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.
Army sources said the uniform comes with respect and every jawan and officer should honour it and not allow social media trends to influence their actions.
An oil shock, monsoon fears, rampant unemployment, and the seeming inevitability of inflation are common to both eras. Indira Gandhi’s self-destructive responses are instructive today.
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