-The Indian Express From Dalit basti in Gaya to village near Dhanbad, refrain: humein kaun hatayega (who will turn us out?) Gaya, Kolkata, Lucknow: In the Scheduled Caste basti in Gewalbigha, Gaya, about 2 km from the day-and-night dharna against the CAA-NRC-NPR in Shantibagh, a group of men, all safai karamcharis with the Nagar Nigam, cheeks smeared with the bright pink abeer (coloured powder) of Saraswati puja, talk of the citizenship issue...
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Explained: What ails the credibility of India's Budget numbers -Udit MISra
-The Indian Express Advancing the Union Budget by a month has not helped fiscal marksmanship In the first part of this series on the Union Budget, we explained how the nominal Gross Domestic Product (which is the market value of all goods and services produced within the domestic boundaries of India) is the key number that determines the shape and form of the Union Budget. In short, the nominal GDP for the current...
More »With savings rate falling, phasing out exemptions may hit it harder -Udit MISra
-The Indian Express The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes. The government’s plan to gradually get rid of all exemptions and deductions under the personal income tax regime — in a bid to provide lower taxes and a simplified tax architecture as well as...
More »Explained: How the government plans to reboot the economy with this budget -Udit MISra
-The Indian Express Boosting consumption by leaving people with higher disposable incomes is the key strategy The fine print of the Union Budget for 2020-21 notwithstanding, the central strategy of the government seems to be to boost the disposable incomes of the Indian consumers. * What was the problem slowing down the economy? Typically, there are four engines of GDP (gross domestic product) growth. These are as follows: Consumption of the private individuals (or...
More »Will the Budget suspend the FRBM's fiscal deficit goals? -Ajit Ranade & NR Bhanumurthy
-The Hindu Any fiscal deficit needs to ideally redirect spending priorities to capital from consumption With revenue receipts lagging behind budget estimates and economic growth slowing sharply, there is a real risk of the Centre MISsing its fiscal deficit target this year. In a discussion moderated by Suresh Seshadri, N.R. Bhanumurthy and Ajit Ranade look at how the Union Budget may approach the fiscal balancing act in the face of a need...
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