Income Tax Bill – Opportunities Ignored – Weapons Sharpened
The Income Tax Bill 2025 was a great opportunity to bring real changes to the tax system of the country. The top taxpayers in the country are actors and not the corporate richest and...
Budget 2025 – rhetorics repeated
Slogans modified. No efforts to revive the Economy. In a surprise, Dr. Ananda Nageswaran, Chief Economic Advisor, with his team of more than 150 people, produced an Economic Survey 2025 with certain critical comments....
Loan Waiver to People Affected by Disaster – Wayanad and Beyond: Is it a Just Demand?
Random Reflections The government and banks, which write off crores of depositors’ money to benefit the wealthiest, make a hue and cry when farmers or disaster-affected people demand loan waivers. Disasters occur frequently across...
100 Days of Economy & Finance: More of the same. But also forced reversals on some fronts
A hundred days isn’t really enough to evaluate the policies of a regime pertaining to finance and economy, but it is enough so far as to get the drift. And an overview of the...
A great opportunity lost – Budget 24-25
The election result of June 4 gave a clear message to the ruling dispensation. They were reduced to a minority and had to entirely depend on a few allies to continue to be in...
The Budget That Didn’t Deliver: Unpacking the Budget 2024-25
The first budget of the NDA government seem to have heavily constrained with coalition compulsions, attempt to recognise the real issues on the ground and a response to the Mandate 2024. Yet, it manage...
Inequality, Jobs, Hunger: Why You Should Care About the Union Budget
This budget is the last chance for course correction for the Modi regime. It is going to be a test of who the government sides with, the 90% citizens of the country or the...
When less than 4% of Indian dollar millionaires pay income tax
In FY18, the last year for which disaggregated income tax data is available, only 29,002 ITRs declared income above Rs 5 crore, while Credit Suisse said India had 7.25 lakh dollar millionaires (the wealth...
India added a whopping 79% to the global ‘extreme poor’ in 2020
Shockingly, World Bank estimated this using a private firm CMIE’s surveys, because Indian government wouldn’t collect household consumption data, lest it reveals the ugly truth
GST बनाम गब्बर सिंह टैक्स | हमारा पैसा हमारा हिसाब
जीएसटी की शुरुआत टैक्स प्रणाली को सरल बनाने और डबल टैक्स से बचने के लिए की गयी थी। लेकिन अब हर रोजमर्रा की जिंदगी में इस्तेमाल होने वाली चीज पर टैक्स देना पड़ रहा...
GST has lived up to its nickname – Gabbar Singh Tax | The Money Trail
From a simple and cheap tax, GST has metamorphosed into a tax on everything. Nothing happened as expected since its inception.
Windfall tax on corporations goes as 5% GST on food items kicks in
In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July...
Worshipping Ambani, Adani? Lower tax for the rich ‘means’ higher tax for the poor
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...
GoI selling PSUs to ‘dubious’ investors amidst rising inequality, unemployment
In its reckless privatisation drive, the Government of India (GoI) is selling the Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, a Non-Banking Financial Corporation (NBFC) with a dubious record, owned by a...
The sustained attack on federalism
B. Pocker Sahib, a Muslim League member from Kerala in the Constituent Assembly, was prophetic when he outlined his concerns about the possible impact of centralisation of powers.
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