collection reached 11% of GDP. These things will take India forward next comming decade.
The lingering effects of Demonetisation and Covid have contributed to this sag in growth. May a blueprint be drawn up for the third term, including much needed structural reforms.