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...
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
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...
From a simple and cheap tax, GST has metamorphosed into a tax on everything. Nothing happened as expected since its inception.
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...
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...
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...
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.
On 12th October, the Finance Minister told the media that she is announcing a package to boost demand. What is the Package? The package includes Rs.10000 Festival advance to central government employees, LTC cash...
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...
पिछले साढ़े चार वर्षों में, देश एक बड़ी सामाजिक-राजनीतिक और आर्थिक उथल-पुथल से गुजरा है जैसा पहले कभी नहीं था। हाल के इतिहास में कभी भी एक साथ देश के इतने बड़े समूह को...
In the past four and a half years, the country has gone through a major socio-political and economic upheaval as never before. At no point in the recent history has the country as a...
Conversations on Finance Understanding Goods and Service Tax (GST), its impact and implications GST, as a concept, introduced by the UPA government in the budget speech by Chidambaram, is a reality today. Pranab Mukherjee,...