The transaction will help the government cross its annual disinvestment target for the first time ever.
Aiming to boost the struggling agriculture and rural economy, and encourage clean energy, the Council is expected to rationalise rates.
The World Bank’s chief economist said he would recalculate national rankings of business competitiveness going back at least four years.
Modi made a series of claims throughout 2017, many of which turned out to be either untrue or partially true. Here is a list of ten such claims.
The inability of the economy to generate employment opportunities for millions of Indians is developing into a serious social, economic and political issue.
If drawn into a competitive tax war, India may need to make further concessions, which in turn will have negative consequences for our already troubled investment-GDP ratio.
Vinod Dua discusses the current state of the economy and makes suggestions for the upcoming Union budget 2018-19.
Now foreign companies can invest upto 100% through the automatic route in their single brand retail operations in India.
The CPI(M) general secretary underlines why lifting the maximum limit on companies for political donations could lead to rampant corruption.
Jaitley’s Electoral Bonds Are Proof That Political Parties Are Sovereign in India and Not the People
Political parties are often able to exercise supreme power with impunity, even while blatantly defying statutory authorities.
While the nitty-gritties of GST work are handled by the council, slippage in revenues are a result of poor design, which is why a road map for reforming the GST is needed.
The finance minister takes to Facebook to explain the logic behind the government’s electoral bonds scheme.
The new scheme to buy electoral bonds seeks to ‘cleanse the system of political funding’, but without revealing the names of donors.
If anything, GST has proved a nightmare for businesses in the short-term, especially for those in the informal sector.
The Central government is reportedly planning to borrow an additional amount from the markets, over and above the budget estimate of Rs 5.80 lakh crore for fiscal year 2017-18.
According to sources in the party, Rupani’s nomination for the chief ministerial position again reinforces the influence the RSS has on the saffron party.
The letter says that Union budget 2018-19 should provide for full-fledged implementation of maternity benefits as per the National Food Security Act 2013.
As India and the rest of the world hurdles from one banking crisis to the other, we look to bail-outs and now bail-ins as solutions. We need to go beyond this and adequate equity capital is the answer.
While a ‘bail-in’ would backfire by creating a political storm, the government must step in to address potential concerns . After all, India’s middle class hasn’t forgotten about demonetisation.
Not only is the real rate of GDP growth less than what the data suggest, it is also likely to fall in the coming quarters.
Vinod Dua discusses finance minister Arun Jaitley’s blog titled ‘The Fiction of Loan Waiver to Capitalists’.
Karan Thapar interviews Montek Singh Ahluwalia, former deputy chairman of the Planning Commission, about demonetisation, GST and the overall state of the Indian economy.
On the first anniversary of demonetisation, economist Prabhat Patnaik speaks about why its stated objectives were not achieved, the role of GST and more.
In an interview with Karan Thapar for The Wire, Sitaram Yechury, general secretary of the Communist Party of India (Marxist), criticises demonetisation and argues that it failed to achieve all the objectives that were promised by the government.
Documenting the agony of people whose hard earned money was turned valueless overnight on November 8, 2016.
Analysis using Milton Friedman’s theory shows India’s GDP growth is likely to crawl back to its long-run level. However, we cannot deny the loss in interim GDP because of demonetisation.
For most of the past ten years, the economy has been suffering because of the unrelenting regime of very high real rates of interest that the RBI has imposed.
From Janardhan Poojary to Crony Capitalism: India’s Bank Recap Must Be Accompanied by Further Reform
While there are several domestic and international examples of recapitalisation bonds having worked, none of them have prevented further NPAs from piling up.
Vinod Dua discusses why the Gujarat assembly election dates weren’t announced earlier and the government’s decision to recapitalise banks.
While it will almost certainly impact the fiscal deficit, this needs to be accompanied by an aggressive recovery of loans so that moral hazard doesn’t set in.
It seems as though the Centre does not know how to tackle the economic slowdown and lack of jobs in the country.
The government’s attempts to reduce the CIC-GDP ratio by merely reducing currency in circulation without the necessary structural reforms are likely to have deleterious consequences.
The government has said it will assess reasons for low rate of compliance.
A fortnightly column reflecting on chapters of India’s political past that are relevant today.
In order to put the economy on a trajectory of sustained growth, what we need is a large fiscal stimulus package.
“Compliance burden of medium and small taxpayers in GST is being reduced,” finance minister Arun Jaitley said.
Quarterly filing and higher turnover limits need to be intertwined to stop the GST from becoming a car-wreck for the country’s SMEs.
“Policies that ought to be implemented, and ought to implemented well, like GST, are being completely fumbled,” Shourie also said in an interview to NDTV.
Electoral bonds, as proposed in Union Budget and passed by parliament, would only add to opaqueness in funding, claims a Delhi-based NGO.
Although Roopa Kudva quit the bank transparency body in July 2017, there has been no public intimation of this development.