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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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Reform for farmers needs to look at more than mere efficiency of agriculture markets -Nikhit Kumar Agrawal and Richa Kumar

-The Indian Express Considering the critical importance of agriculture for livelihoods, health, food security, and also keeping in mind the vulnerability of Indian farmers, it is necessary to go beyond reductionist expediency in considering agricultural reforms. In his speech on December 25, Prime Minister Narendra Modi said that the three controversial farm laws will finally deliver justice to the vast majority of small farmers who have been ignored by successive governments. As...

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Google Under Fire in US for Predatory Monopoly Practices -Prabir Purkayastha

-Newsclick.in Tech monopolies are increasingly being acknowledged as a danger to people, other companies and even to democracy. The regulatory worm seems to be turning in many countries, even in the US where it had gone into hibernation. The US Department of Justice has filed a lawsuit against Google-Alphabet (Alphabet is Google's parent company) for a range of anti-competitive practices using its monopoly power in the search market. This is the only...

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States compete to bring in sweeping changes to labour laws, ‘competition to attract capital’, say analysts -Aanchal Magazine

-The Indian Express A blanket suspension of labour laws, as has been in the case of UP, however, may not find favour, with the Centre leaning towards putting caveats in order to protect the rights of bonded labour, children and women. With at least 10 states moving to amend their labour laws ahead of restarting economic activities post the COVID-19 lockdown, an overhaul in the central labour laws is being seen in...

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