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corporate write off

What is wrong with the language of neoliberal economics?

Have you ever wondered why food and fertilizer assistance to poor citizens is called “subsidy” but tax assistance (tax cuts, tax holidays etc.) to rich corporates is called “incentive” or “stimulus”? Or why when...

Read more April 25, 2022 at 4:49 pm Prasanna Mohanty

Banks Paying Heavily for Corporate Loan Waivers: RTI

Not Write offs, Corporate Loan Waivers Banks Recovered Only 10% Bad Loans After Writing Them Off !! According to an RTI response received from Reserve Bank of India, between 2014 and 2019 scheduled commercial...

Read more July 30, 2020 at 2:45 pm Ashish Kajla

Random Reflections-The Tamasha about Write off, Waive off and the Reality

When COVID-19 cases are increasing, people are waiting for relief package every day, states are begging the Centre for release of GST share, permit more loans, allow RBI to lend to states at repo...

Read more May 5, 2020 at 11:04 am Thomas Franco

Of GDP and Tax Cuts…

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...

Read more December 1, 2019 at 3:05 pm Priya Dharshini

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