To help India become a $5-trillion economy, the National Infrastructure Pipeline has been unveiled. But the big constraint is money willing to be locked up for years.
What the disproportionate focus on macroeconomics misses is fact that to increase economic growth, you need to change behaviour of individuals and firms.
Aberdeen is focusing on long-term effect of changes to India’s tax structure, plus efforts to clean up banking system & make affordable housing available.
President Trump’s signature tax overhaul is aimed at spurring the economy in areas left behind, but the opportunity zones it covers, or rather doesn’t cover, shows some arbitrariness.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
New tax payers may not save because of tax planning in low return tax saving instruments or house buying. Rather, they will invest now in MF, bonds and shares giving high returns. The government has also not to give subsidies on interest on PPF, EPF, housing loans etc. So now the people will buy hose when they need it and they will rent it otherwise. Buying house is any way loosing charm for new generation in an era of Uber and Ola. This government will change our habits of doing many things which we were used to do.
It seems to me that under this government, the union budget will no longer be a medium for anouncing the future plans of government for the country. Instead, it will be limited to placing a financial statement before the Parliament for approval. Any legislative change required, if not related to money bill, would be done outside the budget.
New tax payers may not save because of tax planning in low return tax saving instruments or house buying. Rather, they will invest now in MF, bonds and shares giving high returns. The government has also not to give subsidies on interest on PPF, EPF, housing loans etc. So now the people will buy hose when they need it and they will rent it otherwise. Buying house is any way loosing charm for new generation in an era of Uber and Ola. This government will change our habits of doing many things which we were used to do.
It seems to me that under this government, the union budget will no longer be a medium for anouncing the future plans of government for the country. Instead, it will be limited to placing a financial statement before the Parliament for approval. Any legislative change required, if not related to money bill, would be done outside the budget.