As India prepares for the next budget, here is another critical issue it needs to focus on: The galloping trade deficit. According to the First Advance Estimate (AE1), released earlier this month, the trade...
Somewhat like ‘thalinomics’ of Economic Survey of 2019-20 which measured household incomes and “dosa economics” of Raghuram Rajan in 2016 to explain inflation, ‘car economics’ explains the higher-growth-higher-inequality paradigm
Import barriers are self-inflicted wounds which is not only disabling the fourth growth engine – exports – but also increasing forex outflows
For the past 36 years, banks' pensions have not been upgraded. No social security, like universal basic income, is considered. The vast majority of unorganised sector workers (94%) do not have access to provident...
Contrary to the claims of the Finance Minister, India is in recession. Even the RBI agrees. Inequality is on the rise. From jobless growth, we are in 'job loss' growth. Study after study confirms...
Nearly a month after Maruti Suzuki chairman RC Bhargava raised a stink by saying that people’s ability to buy small cars has eroded and would continue to decline next year and national dailies reported...
The Indian tax system has been regressive for long with direct tax contributing less than indirect tax – contrary to what happens in developed economies. It is also known that tax incentives benefit corporates...
Touted as the first paperless budget, the budget 2022 was after all a people-less budget that was far removed from the pressing concerns of the day. This was starkly similar to the Economic Survey...
A few months ago, a news made headlines, doing rounds in the social media about how it was a matter of much shame that India had fallen behind Bangladesh on the metric of Per...
On August 27, the World Bank came out with a statement suspending the Doing Business Report. The statement said that a number of irregularities have been reported regarding changes to the data in the Doing Business...
Finance Minister gave a press statement and a document of 27 pages has been released. Everybody is hoping now for the other parts. When the economy is in crisis everyone hoped for relief package...
Ms. Nirmala Sitharaman while unveiling EASE 30 Public Sector Bank Reform plan stated, “Your good will is lost, personal connection is lost, assessment at the bottom level is lost… forgetting branch level connect with...
Starting with GDP, in the 2nd quarter of 2019-20 the real Gross Domestic Product (adjusted on base year price) of the country has been recorded at 4.5%, which is the lowest in last 6...
New Delhi, 13 January 2020: FAN India (Financial Accountability Network India), Indigenous Perspectives Environment Support Group, INSAF, Devidas Tuljapurkar, Joint Secretary, All India Bank Emplyees Association (AIBEA), All India Union of Forest Working People...
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...