Category: Budget

If more expenditure in the rural economy is the need of the hour to revive demand, it is debatable if such tax giveaways could have

Among the first things Narendra Modi had done after he came to power with a majority in 2014 was abolish the Railway Budget. For a

When Nirmala Sitharaman presented the government’s Budget for the current fiscal year in July 2019, this columnist had argued: “The revenue projections are unrealistic. …The

Trend growth has been low in 2011-2020. In addition, business cycle conditions are weak. The Budget speech has done well to avoid the calls for

A lion’s share of the tax proposals in this Budget has been taken by the direct taxes. Much less has been done on the indirect

This Budget has emphasised the idea of “trust” to enhance transparency and effective enforcement of tax administration high on its agenda. This is a step

There is no underestimating the very difficult context in which Finance Minister Nirmala Sitharaman had to present the FY20-21 Budget, with economic growth for FY20

In a normal year, the Budget just presented by the finance minister (FM), would have been accepted by the markets without too much fuss. Some

Think of A one-man play where the stage is set for a superlative performance. The script is brilliant. The theme is powerful. The auditorium is

In my column on the FY20 Budget (A silent fiscal crisis, July 5, 2019), I had warned that the government faced a structural fiscal constraint

As a taxpayer, I am, of course, delighted with the Budget presented yesterday. Regardless of the income I earn, unless it is below Rs 5

Much has been said about India’s twin balance-sheet problem and the Great Indian Slowdown. It’s like a person getting a stroke and a heart attack

The fiscal woes might have been far more grim than those projected in the Budget had the government not resorted to off-budget financing for major

The government has proposed to provide credit guarantee for the NBFC sector that has been facing liquidity crisis since the burst of the IL&FS scam

The Union Budget 2020-21 has aimed at reducing the fiscal deficit to 3.5 per cent of the GDP in the coming fiscal year from 3.8

A majority of chief executive officers (CEOs) of Indian companies expect economic growth to slow down further in the new year, mainly due to slowing

In a new paper published by Harvard University’s Center for International Development, Subramanian, former chief economic advisor, and Josh Felman, former IMF resident representative to