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Tax

Black hole of public finance: Unequal fiscal burden on citizens

73% of the wealth generated in India in 2017 went to the richest 1%, while the poorest half of the population saw only a 1% increase in their wealth.

Read more January 11, 2023 at 3:55 pm Suchak Patel

The Fiscal Challenges of the Realization of Workers’ Rights: Do They Exist?

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...

Read more December 23, 2022 at 4:43 pm Thomas Franco

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

How the row over ‘freebies’ hides India’s failure to meet the basic needs of its citizens

While it targets welfare schemes, the Union government has also written off crores in outstanding loans for India’s rich and given huge corporate tax rebates.

Read more August 30, 2022 at 2:16 pm Anirban Bhattacharya

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...

Read more July 21, 2022 at 12:26 pm Prasanna Mohanty

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...

Read more March 14, 2022 at 7:19 pm Prasanna Mohanty

Why low tax for the rich means high tax & lower Govt support 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...

Read more February 18, 2022 at 7:15 pm Prasanna Mohanty

Understanding Goods and Service Tax (GST), its Impact and Implications

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,...

Read more August 2, 2017 at 11:54 am CFA

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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/

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    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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