-The Telegraph While the corporate tax cuts are a long-term positive, this does not dismiss the case for near-term consumption support The government relented on fiscal discipline to steeply reduce corporate taxes on September 20; the lowest is now 17 per cent for new manufacturing units. The stock market soared, seeing earnings grow after successive downgrades for nearly nine years — about the same time as the investment shortfall that lower taxes...
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Suppressing criticism a sure fire recipe for policy mistakes: Raghuram Rajan
-The Indian Express In an essay on LinkedIn, the former RBI Governor said governments that suppress criticism do themselves a disservice. New Delhi: People in authority have to tolerate criticism and suppressing criticism is a sure-fire recipe for policy mistakes, former Reserve Bank of India Governor Raghuram Rajan said Monday. In an essay on LinkedIn, Rajan said governments that suppress public criticism do themselves a gross disservice. “People in authority have to...
More »Slowdown: Direct tax collections now a crawl, shrink Govt's space to cut GST -Aanchal Magazine
-The Indian Express Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore — against year’s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government’s fiscal math The impact of a slowing economy is showing up in government revenues with net direct tax collections in the first five-and-a-half months of 2019-20 making up just a third of the full-year target. Net direct...
More »How rural inflation is playing out -Keerthi Sanagasetti
-The Hindu Business Line Low food inflation and high services inflation in rural India is doing more bad than good for the rural population CPI Inflation in August came in at benign 3.21 per cent, although it recorded a marginal uptick from July. A deeper look at the numbers brings out the widening disparity between the urban and rural inflation. Rural inflation in August was almost half of urban retail inflation. With...
More »Audit report on AES deaths puts Bihar govt in dock -Arun Kumar
-Hindustan Times An audit report by the accountant general has blamed lack of health policy to poor management of various government schemes for food, nutrition, sanitation, hygiene, health, education and overall welfare for AES deaths in Bihar. Bihar does not have a health policy and its budget also does not focus on any specific area of attention in health sector despite the scourge of acute encephalitis syndrome (AES) for over a...
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