-The Indian Express Fixing the economy today cannot happen through consumption; revival in investment is what's desperately needed. New Delhi: Investment, unlike consumption, satisfies no immediate want. The businessman putting his money today is basically taking a bet on the future, when it would start yielding returns. Such bets are a function of the “state of confidence” at the time of investment. The investor has to be reasonably, if not absolutely,...
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Corporate tax reduction: They already pay much less than required effective -Subodh Varma
-Newsclick.in Effective tax rate for Big Business in India was 26.3% although statutory rate is 34.6%, according to Budget documents. There is a proposal that corporate taxes should be reduced to 25% from 30%. According to reports, this has been mooted in a report submitted to the finance minister by a panel headed by Akhilesh Ranjan, member of the Central Board of Direct Taxes (CBDT). However, data on corporate taxes put out...
More »'Accelerating exodus from farming key to achieve target of doubling income' -Richard Mahapatra
-Down to Earth To double farmers’ income reduce the number of farmers, suggest policy makers Among senior officials in the Union government and members of the Niti Aayog, conversations now start and end with one subject: “doubling farmers’ income by 2022”. Clearly, the obsession with open defecation-free India is over as, unofficially, India has achieved the target before the October 2019 deadline. But the new target to double farmers’ income by 2022 has...
More »Save-RTI plea to President Ram Nath Kovind
-The Telegraph Call to Kovind to back law he helped draft New Delhi: Former central information commissioner Shailesh Gandhi has started an online petition to persuade President Ram Nath Kovind to stand by the transparency law he helped draft as a member of a parliamentary standing committee in 2004. While the petition, started on Friday, is finding traction, more such letters are being planned to appeal to the President’s conscience so that he...
More »Scale Neutrality in Indian Agriculture -Srijit Mishra & Kaushiki Singh
-Working Paper No. 75, July 2019, Nabakrushna Choudhury Centre for Development Studies, Bhubaneswar This study looks into four broad questions on smallholder agriculture, that is, the marginal and small farm sizes that constitute more than 85 per cent of the operational holdings in India. Are returns to smallholder agriculture sustainable? Is the smallholder agriculture efficient? Does the smallholder have access to formal sources of credit? Is credit provided by formal sources...
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