-Newsclick.in By doing so, the corporate sector seems to have cautioned the government against expecting a fast rebound in industrial activity, as there is sizeable idle capacity in the absence of consumption demand. Kolkata: Rural stress and funds for the rural job guarantee scheme were surprise additions in the organised corporate sector’s listed points for the post-Budget interaction with the Union government held on February 5 under the aegis of the Confederation...

-Scroll.in At a time when upper classes continue to thrive on waves of profit maximisation, the social and economic safety net of the poor has been gradually eroding. Amidst all the talk on two Bharats, are we seeing a time horizon where India’s elite may abandon the country’s poor and vulnerable? This is a question I have been contemplating about for a few months now. My curiosity peaked days after the recent Union...

-The Telegraph The RBI’s inflation analysis goes against the grain The budget for 2022-23 was saluted for its growth push despite the record gap in revenues and expenditures: Rs 15 trillion would be borrowed to fill these. This, however, did not hold back the stock market from touching the sky, nor commentary greeting the raised capex to draw in private investments, create jobs, and support demand. Days later, the euphoria subsided as...

-The Hindu It would be much easier for the government to provide relief to people if the tax base was wider, says Revenue Secretary Tarun Bajaj, noting that four crore people don’t file returns though the tax department gets some TDS collections on their account. With major customs duty rationalisation done and corporate tax settled, the government hopes to finish some pending reforms in personal income tax and GST, creating a...

-Centre for Budget and Governance Accountability (CBGA), February 4, 2022 Since 2006, Centre for Budget and Governance Accountability (CBGA) has been bringing out an analysis of the Union Budget every year soon after its presentation in Parliament. This publication aims to facilitate an informed discussion on the Budget focusing both on revenue and expenditure aspects, particularly around the social sectors, agriculture, rural economy, climate actions and provisioning of budgetary support for...