The budget has assumed importance because it will solidify the way the NDA government sees the fiscal governance of this country
It can contribute to the economy, but it disproportionately affects low-skilled native workers
Post-demonetisation, a reversal of the slowdown would require enhanced public spending. It doesn’t appear to be forthcoming
He must stimulate the economy, keep tax incentives, placate people post-demonetisation.
The budget finance minister Arun Jaitley unveils this week will be judged mostly for what it does to put the Indian economy back on the growth track. There are many ideas and propositions doing the rounds; the one I would pick is that of a fiscally expansionist budget.
"I think the government, having shot itself in the foot by demonetisation, should quietly accept that growth in 2017-18 and 2018-19 will be between 6 and 7 per cent," says former finance minister P Chidambaram.
As Parliament prepares to convene again after a winter session washed out due to the Opposition’s protest on demonetisation, it is worth asking why political mobilisation against the exercise is proving to be so difficult
There have been some media reports about possible government thinking on having differential GST rates on services, depending on its classification as luxury, standard and basic services. In such as situation, services which are classified as ‘luxury’ would attract a higher rate, followed by those under ‘standard’ and then ‘basic’.
There is no compelling need to give tax refunds to consumers
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