The Budget for 2020-21 does not ‘effectively’ address the objective of kick-starting economic growth and building momentum, former finance secretary Subhash Chandra Garg has said.
Category: Economy
Nearly half the economy is not running: P Chidambaram | Business Standard Column
So, what is the state of the economy? I mentioned already six quarters of declining growth rate. Agriculture is growing at two per cent. Consumer
Why there may be few takers for the Budget’s tax amnesty scheme | Business Standard Column
In her Budget speech on February 1, Finance Minister Nirmala Sitharaman adumbrated the salient features of the Direct Tax Vivad se Vishwas Bill, 2020: Cough up the
Nirmala Sitharaman: Govt willing to do more beyond Budget to boost growth: Nirmala Sitharaman – The Economic Times
NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said that if required, the government would take more steps beyond the announcements made in the Union Budget 2020-21. At an
More risk capital and a strong corporate governance code, key to India’s GDP growth: Uday Kotak – The Economic Times
India’s aspirational growth of 6-7% in the future highly depends on a large amount of risk capital from domestic investors and a strong corporate governance
Yes, only 15 million Indians pay tax; but who is to blame for this? | Business Standard Column
The prime minister has drawn attention to the fact that only 15 million people in India pay income tax. He is right to complain, since more than
Urgent need for more ambitious structural and financial sector reform measures in India: IMF – The Economic Times
UNITED NATIONS: India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels , the International
Economists eye silver lining in India’s rising rural inflation numbers – The Economic Times
MUMBAI: India’s rural inflation rate surged faster than urban inflation for the first time in 19 months in January, and economists are optimistic that signals something the
A remittance tax | Business Standard Editorials
A provision in the Union Budget for 2020-21 that is attracting considerable adverse attention deals with remittances abroad. The Budget proposes that if a person
Long road to revival | Business Standard Editorials
Global rating agency S&P has reaffirmed India’s sovereign ratings, noting that growth will gradually recover over two-three years. It has also said India is experiencing a cyclical,
Why fiscal rules should be revisited | Business Standard Column
The Union government has once again deviated from the stated fiscal consolidation road map. It will now aim to contain the fiscal deficit at 3.8 per cent
Advised Manmohan Singh, Pranab Mukherjee against Vodafone tax: Montek | Business Standard News
Montek Singh Ahluwalia, who was deputy chairman of the Planning Commission during the United Progressive Alliance’s (UPA’s) decade in office (2004-14), has said he had in 2012
Face up to cold truth: Stagflation here to stay–Deccan Chronicle
Finance minister Nirmala Sitharaman had recently told Parliament that green shoots in the Indian economy are clearly visible and the steps taken by the Reserve
Retail inflation: CPI inflation spikes and IIP shrinks: RBI rate cuts off the table for a long time – The Economic Times
Mumbai: India’s industrial production returned to the negative zone for December, in a worrisome development for the government, as data showed that factory output contracted
Double whammy! Industrial production contracts again in December, CPI surges to 7.59% in Jan – The Economic Times
Industrial production had contracted for three months till it changed course in November. India’s annual retail inflation accelerated to its highest level in nearly six years, while
Water Green Shoots With Vital Credit–Economic Times
The economy is turning over a new leaf, or so claims FM Nirmala Sitharaman, who cites several green shoots. Higher foreign investment inflows, direct and
Payment to states delayed due to low realisation of GST compensation cess: FM Nirmala Sitharaman – The Financial Express
Finance Minister Nirmala Sitharaman on Wednesday said the inadequate realisation of GST compensation cess is delaying the payment to states and that the Centre was
As the govt’s debt rises, will it need another fiscal escape clause soon? | Business Standard Column
While presenting her second Union Budget on February 1, Finance Minister Nirmala Sitharaman justified the slippage of 0.5 percentage point in fiscal deficit on the ground that the
Some thoughts on the Budget | Business Standard Column
Ten days after the presentation of the Union Budget ,everything worth saying has already been said or voiced in the media. So here I shall
Coronavirus outbreak opportunity for India to expand exports: Krishnamurthy Subramanian – Times of India
KOLKATA: The coronavirus outbreak in China provides an opportunity for India to expand exports, chief economic advisor (CEA) Krishnamurthy Subramanian said on Wednesday. India is one of
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