Given the imperious attitude of new leaders to institutions of the old order, the questioning of central bank independence is a given.
The opposition has submitted 651 amendments to the president’s address to the joint session of parliament – many of them contesting demonetisation.
Universal Basic Income is only an idea in the making, but within its first year of conceptualisation, it seems like the first two terms of the acronym have already been reduced to notional ideas.
If the recently acquired extended employment authorisation for dependents is overturned – which appears increasingly likely under the Trump administration – it will push many people several years behind.
The finance minister’s announcements on moving towards a more progressive direct tax structure and tax incentives for MSMEs are heartening.
The Budget does nothing to assure incomes for farmers, lift them out of indebtedness or protect them from natural calamities.
The Budget estimates of gross tax revenues for 2017-18 are the same as the revised estimates for 2016-17 – 11.3% of GDP.
Were the budget estimates for corporation and income taxes in 2016-17 a typographical error or have they been carefully massaged?
Not only has the Budget failed to include measures to fix the damage caused by demonetisation, it also hasn’t taken advantage of the opportunities created.
As Punjab goes to polls in a few days, we travel to the Malwa region of the state to speak to small and marginal farmers and families of those who have committed suicide
While the Budget’s effort to include electoral funding issues is commendable, a closer look at the provisions tells a different story.
Despite having passed the Rights of Persons with Disabilities Act in 2016, the Budget allocated only about 0.0039% of the GDP for the differently abled.
This Budget will benefit only a selected few children in higher education, depriving millions of children from their universal rights to education.
Many feel the move is pointless as lowering the disclosure limit requires an amendment to the Representation of Peoples Act, which remains unchanged.
Most party leaders think that the focus on digitalisation as a way to improve people’s material realities may be off the mark.
The largest slice in the foreign aid pie is still reserved for Bhutan, though it has dropped by one-third compared to the initial allocation for 2016-17.
While the planned expenditure on irrigation is commendable, Gulati told The Wire, the major disappointment was the lack of talk on direct benefit transfers.
No matter what steps the government takes, the Indian economy will not revive till real interest rates are lowered.
Expenditure announced does not seem to have any connection to what has worked (or not) in the past.
The dichotomy between the interest of finance capital and the needs of the social sector has never been starker.
Siddharth Varadarajan and Anuj Srivas bring you the highlights of the 2017 budget.
Budget 2017-18: With Focus on Rural Spending and Income Tax Cuts, Jaitley Ends Speech Sans Bombshells
The Wire’s coverage of the presentations of the Union Budget 2017-18.
The survey does not lift the mist of confusion on India’s macroeconomic situation after demonetisation, while the conservative fiscal stance being proposed will only lead to an aggravation of the problems confronting the economy.
Inflationary concerns aside, we also have to realise that fiscal deficits are always accompanied by trade deficits.
Despite emphasis on ’empowerment’ over ‘entitlements’, which comes with its own set of problems, health and education remain invisible in the Modi government’s social policy agenda.
The Indian government has conveyed its concerns to the Trump administration about a proposed new policy on H1B visas
The government must announce fiscal measures to stimulate demand if it wishes to repair some of the damage it has willfully wreaked upon the economy via demonetisation.
The economy is “not in good shape,” said former Prime Minister Manmohan Singh.
The factors used by rating agencies do not cover the entire picture, the Economic Survey has said, and it does not look like the same criteria are used for different countries.
From potentially slashing middle-class subsidies as a method of funding a UBI, to eyeing the RBI’s reserves as a means of creating a ‘Bad Bank’, this year’s Economic Survey tackles three pressing issues.
The survey, which sets the scene for finance minister Arun Jaitley’s fourth annual budget on Wednesday, forecast that Asia’s third-largest economy should steady after the November demonetisation.
The Centre needs to make up for the losses it has caused to those who already live in precarious, marginalised conditions.
Improving export competitiveness depends on the government, through prudent fiscal policy, and the RBI, through appropriate monetary policy that maintains price stability.
After demonetisation, the informal MSME sector needs careful handholding if they are to make the transition to the formal economy.
Expectations for higher taxes for investors have increased since Modi said that market participants needed to make a “fair contribution” to nation-building.
Despite all the talk of a big push to the agricultural sector, the last Union Budget turned out to be a missed opportunity to provide genuine relief to farmers. The government must rectify this.
The economy requires a massive increase in government expenditure to overcome the drastic impact of demonetisation. But will this cause foreign capital to depart?
We will have to implement truth and nonviolence in vastly different ways than how Gandhians did a century ago.
Relieving the cash constraints of the poor is a critical way forward in the light of the high dependence of the poor upon non-institutional lenders.
The imposition of the tax has impacted the international competitiveness and liquidity of the Indian commodity derivatives market and must be reconsidered in the upcoming Budget.