-The Business Standard Or, why our subsidy and tax policies have been almost exactly wrong Thomas Piketty's seminal book on inequality, Capital in the Twenty-First Century, comes at a fortuitous time. Although inequality has been a well-discussed issue in India for some time now, the success of the book contributes by sharpening the debate. It complements the McKinsey Global Institute's (MGI) report titled "From poverty to empowerment: India's imperative for jobs, growth,...
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Government to Borrow 25 Paise for Every Rupee
-Outlook For every rupee in government kitty, as much as one-fourth will come from market borrowing in 2014-15, lower than the current fiscal ending March 31. The government's dependence on debt has come down from 27 paise in the previous Budget to 25 paise in the coming year, reflecting ease of pressure on revenue collections. As per the proposals presented today by Finance Minister P Chidambaram in the interim Budget, net borrowings of...
More »'Bihar grew at 12% last 7 years' -Abhay Singh
-The Times of India PATNA: Bihar's average annual growth rate has been 12% in the last seven fiscal years, one of the highest among all Indian states, on the back of high growth rate achieved in the agriculture and allied sectors. Besides, advancement has also been made in healthcare and education. The state's Economic Survey Report for 2013-14, which was tabled in the assembly on Friday, has concluded this. The summary of...
More »Pan masala, gutka to cost more as govt raises duty
-The Times of India NEW DELHI: Pan masala, gutka and several other tobacco products that are sold in pouches are set to get expensive as the government on Monday increased excise duty in a last-ditch effort to boost revenues. A statement issued by the finance ministry did not specify the extent of increase in excise but said the levy will now be linked to the capacity of production, which has increased due...
More »CM Arvind Kejriwal keeps another promise, cuts power bills 50% by raising subsidy -Richi Verma
-The Times of India NEW DELHI: Moving at a feverish pitch to fulfill the second most important of his poll promises, chief minister Arvind Kejriwal gave 80% of the capital's electricity consumers cause to ring in the new year with much cheer. They will be paying half of what they had to pay so far with the tariff for consumption up to 400 units a month slashed by 50%, thanks to...
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