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.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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