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income

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...

Read more December 21, 2022 at 5:07 pm Prasanna Mohanty

No escape from the lower-middle income trap, at least not yet

A 17% credit growth in the first quarter of November 2022 means little since personal loans continue to dominate over loans to industry, particularly large industry. In September 2022, the CFA explained how India’s...

Read more December 12, 2022 at 6:28 pm Prasanna Mohanty

Why are two Indias growing further apart?

In more recent times, it is strong rise in financial assets, aided by fiscal and monetary support to businesses in response to the pandemic crisis, which has led to a sharper rise in inequality

Read more September 27, 2022 at 1:27 pm Prasanna Mohanty

India’s demographic curse in waiting

Human capital development is critical for the growth and development of any economy, but that is where India remains a global outlier, in spite of having entered the “Amrit Kaal” and becoming the fifth-largest...

Read more September 14, 2022 at 1:59 pm Prasanna Mohanty

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Centre for Financial Accountability

Address: Address - R–21, Basement, South Extension-2, Delhi – 110049

Phone: +91-11-49123696
E-mail: info@cenfa.org
Website: http://www.cenfa.org/

About Us

  • OUR MISSION

    Centre for Financial Accountability (CFA) aims to bring in accountability in financial institutions who lend money to development projects, through research and campaigns.

    CFA is a project of BIC Trust and CACIM

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