Pranay Raj, Author at Centre for Financial Accountability

How a new mining law cuts off the money Jharkhand needs to protect its own people

By limiting state taxes on mineral rights, the MMDR Amendment threatens the state’s funds for rehabilitation and ...

India’s Unequal Tax Structure: The Rich Pay Less, The Rest Get Less

In effect, India’s tax system mimics advanced economies in numbers but lacks the redistributive structure of the progres...

Coverage General Indian Economy

Article

Is RBI’s New Plan for Bad Loans Just Another Quick Fix?

In a country like India, where millions hover between poverty and fragile middle-class dreams, every bad loan is more th...

Coverage General Indian Economy

Article

Charts: The Modi Govt Has Reduced Spending For Almost All Major Social Sector Heads

Children queue for their midday meal in schools. Photo: ILO/Flickr (ATTRIBUTION-NONCOMMERCIAL-NODERIVS 2.0 GENERIC) Thes...

Coverage General Indian Economy

Article

Charts: Debunking the Modi Government’s Railway Spending Myth

Despite this significant increase, the proportion of the total railway budget allocated to safety has remained stagnant ...

Coverage General Indian Economy

Article

Budget 2024-25: Income Tax Contributes More to Govt Revenue Than Corporations

The skewed trend of individual income tax payers contributing more to the union government’s coffers than corporates has...

Coverage General Indian Economy Union Budget

Article

The Economic Survey Only Increases Concerns of Inequality

A closer look at the figures reveals a worrying story. Representative image. Photo: Icarda/Flickr (ATTRIBUTION-NONCOMMER...

Coverage General Indian Economy

September 30, 2026

Pranay Raj

How a new mining law cuts off the money Jharkhand needs to protect its own people

By limiting state taxes on mineral rights, the MMDR Amendment threatens the state’s funds for rehabilitation and just transition Summary The Mines and Minerals (Development and Regulation) Amendment Act, 2026 restricts states from imposing certain taxes, cesses and levies on ...

Coverage Energy General

Article

August 1, 2025

Pranay Raj

India’s Unequal Tax Structure: The Rich Pay Less, The Rest Get Less

In effect, India’s tax system mimics advanced economies in numbers but lacks the redistributive structure of the progressive nations.The World Economic Forum (WEF) has described severe income inequality as the biggest risk facing the world. Credit: IPS “Tax terrorism” – that’s how the opposition des...

Coverage General Indian Economy

Article

May 30, 2025

Pranay Raj

Is RBI’s New Plan for Bad Loans Just Another Quick Fix?

In a country like India, where millions hover between poverty and fragile middle-class dreams, every bad loan is more than a financial misstep – it’s a broken promise. The Reserve Bank of India’s (RBI’s) latest fix for India’s non-performing assets (NPA) crisis, securitisation of stressed assets, ma...

Coverage General Indian Economy

Article

July 25, 2024

Pranay Raj

Charts: The Modi Govt Has Reduced Spending For Almost All Major Social Sector Heads

Children queue for their midday meal in schools. Photo: ILO/Flickr (ATTRIBUTION-NONCOMMERCIAL-NODERIVS 2.0 GENERIC) These are all major schemes and essential programmes that many marginalised communities rely on. Despite the headline-grabbing figures of expenditure in this year’s Union budget, a clo...

Coverage General Indian Economy

Article

July 24, 2024

Pranay Raj

Charts: Debunking the Modi Government’s Railway Spending Myth

Despite this significant increase, the proportion of the total railway budget allocated to safety has remained stagnant and even declined since 2018-19 when measured as a percentage of total railway expenditure. While it may seem impressive that spending on railway safety activities has soared from ...

Coverage General Indian Economy

Article

February 18, 2025

Pranay Raj

Budget 2024-25: Income Tax Contributes More to Govt Revenue Than Corporations

The skewed trend of individual income tax payers contributing more to the union government’s coffers than corporates has its basis in the tax break given to corporates five years ago. The Budget at a glance establishes that the share of government revenue from income tax (tax on individuals) at 19% ...

Coverage General Indian Economy Union Budget

Article

July 23, 2024

Pranay Raj

The Economic Survey Only Increases Concerns of Inequality

A closer look at the figures reveals a worrying story. Representative image. Photo: Icarda/Flickr (ATTRIBUTION-NONCOMMERCIAL-NODERIVS 2.0 GENERIC). As the country gears up for the presentation of the Budget for the financial year (FY) 2024-25, the economic survey for 2023-24, tabled by Union financ...

Coverage General Indian Economy

Article