Of GDP and Tax Cutsā¦
More than Rs. one lakh crore (Rs. 1,08,785.41) revenue forgone due to exemptions availed by corporates in 2019 , informed the Finance Ministry answering a question yesterday (Nov 2) in the Lok Sabha. For...
Why did the economy slow down? Making sense of GDP at 4.5%
This economic slowdown comes at a time when crude is a benign $55-$58 a barrel, and world economy continues to grow modestly. So in a very broad & general way, for instance you were...
Challenges to Indiaās Fiscal Federalism
Fiscal Federalism is in danger, which can lead to further economic crisis stated Dr. Thomas Issac Finance Minister of Kerala at a National Workshop at Pondicherry. The GST due to states is not given...
Road Paved for FRDI 2.0
TheĀ announcementĀ by Finance Minister Nirmala Sitharaman yesterday (Nov 15) that the government is planning to increase the deposit guarantee limit from the existing Rs 1 lakh is a confirmation of the rumours/reportsĀ going around for some...
3 Years of Demonetisation: Lest we Forget
On the 3rd anniversary of demonetisation, which wrecked the economy from which India is yet to recover, put people inĀ insurmountable misery and for which nobody is held accountable yet, a small video capturing the...
Proposed Mergers of PSU Banks: āBigā Banks Needed to Serve āBigā Corporates.
On August 30th 2019 Finance Minister Nirmala Sitharaman announced collapsing of 10 Public Sector Banks in 4 Banks. A lot has been said about what will be the impact of this decision on NPA...
Official Reforms and Indiaās Real Economy
That the Indian economy isĀ currently experiencing a slowdownĀ is more than evident, both with the deliberations in different private circles and with official statements signalling a series of remedial measures, mostly focussed on the...
Is PMC fraud an isolated event or a Systemic Failure?
On 24th September the depositors of the Punjab and Maharashtra Cooperative (PMC) Bank, woke up to the RBI directive that they are allowed to only withdraw Rs. 1000 from their accounts for the next...
The curious case of Indian Smart Cities
The Smart Cities Project, since its introduction in India, has garnered both applause and criticism and despite the mixed response, has successfully rewired the very imagination of the Indian city. This article attempts to...
Kashmir and its Economic Servitude
Lockdowns and curfews have been the most commissioned procedure by the Indian state to regulate and manage resistances all over the country. Kashmir has been the epicentre of such a monopolisation of public spaces...
Private Finance in Infrastructure Development in India
In the past several years, infrastructure has become a focus sector in the Indian economy as it is expected to boost overall development. Infrastructure continues to attract attention not only from the government but...
Videos: RBIās Reserve Fund Transfer & Banks Mergers: A Loot or Boost?
In the wake of RBIās decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Governmentās the decision to merge 10 Public Sector...
Bank Mergers Why For?
Nirmala Sitaraman, Minister of Finance, in her latest press conference, announced the merger of 10 Public Sector Banks (PSBs) to carve out four big banks. In the process six, PSBs are being closed. Presently...
Itās wrong steroids, Finance Minister! It will only kill the economy!!
The press conference addressed by the Finance Minister Nirmala Sitharaman yesterday (Aug 23) is an indication that finally, the government acknowledges that the economy is crumbling and nearly hitting the rock bottom. That a...
India Needs Up To $700Bn Investment In Renewable Energy
India’s government has ambitious plans to achieve 175 GW of renewable energy capacity by March 2022, although it was standing only at over 81 GW by the end of July 2019. It is even...
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