-The Hindu The Finance Minister must move to an expansionary fiscal stance that prioritises job creation, public service provision It is that time of year in India, when all eyes and ears turn to the Finance Minister to learn what she will unveil in the annual Union Budget. But it is a moot point whether, even in a year of the novel coronavirus pandemic and economic crisis, that speech will be of...
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Overtaxation of petrol and diesel cannot be justified
-The New Indian Express Which means sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre. Nearly two-and-a-half years ago, when global crude oil prices were around $75 a barrel, petrol was selling at Indian pumps for Rs 75 a litre. Today, when crude oil prices have fallen to $52 a barrel, petrol prices have hit an all-time high of Rs 86 or...
More »India only key nation with double-digit growth in FY22: IMF
-The Indian Express In its latest World Economic Outlook Update, released Tuesday, the IMF predicted that China would grow 8.1 per cent in 2021, followed by Spain (5.9 per cent) and France (5.5 per cent). The Indian economy will stage a strong rebound and grow as much as 11.5 per cent on year in FY22, the International Monetary Fund (IMF) said on Tuesday, revising up its earlier forecast of an 8.8 per...
More »Why the Dangs has not been able to implement FRA properly -Kankana Trivedi
-Down to Earth The ‘real owner’ of forest land is still the forest department. Such brazen violation of the law betrays a systematic attempt to implement FRA, reducing it to a symbol RATher than a tool of empowerment The Dangs, the smallest district in GujaRAT, is a thickly forested and tribal-dominated region that has been away from the ‘developmental’ paradigm till today. Some 77.5 per cent of its area is under forest cover,...
More »Fix inverted tariff structures to boost industrial growth in India -C Veeramani and Anwesha Basu
-Livemint.com Correcting import-duty anomalies will attract foreign firms to set up assembly bases here and lift our global competitiveness A steady decline in import tariff RATes in manufacturing industries had been an important feature of India’s economic reforms during the 1990s and 2000s. The average import tariff RATe was reduced from about 84% in 1990 to the lowest-ever level of 8.6% in 2010. Consequently, imports of goods plus services as a percentage...
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