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
Over the Years, a collection of 106 short articles, offers us interesting sidelights on the currents and cross- currents in the public life of India during two distinctive periods: (I) 1987 to 1991 and (II ) 2010 to the present.
India remians the inflexible bête-noir for Pakistan, yet there are few books by Indian authors that have sought to interpret the prodigal neighbour in a holistic, informed and empathetic manner.
The line that Mortimer Durand drew across a small map in 1893 has bled the Pashtun heart ever since. More than a century later both sides of that line remain restless. But the mystery behind what actually happened on 12 November 1893 has never ...
What went wrong for the West in Afghanistan? Why couldn't a global coalition led by the world's preeminent military and economic power defeat "a bunch of farmers in plastic sandals on dirt bikes" in a conflict that outlasted b...
What will be Pakistan's fate? Acts of commission or omission by itself, in/by neighbours, and superpowers far and near have led the nuclear-armed country at a strategic Asian crossroads to emerge as a serious regional and global concern whi...