-The Indian Express This assumes significance given that on August 31 last year, the Adani Group signed another deal to acquire a controlling interest in the country’s second largest airport, in Mumbai — the Airports Authority of India cleared that takeover on January 12. BOTH THE FINANCE Ministry and Niti Aayog had put on record objections regarding the 2019 airport bidding process, which were over-ruled, clearing the way for a clean sweep...
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Seven key takeaways from India’s latest GDP data -Udit Misra
-The Indian Express India’s GDP 2020-21: This year, India’s per capita GDP, per capita private consumption and the level of investments in the economy — all will fall to levels last seen in 2016-17 or earlier, reveals latest official GDP data. On Thursday, the Ministry of Statistics and Programme Implementation released the First Advance Estimates (FAE) for the current financial year. According to MoSPI, India’s gross domestic product (GDP) — the total...
More »What made Centre change its approach from incentivising states to forcing down reforms? -Harish Damodaran
-The Indian Express The Centre is within its rights to enact laws promoting barrier-free trade of farm produce (inter- as well as intra-state) and also dismantling stockholding restrictions. But that can be only after the farmer has sold. In November 2019, the Fifteenth Finance Commission submitted its interim report, wherein it proposed special “performance based incentives” to states that carried out agriculture sector reforms. These reforms specifically pertained to their enacting and implementing...
More »Finance Ministry Had Endorsed Mandi Tax, Which BJP Is Criticising to Counter Protests -Dheeraj Mishra
-TheWire.in The finance ministry had said, "Market fee is not a tax and the concerned APMC provides facilities in mandis in exchange for the amount." New Delhi: Amid the raging protests against the disputed agrarian laws passed by the Centre, a far more widespread and deeper controversy has emerged over the taxes levied across state agricultural markets. Members of the ruling Bharatiya Janata Party have been criticising the Agricultural Produce Market Committee tax...
More »The dangers of misplaced optimism -CP Chandrasekhar
-The Hindu The government’s economic recovery hype is off track and this is not a time for fiscal conservatism Preliminary evidence that India’s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9% contraction registered in the first quarter of this financial year. Bad because a 7.5% second quarter contraction is high both...
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