-ThePrint.in Officials from Intelligence Bureau, RAW, ED and I-T department have been mandated to work with agriculture and consumer affairs ministries to check onion prices. New Delhi: It’s not just the policymakers in the Narendra Modi government who are worried about soaring onion prices. Sleuths from the Intelligence Bureau, Research and Analysis Wing, Enforcement Directorate and the Income Tax department are also on their heels, ThePrint has learnt. With the onion prices touching...
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How India's game-changing tax bypasses the farmer -Garima Singh
-The Economic Times Indian farmer's plight has changed little even under GST that aims to revolutionise all kinds of businesses. NEW DELHI: That the farmer has historically had one of the most unrewarding and thankless jobs in India is fairly common knowledge. Data sets after data sets show how Indian farmers have remained hopelessly caught between ineffective policy and equally ineffective implementation — through the Five-Year-Plans era, through successive governments, and through...
More »Lowering corporate tax rate is good but not enough -Renu Kohli
-The Telegraph While the corporate tax cuts are a long-term positive, this does not dismiss the case for near-term consumption support The government relented on fiscal discipline to steeply reduce corporate taxes on September 20; the lowest is now 17 per cent for new manufacturing units. The stock market soared, seeing earnings grow after successive downgrades for nearly nine years — about the same time as the investment shortfall that lower taxes...
More »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 »The corporate tax cut could undermine the promise to cap the fiscal deficit
-The Telegraph A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent,...
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