Since 2016, the govt has tried various fiscal tactics to stimulate growth, from increasing expenditure to introducing welfare schemes. The tax cut is the latest of these measures.
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.
India's fascination with the 'Ease of Doing Business' rankings hasn't served it well. Vietnam ranked below India but has attracted more foreign investment.
The biggest beneficiaries from the move will be Apollo’s founders and largest shareholders, the Reddy family, who have been selling assets to pay down their own debt
Helicopter money is a last resort as money-financed tax cut risks damaging independence of central bank by making it a junior partner in a fiscal adventure.
For demand to get a boost, companies need to distribute larger dividend payouts and invest in new capacity. But problem of weak rural demand is not addressed.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
New Delhi is interested in firming up bilateral agreements for increased trade, mobility, upgrade of Su-30 MKI fighters and the increased range of BrahMos supersonic missiles.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
Ok, madam, you are right. The BJP is right, Modi is always right.
Meenakshi Lekhi being a BJP leader will not see why GST got rationalized after many years only now.