The RBI’s relentless high interest rates are killing the new entrepreneurial class and has forced India’s growth rate to fall below the average of the past 30 years.
Many weavers and artisans are finding it difficult to migrate to the new GST system, or don’t have an income that would justify the effort it would take to comply with it.
The need of the hour is not simultaneous elections, but a drastic change in the whole election process.
The Modi government’s attempts to reshape the economy lie entirely in the financial realm; they come on the back of concerted efforts to strip workers of legal protection in not just the informal sector, but also the formal.
Ghulam Nabi Azad alleged that opposition party leaders were being treated as “potential terrorists” and their phones were being tapped.
In his maiden Rajya Sabha speech, the BJP chief also pitched for simultaneous assembly and Lok Sabha elections.
It was hard to believe that the e-way Bill portal had crashed on the day of its launch. For a nation that exports its tech brains to all parts of the globe, this was much more than just a technical glitch.
While there are fewer exaggerated claims this time around on how demonetisation boosted India’s tax net, the cherry picking of data and selective analysis continue.
According to Pilot, a “lot of people who had been swayed by the BJP’s propaganda have now returned to the Congress”.
There is a paucity of demand of India – which requires an expansionary fiscal policy to revive employment, growth and investment.
The revised fiscal deficit target of 3.3% does not stand the test of credibility as it is based on a rather optimistic assumption that GDP will grow by 11.5%.
“It is not an organisation but a national movement,” Yashwant Sinha said about the new political platform that seeks to take the Centre on over its policies.
There is a striking similarity in the economic performance of both NDA governments – and their neglect of agrarian and rural distress.
The survey examines the impact of the Modi government’s push for formalisation but is relatively less silent on what it means for employment and socio-economic development.
The revival of the Indian economy in 2018-19 faces strong headwinds because the unorganised sector has been marginalised repeatedly in the last 14 months.
The cascading tax burden on consumers clashes with the Modi government’s stated plan to improve poor people’s access to electricity.
A recent study by Ghosh and Ghosh adds a useful dimension, but by deviating from its pure academic purpose to making bold claims on net job creation its original intent and objective has been lost.
Collections for December, at Rs 867.03 billion, were less than the target of Rs 910 billion combined for the Centre and states.
The court ruled that it would examine if all the matters in the case should be heard by the Supreme Court itself.
The country’s national interest would be better served if analysts think of their vocation more broadly than merely paying attention to the nuances of diplomatic ties.
The transaction will help the government cross its annual disinvestment target for the first time ever.
Vinod Dua discusses the latest revisions in GST tax slabs and the deteriorating law and order situation in Haryana.
The ratings agency also said, while releasing its economic outlook for 2018-2019, that the country’s fiscal deficit could slip to 3.5% this year.
Aiming to boost the struggling agriculture and rural economy, and encourage clean energy, the Council is expected to rationalise rates.
The inability of the economy to generate employment opportunities for millions of Indians is developing into a serious social, economic and political issue.
Vinod Dua discusses the current state of the economy and makes suggestions for the upcoming Union budget 2018-19.
The latest GDP figures prove that the economy has taken a battering because of the hasty implementation of GST.
In a rallying message to trade and industry associations, the commerce and industry minister talked about green shoots appearing in the Indian economy, suggesting that it is poised for a recovery in 2018.
As we look back at the year gone by, here’s a list of people who were unfairly targeted in 2017.
If anything, GST has proved a nightmare for businesses in the short-term, especially for those in the informal sector.
The farm economy deteriorated and small enterprises were hit badly in the last year.
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.
GST collection declined from over Rs 83,000 crore in October.
In conversation with the economist on his work with randomised control trials, demonetisation and the GST, the ‘Gujarat model’ and more.
The party is putting up a fierce fight by letting the Hardik-Alpesh-Jignesh trio capture the caste-based anger against the BJP, while Rahul focuses on larger political economy issues.
Many textile traders who were involved in the protest say they will vote for the BJP again because the Congress fielded an unknown candidate and was not able to win their confidence.
India’s new GDP series comes with an extremely odd seasonal variation in the growth of “financial, insurance real estate and professional services”, which in turn bolstered Q2 growth.
BHU’s Political Science students were asked to write essays on Kautilya, GST, Manu and globalisation in their examination.
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.
India’s exports turned negative with a 1.1% drop in October. There is fear that it could fall further in November with exporters finding it difficult to comply with GST.