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Under Modi, Tax Burden has Shifted from Corporates to People -Subodh Varma

-Newsclick.in And, dipping customs collections show easing of imports, which is destroying Indian producers. It was once famously said that the executive (government) is nothing but a committee to manage the affairs of the ruling class in any society. The Narendra Modi-led Bharatiya Janata Party government is a fine example of this truth. The open and brazen way in which it has worked to the advantage of India’s powerful corporate sector has...

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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

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Concentration of power in India Inc: Regulator reviews seven key sectors -Pranav Mukul and Anil Sasi

-The Indian Express Simultaneously, it has started a review of all model concession agreements — the legal contract that forms the basis of the public-private partnership — across four key infrastructure sectors: airports, ports, electricity and railways. AMID the unprecedented concentration of power in at least seven core sectors in corporate India, from pharma and telecom to airports and ports, the Competition Commission of India has launched a set of detailed investigations...

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Mediating the farmers’ protests is difficult terrain -Sriram Panchu

-The Hindu If the top court does find itself mandated by a higher public duty to intervene, then it must observe some essentials For nearly half a hundred days, the farmers of North India protesting against the recent farm laws have been at the capital’s outskirts, braving the bitter cold, and growing in numbers. They have mostly kept the peace and their dignity, and their communities seem ready to support them for...

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The awkward myth of a revival in the country’s rural economy -Himanshu

-Livemint.com Low incomes and poor farm-gate prices capture the reality of relentless distress in our hinterland National accounts data released last month estimated that the economy has contracted by 7.5% in the second quarter of 2020-21 compared to last year. For many, this was a sign of recovery, given expectations that India’s gross domestic product (GDP) would contract by around 10%. It is, no doubt, an improvement from the 23.9% GDP decline...

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