-Macroscan.org/ The Hindu Business Line The Indian tax system is heavily weighted in favour of large corporations, and has become even more so in recent times. Please click here to access the article. ...
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GST’s ‘give-and-take’ attitude has dried up. India needs a system overhaul -TM Thomas Isaac
-ThePrint.in In 'The Working of the Indian Constitution', T.M. Thomas Isaac examines the functioning of GST to assess if its high expectations have been realised. The Goods and Service Tax (GST) Council has been hailed as a model federal institution, where both states and the centre are represented, and consensus is arrived through a detailed deliberative process. Until the 38th GST Council meeting in December 2019, there had not been a single...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Windfall tax on corporations goes as 5% GST on food items kicks in -Prasanna Mohanty
-Cenfa.org In continuation of its pro-corporate and anti-poor tax policy, the Centre imposes tax on the common man battling hunger and inflation while sparing corporates making windfall gains and record profits In keeping with its anti-people and pro-corporate tax policy, the Central government withdrew the windfall tax on oil exports on July 19th – 19 days after it was imposed – with effect from July 20. This comes a day after a...
More »80% of Indians support tax on the wealthy in Budget: Survey
-The New Indian Express The survey is based on inputs from 3,231 Indians from 24 states ahead of the Union Budget 2022-23 on the expectations of common people from the government. NEW DELHI: More than 80% of Indians support a tax on the rich and corporations who earned record profits during the pandemic, a nationwide survey by Fight Inequality Alliance India (FIA India) revealed on Thursday. Over 90% of participants demanded budget measures...
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