-The Hindu Business Line Noted Gandhian economist Dr Sudarshan Iyengar surveys the distressed agricultural landscape, pinpoints its weaknesses, and prescribes solutions with their roots in Gandhian agronomics. Edited excerpts from an interview to BusinessLine: * Given the agrarian crisis in India today, how relevant are Gandhi's economic principles based on the village economy, and equitable distribution of resources? They are relevant in the context of Gandhi's view of gram swaraj (village self-rule), which...
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What can be done to address the demand drought in our economy? -Suresh Seshadri
-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy being put under...
More »An unequal burden -Harish Damodaran
-The Indian Express Farmers are paying about Rs 15,000 crore GST annually, on which they cannot claim input tax credit. Agriculture is a unique business that not only has high production as well as price risk, but also one where everything is bought retail and sold wholesale. This reality, moreover, extends even to Goods and Services Tax (GST): Farmers are the only businessmen today who cannot claim input tax credit (ITC) on...
More »Slowdown: Direct Tax collections now a crawl, shrink Govt's space to cut GST -Aanchal Magazine
-The Indian Express Net Direct Tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore — against year’s target 17.3%. This below-than-expected growth in Direct Tax collections will muddy the government’s fiscal math The impact of a slowing economy is showing up in government revenues with net Direct Tax collections in the first five-and-a-half months of 2019-20 making up just a third of the full-year target. Net direct...
More »Non-NDA states flay change 15th Finance panel's terms of reference -Ronak Chhabra
-Newsclick.in The Modi Government’s sudden modification of the terms of reference via a presidential order on July 29 is an attempt to squeeze the revenue share of states, say Opposition leaders. New Delhi: The Narendra Modi government’s decision to change the terms of reference of the 15th Finance Commission through a Presidential Order is aimed at further squeezing the revenue share of states, without even consulting them, various finance ministers of non-BJP...
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