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.
Premier David Eby, the leader of the minerals- and gas-rich province of British Columbia, spoke with executives at Tata Steel and Reliance Industries on a trade mission to India.
Overall, President Droupadi Murmu has approved Gallantry awards to 70 armed forces personnel, including six posthumous, on the eve of 77th Republic Day.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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.