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Budget should focus on job creation, steps to broaden tax base: India Inc to SITharaman

-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of public sector units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala SITharaman on Monday. "The external scenario is likely to continue...

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Charting the economic journey ahead -C Rangarajan

-The Hindu India has no choice but to grow fast, given the present level of per capita income The big question before India is where its economy will be 25 years from now. By 2047, India will complete 100 years after Independence. By that time, will India achieve the status of a developed economy, which means achieving a minimum per capita income equivalent to $13,000? We also need to know what the...

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Outflow of Finance and Impact on Third World -Prabhat Patnaik

-Newsclick.in World capitalism is entering a new phase in which Third World economies will witness persistent outflow of finance, even if they raise interest rates in tandem with US rates. There are two defining and portentous features of the current world economic SITuation. One, which is well discussed, is the world-wide increase in interest rates in response to the pervasive inflationary upsurge; it would indubitably generate recession and unemployment, which, notwithstanding all...

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FM Nirmala SITharaman to kick-start pre-Budget meetings from Monday

-PTI/ Business Standard On November 22, SITharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets Finance Minister Nirmala SITharaman will kick-start the customary pre-budget meetings beginning Monday with a special focus on issues concerning climate change and infrastructure. The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders. On...

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India opposes attempt to link action on emissions to farming -Jayashree Nandi and Sharm El Sheikh

-Hindustan Times India on Thursday communicated strong objections to discussions under a special UN Framework Convention on Climate Change (UNFCCC) effort known as the Koronivia Joint Work on Agriculture, which has sought to expand efforts to reduce emissions of greenhouses gases to the agriculture sector. According to people aware of the matter, a draft decision under the Koronivia Joint Work mentions mitigation – the efforts to reduce emissions – multiple times. “Noted that...

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